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 Great Clips, headquartered in Minneapolis, MN is the largest single salon brand in the $50 billion-a-year haircare industry and is one of the fastest growing franchise companies in the United States. Established in 1982, Great Clips has perfected a system for delivering high quality haircuts and perms to the entire family in a convenient no-appointment environment. Today, with over 2300 salons and new salons opening almost every business day, Great Clips is well positioned to reach their goal of becoming clearly the #1 haircare brand. Competitive Advantages of owning a Great Clips Franchise: - Manager-run salons
- Ability to open multiple units
- Strong brand recognition
- Keep the security of your current position
- Initial and ongoing local training and support
- Low start-up requirements
Hair Care Industry Facts: - $50 billion industry
- Recession-resistant business with built-in demand
- Undercompetitive environment
- Consolidating industry
- Cash business with no receivables and little inventory
- Technology resistant
- Cyclically stable business
The Ideal Great Clips Franchise Candidate: - No haircare experience
- Net worth minimum $250,000 ($150,000 liquid, $75,000 cash)
- Strong leadership and people skills
- Business and management experience
- A desire to succees
- Interest in growing a multi-unit business
- Wants to keep security of current position
- Long term focused
"I developed a list of eight criteria that a business must meet before I would invest in any business opportunity. Great Clips is the only opportunity I found that satisfied all eight. The financial returns have exceeded my expectations. Great Clips has the most knowledgeable and committed senior management team in the industry"-Ron B Only the companies who are well-managed and positioned for growth will continue to capture marketshare and dominate their markets. That is Great Clips! Great Clips for Hair SUPPORT & TRAINING PROVIDED Financial Assistance Provided: Yes Site Selection Assistance: Yes Lease Negotiation Assistance: Yes Co-Operative Advertising: Yes Training: 5 days in Minneapolis, MN; 2 weeks in local market. |
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