Great Clips vs Lord's & Lady's Hair Salons Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Great Clips vs Lord's & Lady's Hair Salons including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Great Clips Franchise
Lord's & Lady's Hair Salons Franchise
Investment $146,900 - $282,400$50,000 - $175,000
Franchise Fee $20,000$25,000
Royalty Fee 6%6%
Advertising Fee 5%-
Year Founded 19821975
Year Franchised 19831980
Term Of Agreement 10 years10 years +10
Term Of Agreement 10 years10 years +10
Renewal Fee $1.75K-


Business Experience Requirements
 
Great Clips Franchise
Lord's & Lady's Hair Salons Franchise
Experience
  • Marketing skills
  • Strong management & leadership skills
    		• -

    Financing Options
     
    Great Clips Franchise
    Lord's & Lady's Hair Salons 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
    Lord's & Lady's Hair Salons Franchise
    Training -Boston, MA 2-5 Days
    Support Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesCentral Data Processing

    Central Purchasing

    Field Operation Evaluation

    Field Training

    Initial Store Opening

    Inventory Control

    Regional or National Meetings

    800 Telephone Hotline
    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)

    		Average Number of Employees: 6 Full-time, 8 Part-time

    Passive Ownership: Allowed, But Discouraged

    Expansion Plans
     
    Great Clips Franchise
    Lord's & Lady's Hair Salons Franchise
    US Expansion YesYes
    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 Lord's & Lady's Hair Salons

    Service and retail mall locations which normally do 50% men and 50% women in sales.
    At Lord's & Lady's Hair Salons, we pride ourselves in providing our customers with the perfect cuts, colors, perms and other hair services, along with the highest quality of customer service. Our stylists are highly trained in today's latest hair trends and attend regular classes with major styling educators. Founded 1971 in Boston, Massachusetts, Lord's & Lady's Hair Salons has been servicing the New England area as a full service beauty salon. Salons located throughout New England.