Great Clips vs Image Studios Franchise Comparison

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

Start-Up Costs and Fees
 
Great Clips Franchise
Image Studios Franchise
Investment $146,900 - $282,400$555,387 - $1,236,840
Franchise Fee $20,000$49,750
Royalty Fee 6%5.5%
Advertising Fee 5%1%
Year Founded 19822010
Year Franchised 19832015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1.75K-


Business Experience Requirements
 
Great Clips Franchise
Image Studios Franchise
Experience
  • Marketing skills
  • Strong management & leadership skills
    		• -

    Financing Options
     
    Great Clips Franchise
    Image Studios 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
    Image Studios Franchise
    Training --
    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
    Image Studios 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 Image Studios

    Image Studios proven business model provides a flexible, needs-based platform for beauty professionals to open their own salon easily without the typical investment that would be required to open their own business. Image Studios also provide ongoing training and education to your salon professionals that helps them run their business effectively. First time entrepreneurs and experienced business owners alike can benefit from this incredible opportunity.

    #160 in Franchise 500 for 2021   Not in Franchise 500 for 2020