Great Clips Franchise

Hair salon


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.
Veteran Incentives

$5,000 rebate on first-store franchise fee

It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!

Please Note: The operators of Great Clips, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Great Clips website.

How much does it cost to open a Great Clips Franchise?

The estimated investment required to open a Great Clips Franchise is between $136,900-$258,250. There is an initial franchise fee of $20,000 which grants you the license to run a business under the Great Clips name.

Individual Unit Costs

  • Initial Investment:
    $136,900-$258,250
  • Initial Franchise Fee:
    $20,000
  • Royalty Fee:
    6%
  • Advertising Fee:
    5%
  • Term of Agreement:
    10 years
  • Renewal Fee:
    $1.75K



Click here to compare with
franchises similar to Great Clips

Great Clips CEO, Rhoda Olsen Receives IFA's Bonny LeVine Award
Great Clips CEO Rhoda Olsen acknowledged the Bonny LeVine grant on Jan. 31, 2017, at the International Franchise Association's 57th Annual Convention in Las Vegas, Nevada. The Bonny LeVine honor is given to a female franchisor or franchisee who is a good example and guide for ladies through her busi...

Great Clips, Inc.'s CEO Rhoda Olsen Named the 2015 Executive of the Year by Minneapolis/St. Paul Business Journal
Great Clips CEO Rhoda Olsen was named the 2015 Executive of the Year by the Minneapolis/St. Paul Business Journal - a top honor from the Minnesota business community. Olsen appeared on the cover of the January edition of the Business Journal. Olsen joined the executive team at Great Clips, Inc. i...

Great Clips Ranks #33 On Franchise 500 List
Franchise Ranking History Franchise 500: #33 (2014), #29 (2013), #35 (2012), #29 (2011), #100 (2010), #60 (2009), Fastest-Growing: #13 (2013), #32 (2012), #22 (2011), #49 (2010), #36 (2009), America's Top Global: #45 (2013), #32 (2012), #27 (2011), #82 (2010), #51 (2009). ...

Salon Owner Taps Franchise Growth
Donato Vaccaro thought he'd open his first Great Clips hair salon last year, but a new job and a picky site-selection process delayed his plan. It took Vaccaro, 50, of White Plains about 2 1/2 years from when he began researching franchises to his grand opening July 20 at Somers Commons at 80 Rou...

Great Clips Uses Data To Address Franchisee Discontent
In an effort to spur investment by small businesses and shore up the economy, President Barack Obama signed the JOBS Act into law in April. The law, which makes it easier for entrepreneurs to raise capital through public markets, is a potential boon for a number of business models, including people ...

Great Clips News & Press Releases

When did the first Great Clips open? 1982
When did Great Clips start Franchising? 1983

United States: Mid West, South, South East, South West, West,

International: Canada,

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Third Party Financing Source(s): InSource Capital Services Inc., IRH Capital

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

Marketing
Co-op advertising

Number of employees needed to run franchised unit: 8 - 10

Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Business Experience:

  • Marketing skills
  • Strong management & leadership skills

  • To calculate how much income a franchise owner can do at Great Clips Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

    Listing Tags

     
    Great Clips Franchise Opportunity has been viewed 21205 times by investors.
     

    Legal Disclaimer: This information is not a franchise offering for Great Clips and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Great Clips franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Great Clips

    Great Clips

    Great Clips Inc.
    4400 W. 78th St., #700
    Minneapolis, MN
    55435

    FREE FRANCHISE ADVICE

    First Name:
    Last Name:
    Address:
    City:
    State: (US inquiries only please)
    Zip:
    Phone:
    Email:
    Capital to Invest

    (Min $50k Investment)
    Investment Timeframe:

    Can I use my 401K or IRA
    to buy a business?

    Submit your request for a
    FREE Franchise Consultation.

    The Franchise Mall Facebook Feed: