Snip-Its vs Great Clips Franchise Comparison

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

Start-Up Costs and Fees
	Snip-Its Franchise	Great Clips Franchise
Investment	$124,595 - $220,375	$146,900 - $282,400
Franchise Fee	$20,000 - $35,000	$20,000
Royalty Fee	6%	6%
Advertising Fee	2%	5%
Year Founded	1992	1982
Year Franchised	2003	1983
Term Of Agreement	10 years	10 years
Term Of Agreement	10 years	10 years
Renewal Fee	25% of initial fee	$1.75K
Business Experience Requirements
	Snip-Its Franchise	Great Clips Franchise
Experience	General business experience	Marketing skills Strong management & leadership skills
Financing Options
	Snip-Its Franchise	Great Clips Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/No	No/Yes
Start-up Costs	No/Yes	No/Yes
Equipment	No/Yes	No/Yes
Inventory	No/Yes	No/Yes
Receivables	No/Yes	No/Yes
Payroll	No/Yes	No/Yes
Training & Support
	Snip-Its Franchise	Great Clips Franchise
Training	On-The-Job Training: 80 hours Classroom Training: 34 hours	-
Support	Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software	Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing	Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app	Co-op advertising
Operations	75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10	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
	Snip-Its Franchise	Great Clips Franchise
US Expansion	Yes	Yes
Canada Expansion	No	No
International Expansion	No	Yes

Company Overviews

About Snip-Its

Snip-its franchise has changed the dynamic of children's haircare by turning what has traditionally been considered a mundane and often unpleasant experience into a fun-filled adventure. The Snip-its franchise features memorable branding, our own cast of cartoon characters, interactive computer play stations, the Magic Box, and a complete line of haircare products formulated just for kids. These, along with our proprietary point of sale, proven marketing system and specially trained stylists represent one of the most innovative franchise opportunities available.

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.