Great Clips Franchise Opportunity

Overview

• Franchise Type: Haircare and Personal Grooming Services
• Franchise Name: GREAT CLIPS®
• Franchisor: Great Clips, Inc.
• Established: 1982
• Corporate Office: Minneapolis, MN, USA

Key Details

• Franchise Model: Operation of GREAT CLIPS® salons, offering haircare services and products.
• Distinctive Features: Specialization in haircare and grooming, with a focus on affordable, high-quality services for men, women, and children.
• Location: Typically in shopping centers, with distinctive branding and trade dress.
• Franchise Agreement: License to develop and operate a single salon, with use of GREAT CLIPS® trademarks and service marks.

Investment Information

• Initial Investment: $183,400 - $394,400
  • Single Franchise Agreement: $71,100 - $101,200 (payable to Great Clips or an affiliate)
  • Three Star Program (First Salon): $86,100 - $116,200
• Three Star Program: Lease-signing incentive program requiring the opening of three salons within 24 months.
• Master Development Agreement:
  • Fee: $14,000 - $46,000 (for 2 to 10 salons)
  • Development Fee: $4,000 per salon
  • Initial Franchise Fee: $6,000 for the first salon

Additional Fees

• Initial Franchise Fee: $20,000 for a single salon (varies for subsequent agreements).
• Initial Advertising Contribution: $5,000 (non-refundable).

Special Programs

• Three Star Program:
  • Program Fee: $35,000
  • Initial Advertising Contribution: $5,000
  • Benefits: Waived franchise fees and advertising contributions for salons with executed leases within 24 months.
• Master Development Agreement:
  • Offers opportunities to develop a specified number of salons in a designated area.

Key Takeaways

• Long-Standing Brand: Established in 1982 with a strong franchise network.
• Specialized Services: Focused on haircare and personal grooming.
• Diverse Opportunities: Options for single salons, multiple salon development, and incentive programs.
• Strategic Locations: Salons primarily located in shopping centers for optimal visibility and access.
• Investment Range: Varied investment options suitable for different business scales and objectives.