The term of agreement is 10 years and can be renewable. In addition, the royalty fee is 6% and the ad royalty fee is 5%. For Canada, the investment range is $106,400 to $305,880. The total investment mentioned above is for the United States franchise applicants only. The following are the financial requirements that Great Clips looks for in their franchise applicants: Fees / Expensesįor further clarification, the liquid capital and net worth depends on the needs of each market. Is the Great Clips Franchise Right For You?.How Much Does Great Clips Make in Profit?.Click here to take our 7-minute quiz to be matched with the right franchise opportunity for you. You can open this concept within the United States or internationally.Īre you ready to open your own Great Clips franchise? I’ve put together in-depth details about the finances behind this hair salon so you can determine if Great Clips is the right franchise to bring to your area. The average investment range for this salon is $178,400 to $376,900 which includes the franchise fee of $20,000 to $35,000. How much does it cost to open Great Clips? To begin, you’ll need a minimum liquid capital of $75,000 and a minimum net worth of $300,000. They’ve been franchising since 1983 and have over 4,200 locations in the United States and Canada. They offer a no-frills hair maintenance services that simply consists of haircuts, hairstyling, and shampooing.
Great Clips is a chain of hair salons in the United States and Canada. Did you know that the global hair care industry is expected to reach $112.97 billion by 2028? No matter what happens with the global economy or consumer preferences, people will continue getting hair cuts to look and feel their best.
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