Financial
How much money can I make?
How long before I start to make money?
How much will buying a Great Clips franchise cost?
What are Great Clip's royalties?
Miscellaneous
Can I really keep my job and start a Great Clips hair salon franchise?
What if I want to work at it full time?
Do I need to know how to cut hair?
How does Great Clips differ from their competition?
How long does it take to open a salon?
Staffing
How will I find staff (stylists and managers)?
Real Estate
How do I find a site?
What does the inside of a salon look like?
Financial
QHow much money can I make?
Once you've completed our
online application and successfully completed an initial interview, we will provide you with our Franchise Disclosure Document which contains a section titled “Financial Performance Representations” (FPR). The FPR discloses salon-level financial information for approximately 50% of salons open at least two years. This information was voluntarily submitted by our franchisees. The disclosed information includes gross sales, rent, labor, royalties, ad fund contribution and operating cash flow.
QHow long before I start to make money?
Since there are so many variables that go into answering this question, we do not ask our franchise owners to attempt to answer it, therefore we can't provide it to you. One of the major variables when calculating "time to cash flow positive" is debt service. Some franchisees open salons with no debt, while on the other end of the spectrum, other franchisees may take out loans for 70% to 75% of the total investment required. Again, we encourage you to speak with our existing and/or former franchisees to learn more about the length of time it took them to reach the point where their salon was cash flow positive.
QHow much will buying a Great Clips franchise cost?
The total investment to open a Great Clips salon ranges from $109,400 to $202,500 in the U.S. and from $128,950 to $245,275 in Canada. You can learn more here.
QWhat are Great Clip's royalties?
6% of gross sales
Miscellaneous
QCan I really keep my job and start a Great Clips hair salon franchise?
Yes. Once you become qualified by our Franchise Development team you'll be encouraged to start talking with our franchisees – most of whom kept their professional job while opening up their first Great Clips salon(s). This is not an absentee business, it's a manager-run business; and we recruit franchisees that know how to manage the manager.
QWhat if I want to work at it full time?
You're welcome to do so. You will likely open salons at a faster pace if you're able to devote full-time attention to the business.
QDo I need to know how to cut hair?
No. Approximately 95% of our franchisees didn't know how to cut hair when they joined our system, and most of them still don't know how to cut hair years after becoming a franchisee. Your mission is to manage and lead your staff, grow sales and open multiple salons.
QHow does Great Clips differ from their competition?
Great Clips has grown to become North America's largest hair salon franchise brand by providing quality haircuts, at an affordable price, to the entire family in convenient locations. And we have a 27-year-and-counting, laser-like focus on these basic, but important elements.
QHow long does it take to open a salon?
In general, 9-12 months is typical, but it will vary depending on a number of factors, namely, your commitment to finding and building out a site and the availability of local real estate.
Staffing
QHow will I find staff (stylists and managers)?
By following and implementing our staff recruiting strategies. Our
http://www.greatclips.com/employment.html website attracts more than 15,000 stylist and manager applications every year throughout North America. Those applicants are forwarded immediately to our local franchisees. Additionally, Great Clips has long-term relationships in the industry with leading cosmetology schools that can help drive staff to your door.
Real Estate
By working closely with your dedicated Great Clips Real Estate Manager and our Exclusive Commercial Real Estate Agent in the market. They know the market better than anyone and will devote their time and effort to help you find a site.
QWhat does the inside of a salon look like?