Your Investment Goes Far with a Sport Clips Franchise
In the realm of franchise investments, affordability often seems like an elusive dream. Many potential entrepreneurs are deterred by the high upfront costs associated with launching a franchise. However, there’s a game-changer in the world of franchising—Sport Clips presents an unparalleled opportunity for those seeking a lower-cost franchise investment. Explore the affordability of investing in a Sport Clips franchise, what this investment covers, and why Sport Clips is the perfect choice for aspiring entrepreneurs.
According to Future Market Insights, the global salon services market is undeniably thriving, with a current valuation of $233.8 billion in 2023. What makes this industry even more enticing for entrepreneurs is its projected growth. With an anticipated Compound Annual Growth Rate (CAGR) of 7.46%, the salon services market promises a promising and prosperous future. This growth trajectory aligns perfectly with the opportunities offered by franchising with Sport Clips, positioning it as an ideal choice for entrepreneurs seeking to capitalize on the upward trajectory of the salon services industry.
When it comes to franchise investments, Sport Clips stands out for its affordability, especially when you consider the quality that comes with it. The estimated total investment to open one new Sport Clips franchise ranges from $266,300 to $439,500. This figure includes everything you need to kickstart your franchise journey, making it a comprehensive and budget-friendly investment option.
What’s Included in the Total Investment Cost?
The total investment for a Sport Clips franchise covers a wide range of essential components to ensure your business gets off to a strong start. The initial Franchise Fee to franchise with Sport Clips is $69,500, which grants you access to our proven business model, one of the most comprehensive training and ongoing support platforms in the industry, and all the tools, resources, and coaching necessary for development. This fee also covers your first three licenses. If you decide to expand and add more than the first three licenses, each additional license comes with a $15,000 franchise fee.
Build out costs include expenses related to the physical setup of your Sport Clips salon. From construction to interior design, this category ensures your salon provides the perfect environment for the ultimate MVP experience. Building a customer base is also crucial for any new business. Sport Clips includes marketing expenses for your Grand Opening, ensuring that you have the visibility and outreach needed to attract and retain customers from day one.
The working capital allocation is particularly vital during the early stages of your franchise. It provides financial cushioning for up to six months, allowing you to navigate any unforeseen challenges and establish a strong operational foundation.
Access to Financing through Third-Party Lenders
While Sport Clips doesn’t directly offer financing, we understand that securing the necessary funds is a critical step in your franchising journey. That’s why we’ve established relationships with third-party lenders who specialize in franchise financing. These trusted partners can help you navigate the financing process, making it easier to obtain the funds needed to invest in a Sport Clips franchise. Our commitment to your business extends to assisting you in securing the financial resources required to bring your franchise dream to life.
Why Choose Sport Clips Franchise?
Sport Clips offers more than just an affordable franchise investment, it provides a complete package of support, training, and resources that are second to none. “Sport Clips is stronger than ever before,” says Edward Logan, CEO of Sport Clips. “We’ve proven that we’re not only recession-resistant, but we’re also pandemic-resistant. This is a very stable business with steady cash flow and straightforward business model. Now is a great time to invest in Sport Clips. We’re excited about the great real estate opportunities that exist right now, as well as the disruption of client behavior. As people change their buying behavior and their habits, the brands that go out and capture those clients are going to win an outsize market share. That’s going to be us because that’s how we’re thinking.”
With Sport Clips, you’re not starting from scratch. You’re joining a franchise system with a proven business model that empowers store managers to handle the day-to-day operations while you work on building the overall business. Our business model has been meticulously designed and refined to maximize your chances of return on your investment. Once you’re up and running, our network of franchisees is known for its willingness to collaborate and share insights, providing a support system that’s invaluable on your franchising journey.
Make the Most of Your Franchise Investment with Sport Clips
At Sport Clips, we’re dedicated to helping you make your entrepreneurial dreams a reality. We leave no stone unturned in providing you with the tools, resources, and support required to build a thriving franchise. With our third-party lender relationships, securing financing becomes a more accessible step in your path to ownership. Check out our research pages here to learn more about the benefits you’ll receive as a Sport Clips franchise owner.
Join us at Sport Clips, where affordability meets excellence, and together, we’ll embark on an exciting journey toward franchise excellence. When you’re ready for the next step toward owning a Sport Clips franchise, fill out our inquiry form here. Your affordable path to franchise ownership begins today.
Ranked #3 on Entrepreneur’s Top Multi Unit Franchise List
When options are endless in the franchising industry, there’s an iconic brand that shines brightly—Sport Clips. We’re thrilled to share the awesome news that Sport Clips has secured a spot at #3 of Entrepreneur‘s prestigious top multi unit franchise list. This outstanding achievement is a testament to our unwavering commitment to quality, our proven business model, our collaborative network of franchise owners, and our innovative approach to providing an unparalleled customer experience. If you’re an entrepreneur with aspirations of owning a top multi unit franchise, read on to discover why Sport Clips should be your first choice.
Sport Clips has consistently demonstrated our leadership in the world of multi-unit franchises. This recognition from Entrepreneur’s esteemed ranking is a reflection of our brand’s dedication to fostering the development of entrepreneurs like you. We take immense pride in being in the top 3 multi-unit franchises, and we’re excited to share how Sport Clips can be the ideal partner for your entrepreneurial journey.
