Great Clips is a hair salon franchise with over 4,100 locations across the United States and Canada. In 2013, Great Clips reported an annual revenue of $1.03 billion. Over 30,000 stylists are employed by Great Clips salons. The first Great Clips salon opened under the name Super Clips near the University of Minnesota campus on September 22, 1982. It is headquartered in Minneapolis, Minnesota.
Financial Requirements for Great Clips Franchise
Great Clips has the franchise fee of up to $20,000, with total initial investment range of $136,900 to $258,250.
Initial investments: $136,900 - $258,250
Net-worth Requirement: $300,000
Liquid Cash Requirement: $50,000 - $150,000
Initial Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Ad Royalty Fee: 5%
On-The-Job Training: 8 hours
Classroom Training: 86 hours
Additional Training: At local training center
Absentee Ownership Allowed
Number of Employees Required to Run: 8 - 10
Great Clips Franchise Info: http://www.greatclipsfranchise.com/territories-and-investment
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