Top 250 Franchise by Entrepreneur – Rank no.49 – Sport Clips – US
Products & Services: Men’s sports-themed hair salon
Number of Locations: 1,075
Total Investment: $158.3K – 306.5K
Began Franchising: 1995
About Sport Clips
Gordon Logan, president of Sport Clips, conceived the Sport Clips idea in 1993 and opened its first franchised store in Houston two years later. Designed to target a previously underserved market, Sport Clips caters to men and boys by providing hassle-free hairstyling in a sports-themed environment. The company began franchising in 1995.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000 – $49,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 5 years, renewable
Net Worth: $300,000
Liquid Cash Available: $100,000
98% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 – 12. Absentee ownership of franchise is allowed. (32% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|
How This Franchise Supports Franchisees
Franchise Ranking History
|Headquarters||Georgetown, Texas, US|
|Key people||Gordon Logan, CEO|
|Revenue||$119 million (2008)|
Sport Clips (also known as SportClips) is an American-based chain of haircut salons which caters primarily to men and boys. Headquartered in Georgetown, Texas, the chain has over 1,000 franchised stores as of January 2013.
In advertising, the chain touts the broadcasting of sports programming throughout the stores. Sports memorabilia and logo items are displayed and are offered for sale at some locations.
In February 2009, Sport Clips was listed in Entrepreneur Magazine as one of the fastest growing franchises based on operating units.