Sport Clips is a unique hair care franchise and semi-absentee/manager-run business where men and boys receive a well-executed haircut experience at a reasonable price while watching sports on TV. The brand offers relaxing amenities and our signature service, the MVP Experience, is a 20-minute, no-appointment-necessary session that includes a precision haircut, steamed towel, invigorating massaging shampoo, and relaxing neck and shoulder treatment in a unique, sports-themed environment while enjoying sports on TV. Guys get haircuts – guys watch sports – every investment should be this obvious!
This is an investment business. Business owners are not buying themselves a job. They typically will continue to work at their careers while building this investment to 3 or more stores. When they have 3-5 stores operating they are usually able to transition out of their full-time career, replace their corporate income and enjoy and a flexible lifestyle. Minimum net worth requirements are $400,000 with about half of that in required liquidity. Your first location will run anywhere from $189K to $355K depending on a variety of factors such as location and tenant improvement costs. The franchise fee is $59,500 for 3 licenses, $12,500 for each additional or 10 licenses for $125,000.
NOTE: Many territories, cities and entire states are sold out. This is a very popular and large brand. Contact me for territory availability.
Desired background of prospects and Ideal candidate:
Strong managerial and communication skills. Enjoys working with and developing people and marketing their store. This is a people business. Franchisees will work with the manager and oversee multiple units. Primary responsibility is to market the business and drive sales.
Important Key Factors
- Only (Inter)national chain to exclusively target men and boys
- 99.4% franchise continuity rate
- Strong unit economics as detailed in our item 19
- Store to store sales are up almost 10% over last year and have been up 7-10% in each of the past five years.
- Overall, 80 consecutive quarters of same store sales growth (that’s 20 years!)
- Over 2,300 licenses awarded with more than 1,600 stores open and a presence in all 50 states and Canada.
- Sport Clips celebrated its 1,500th and 1,600th store openings and reached $3 billion in haircut sales in 2016.
National Rankings
- “#1 in Hair Care Category”, & “Best of the Best” Entrepreneur (2017)
- “#9 in Franchise 500”, Entrepreneur (2017)
- “Top 50 in Franchise 500”, Entrepreneur (1999 – present)
- “Fastest-Growing Franchise”, Entrepreneur (2004 – present – 14th year in Top 100; Top 10 in 2015; #14 in 2017)
- “Best Franchises to Buy”, Forbes (2014, 2015, 2016 in its investment category)
- “Top 100 Franchises”, Franchise Gator (#1, 2014; #4, 2015; #4, 2016 #10, 2017)
- “Top 100 Global Franchises”, Franchise Direct (#92, 2015; #51, 2016)
- “Top 50” in franchisee satisfaction by Franchise Business Review (2014-2017)
- “Best for Vets” Franchise, Military Times (#1, 2013; #2, 2014-2015; #5, 2016)
- “Fast & Serious” franchise ranking, Franchise Times (#14, 2014; #13, 2015; #18, 2016, #18, 2017)
- Gordon Logan, Entrepreneur of the Year by International Franchise Organization (2016)
- On the Small Business Administration (SBA) top 25 franchisor list for loan payment performance
- Five Star Designation, VetFran (2017)
If you desire a successful, proven brand to grow your investment portfolio and build an empire – Sport Clips should be on your radar.