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Updated RecentlyGreat Clips vs Trade Secrets/Glamour Secrets Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Great Clips vs Trade Secrets/Glamour Secrets including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $146,900 - $282,400 | $200,000 - $350,000 |
| Franchise Fee | $20,000 | $25,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 5% | - |
| Year Founded | 1982 | 1989 |
| Year Franchised | 1983 | 1990 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $1.75K | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | - | - |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising | - |
| Operations |
Number of employees needed to run franchised unit: 8 - 10
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Great Clips
Established in 1982, Great Clips started franchising in 1983 and now has locations throughout the United States and Canada. Usually located in strip malls,
Great Clips hair salons are open evenings and weekends and do not require appointments. On average, franchisees operate three units. Great Clips sponsors NASCAR Busch Series driver Kasey Kahne. The company has also partnered with General Mills, Sprint, Best Buy, Blockbuster, Coca-Cola, Hasbro and DreamWorks.
The total investment necessary to begin operation of a Great Clips
franchise is from $146,900 to $282,400. This includes $25,250 to $30,000
that must be paid to Great Clips or an affiliate for a single franchise
agreement, and $40,250 to $45,000 that must be paid to Great Clips or
an affiliate for the first salon you develop under a Three Star Program
Agreement.
If you sign a Master Development Agreement, you also must pay
to Great Clips or an affiliate a Development Fee of $4,000 for each
salon you agree to develop, which would amount to $8,000 to $40,000 if
you were granted the right to develop between two and 10 salons.
Veteran Incentives
$5,000 rebate on first-store franchise fee
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#59 in Canada's Top franchises.
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#35 on Franchise Rankings.com
#15 in Franchise 500 for 2020.
#13 in Franchise 500 for 2021.
About Trade Secrets/Glamour Secrets
Trade Secrets is Canada's pioneer one stop beauty shop with a full service salon and over 4,000 high quality Salon products for sale under one roof. The beauty industry is booming and proven to be recession proof and Trade Secrets is riding the explosive growth. With over 65 locations now in high visibility, high traffic malls and outdoor locations, Trade Secrets is looking for franchisees in ON and QC to join its success story.
#125 in Canada's Top franchises.