Great Clips vs Paramount Home Beauty Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Great Clips vs Paramount Home Beauty including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Great Clips Franchise
Paramount Home Beauty Franchise
Investment $146,900 - $282,400$44,100
Franchise Fee $20,000$14,800
Royalty Fee 6%5%
Advertising Fee 5%-
Year Founded 19822004
Year Franchised 19832006
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $1.75K-


Business Experience Requirements
 
Great Clips Franchise
Paramount Home Beauty Franchise
Experience
  • Marketing skills
  • Strong management & leadership skills
    		• -

    Financing Options
     
    Great Clips Franchise
    Paramount Home Beauty Franchise
      In-House/3rd PartyIn-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
     
    Great Clips Franchise
    Paramount Home Beauty Franchise
    Training -* Available at headquarters: 5 days

    * At franchisee's location: 5 days (optional)
    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)

    		* Franchise can be run from home

    * Number of employees needed to run franchised unit: 6 - 20

    * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)


    Expansion Plans
     
    Great Clips Franchise
    Paramount Home Beauty Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    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

    "Top  ""       "Entrepreneur

    #59 in Canada's Top franchises.

    "franchiserankingscom"
    #35 on Franchise Rankings.com
    #15 in Franchise 500 for 2020.
    #13 in Franchise 500 for 2021.






    About Paramount Home Beauty

    Paramount Home Beauty has launched its breakthrough concept in delivering salon and spa services to individuals restricted to their homes, hospital bed, skilled nursing facility, assisted living and/or nursing home due to medical reasons.