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Great Clips
Get the haircut and franchise opportunity to fit your lifestyle. Great Clips® salons employ nearly 30,000 professionally licensed stylists who receive ongoing training on advanced skills and the latest style trends. Salon services are available for men, women, and children. The services include haircuts, shampoo, styling, trims, perms, and conditioning treatments. No appointments are necessary. The company also carries hair care products by Matrix, American Crew, Nioxin, Sexy Hair, Joico, and Redken as well as Great Clips lines: Solutions, Tea Tree, and Detour. Products may vary by salon. According to the company, the franchise is ideal for those seeking a moderate-risk, steady growth business.
Great Clips is the first hair-care salon to rank in the Franchise AllStar's top 10. With locations across the U.S. and Canada, the franchisor ranked very high in brand awareness (#19) and also earned solid ranks in growth (#33), Web visibility (#48), and financial strength (#48).
In 2011, Great Clips opened its 3,000th store and welcomed a new CEO, former company president Rhoda Olsen. The company also launched a new online check-in service to decrease salon wait times, and stores using the new technology reported a 10 percent increase in sales.
The company encourages multiunit ownership and manager-run salons. Most franchisees keep their professional jobs while building their businesses, and the average franchisee will own five to six salons after five years in business.
Great Clips is listed on the SBA's Franchise Registry and participates in the IFA's VetFran and MinorityFran programs. Great Clips also contributes to local and national causes through its "Great Needs. Great Deeds." philanthropy program.
2011 AllStar Rank: 26
2010 AllStar Rank: 20
2009 AllStar Rank: 22
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
AllStar Franchise
Fast Facts
| Year established | 1982 |
| Franchising since | 1983 |
| Can be run from home? | No |
| Number of employees needed | 14 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 50% |
| Absentee ownership allowed? | No |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 2,910 | 75 | 0 |
| 2010 | 2,846 | 67 | 0 |
| 2009 | 2,739 | 56 | 1 |
Expanding in These Locations
| Total Investment | $109,400 - $202,500 |
| Franchise Fee | $25,000 |
| Royalty Fee | 6% |
| Net Worth | $300,000 |
| Liquid Capital | $50,000 |
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | Yes |
