Great Clips vs Sharkey's Hair It Is Franchise Comparison

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

Start-Up Costs and Fees
 
Great Clips Franchise
Sharkey's Hair It Is Franchise
Investment $146,900 - $282,400$106,170 - $138,995
Franchise Fee $20,000$99,995
Royalty Fee 6%$1000/Month
Advertising Fee 5%-
Year Founded 1982-
Year Franchised 1983-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1.75K-


Business Experience Requirements
 
Great Clips Franchise
Sharkey's Hair It Is Franchise
Experience
  • Marketing skills
  • Strong management & leadership skills

    • We seek positive, customer focused people who are highly motivated with a desire and commitment to build a successful business while having fun.

    Financing Options
     
    Great Clips Franchise
    Sharkey's Hair It Is 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
    Sharkey's Hair It Is Franchise
    Training -

    4 day comprehensive training

    Support Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

    Site selection & negotiation *Salon design and layout *Grand opening and continuous marketing programs *On-site assistance during grand opening week *Owners meetings to discuss operations and marketing

    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)

    For single salon owners we do not require you to work full-time or part-time in the salon. Multi-store owners should work part-time or hire a manager.

    Expansion Plans
     
    Great Clips Franchise
    Sharkey's Hair It Is 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 Sharkey's Hair It Is

    We are the most innovative and entertaining salon for both men, women, and children around the globe. Our proven business models, which feature lower than average royalties and three revenue streams, gives you the best opportunity for success.

    Hair it is offers our clients a cutting-edge salon where they can enter with the confidence, and they will emerge looking and feeling better than before! We strive to provide friendly and professional service in an inviting environment. Women and Teens will be tended to by stylists professionally trained in the latest styles and trends, incorporating cutting edge techniques and decor. All at affordable prices! Haircuts, color, blowouts, straightening, highlights, styling, Sharkey’s will satisfy all your requests!