Our Business Model is Designed for Multiple Units
Our proven business model is designed to empower franchise owners who have ambitions to expand their footprint. Our inclusive approach welcomes entrepreneurs who envision owning and managing multiple Sport Clips locations. With a robust manager-based business model, you can focus on strategic growth and overall business development while dedicated store managers handle the day-to-day operations. This framework allows you to grow your investment efficiently and strategically.
The Power of Collaboration within Our Franchise Network
We firmly believe that excellence is best achieved through collaboration. As a Sport Clips franchise owner, you’re not just part of a brand, you’re part of a supportive community. Our network of franchisees is known for their willingness to share insights, strategies, and best practices, creating an environment where collective victories are celebrated. With Sport Clips, you’re never alone on your journey to owning multiple units. We’re all in this together, and we’re committed to helping you thrive.
Innovating to Elevate the Customer Experience
Innovation is the cornerstone of Sport Clips’ approach to business. We understand that providing a memorable customer experience is key to attracting and retaining clients. Our unique services, including the iconic MVP Experience, set us apart in the haircare industry. This combination of precision haircuts, hot steamed towels, massaging shampoos, and relaxing neck and shoulder treatments keeps clients coming back time and again, ensuring a steady and loyal customer base for our franchise owners.
Why Choose Sport Clips for Your Multi Unit Franchise Investment?
Sport Clips has earned a place in the top 3 of Entrepreneur’s list of multi-unit franchises for a reason. Here’s why you should consider joining our dynamic franchise network:
- A Proven Path to Expansion: Our manager-based business model is tailored for entrepreneurs looking to grow their franchise portfolio. With Sport Clips, you can efficiently manage and expand to multiple units.
- Collaborative Community: When you join Sport Clips, you’re becoming part of a supportive and collaborative network of franchise owners who are eager to share their experiences and insights.
- Innovative Customer Experience: We continually innovate to provide a cutting-edge and exceptional customer experience, ensuring repeat business and ongoing growth for our franchisees.
- Entrepreneurial Empowerment: Sport Clips empowers entrepreneurs from all backgrounds to achieve their goals. We’re dedicated to providing the resources, training, and support you need to thrive in the multi unit franchise arena.
Be an Industry Leader with Sport Clips
As Sport Clips proudly secures a position in the top 3 of Entrepreneur’s list of top multi unit franchises, the message is clear: we’re a brand that’s dedicated to your development as an entrepreneur. Our proven business model, collaborative community, and innovative approach to customer service make Sport Clips the perfect partner for those looking to own and manage multiple units within a thriving franchise system. Join us, and together, we’ll reach new heights of fulfillment in the world of franchising. Visit our research pages here for more information about our exciting franchise opportunities.
At Sport Clips, we’re more than a brand, we’re a family. Fill out our inquiry form here to get a conversation started with our franchise team. We’re ready to support you on your journey to owning multiple units and achieving your entrepreneurial dreams. Join us today and be a part of our extraordinary story.
Melissa and Todd Bains
When Todd Bains walks into one of his Sport Clips Haircuts locations, he gets to work. He vacuums, cleans, and makes sure stylists’ stations are prepared before each client takes a seat. Even though a Sport Clips franchise is an owner/investor model where stylists practice their craft, Todd, as the franchisee, still wants to show the haircare professionals he employs that he’s a team member, too.
Todd and his wife Melissa own 10 Sport Clips locations in two states. Prior to investing in Sport Clips, Todd was with a local car dealership for 15 years. During that time, the couple also started a local pet resort where they learned the ins and outs of owning and operating a business that included developing their own systems, policies, and procedures.
Culture and Leadership
When comparing the benefits of being a franchisee to starting and building a business on your own, Todd believes it comes down to culture and leadership.
“At Sport Clips, you have a family that truly supports you,” Todd states. “They already have the wheel invented…you don’t have to look for vendors, POS systems, etc. And the training is something you can really lean on.”
Building and maintaining culture is key in each of the Bains’ Sport Clips locations. They have grown their franchise investment by acquiring previously owned stores, so in the first 90 days they make sure nothing changes from the previous ownership. He uses this opportunity to observe and to establish trust with the team. Todd then sits down with the store managers one-on-one to see what they like and dislike about store operations. He interviews the team members, asking questions and easing them into any changes.
Todd says the key to what makes Sport Clips unique is the experience.
“If we’re not giving that experience to our clients and team members,” he explains, “we’re just another haircut place.”
Todd and Melissa strive to do much more than just the minimum in running their locations to ensure their Sport Clips stores are places where team members want to come to work. “By changing the culture for the team members, you change the culture for your clients as well,” he says.
No one left behind
The two mottos the Bains have for their Sport Clips teams this year are “have fun” and “no one left behind.” Together, they ensure team members receive the attention they need, talk with them to set both family and personal goals, and reward top performers. Through these intentional actions, Todd is seeing positive impact on retention in his stores. They host dress-up days in the stores and reward team members through Sport Clips’ new THNKS recognition program, that offers gifts of coffee, movie tickets, and other items that let stylists know they’re appreciated. They also use pep rallies and special training events to equip and encourage staff as the “pros in men’s hair.”
The Bains are just one of the many examples of Sport Clips team leaders who cultivate culture, build community, and live out the Sport Clips values of “Do What’s Right, Do Your Best, and Treat Others the Way They Want to Be Treated.” If you’d like to be a part of a values-based franchise system where the culture, training, and support are key, visit our research pages here or make a request for more information today.
