Great Clips vs Tommy Gun's Original Barbershop Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Great Clips 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
 
Great Clips Franchise
Tommy Gun's Original Barbershop Franchise
Investment $146,900 - $282,400$250,000 - $350,000
Franchise Fee $20,000$30,000
Royalty Fee 6%-
Advertising Fee 5%-
Year Founded 19822009
Year Franchised 19832009
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1.75K-


Business Experience Requirements
 
Great Clips Franchise
Tommy Gun's Original Barbershop Franchise
Experience
  • Marketing skills
  • Strong management & leadership skills
    		• -

    Financing Options
     
    Great Clips Franchise
    Tommy Gun's Original Barbershop 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
    Tommy Gun's Original Barbershop Franchise
    Training -2 weeks
    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
     
    Great Clips Franchise
    Tommy Gun's Original Barbershop Franchise
    US Expansion Yes-
    Canada Expansion NoYes
    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 Tommy Gun's Original Barbershop

    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.