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Below is an in-depth analysis and side-by-side comparison of Fantastic Sams Hair Salons vs Tommy Gun's Original Barbershop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $215,000 - $479,000 | $250,000 - $350,000 |
Franchise Fee | $30,000 | $30,000 |
Royalty Fee | $362+/wk. | - |
Advertising Fee | $142/week | - |
Year Founded | 1974 | 2009 |
Year Franchised | 1976 | 2009 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | Varies | - |
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/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | Available in MA: 1 week Salon Fundamentals At regional office: ongoing On-The-Job Training: ongoing Classroom Training: 32 hours | 2 weeks |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | Yes |
International Expansion | No | - |
Join a Franchise that:
* Is Recession Resistant
* Is A Leader in its Category
* Does not require previous experience
* Has a low investment
* Offers Single & Multi-Unit Development Opportunities
Owning a Fantastic Sams Hair Salon franchise is a great investment because:
* The hair care business is large, growing, recession resistant and immune to technology or other competitive forces. Hair is always growing and the demand for more services and personal attention by today's consumer creates a great opportunity for the right hair salon business model. The American Salon's Green Book, the bible of the salon business, cites numerous hair care business trends that greatly favor the Fantastic Sams hair salon franchise model
* As a leading hair salon franchise, Fantastic Sams Hair Salon has been featured in some of the top industry and business publications
o Entrepreneur Magazine
o Franchise 500 - #1 Full Service Hair Salon Franchise; #50 overall
o Franchise Times - #54 of Top 200 Franchises
o Black Enterprise - Top Franchises for African Americans
o Poder Enterprise Magazine - Top Franchises for Hispanics
o USA Today - Top Franchises for Minorities
* You don't need to have any previous experience in the Hair Salon Business. Whether you are interested in developing single or multiple salons, as an owner of a Fantastic Sams Hair Salon Franchise, each day you'll work on your business, not in your business. Using your skills in marketing, employee relations, and business management, you dictate the success of your salon or salons.
* In the hair care business, Fantastic Sams Hair Salon fills a large niche that no one else is exploiting - the full-service salon at reasonable prices. And with a low initial investment, owning a Fantastic Sams Hair Salon Franchise is a great business decision.
A new trend in men's personal hygiene and grooming is emerging. In addition to the renewed emphasis men are placing on their appearance, they are spending more on retail products as well. A growing percentage of men reportedly now consider that personal appearance has a direct impact on their level of personal success. As a result, the beauty industry is experiencing a new dimension, one where men are influencing change. Salons are evolving to accommodate the masculine preferences. More and more you'll see salons designed for the male consumer, where they don't have to check their masculinity at the door. It's time to recognize that men value their imagery and provide new opportunities to capture the growing demand for male grooming services.Tommy Gun's Original Barbershop is on the edge of this emerging trend, offering 5 star service in an atmosphere men will appreciate. It's classic, simple, discerning and casual.