The Time To Franchise Is Now
After two years of financial uncertainty in the U.S. the hair salon franchise system is ready to go. Indeed, according to Forbes magazine, 2022 has been dubbed “The Year of the Franchise.”
“The last 18 to 24 months of the pandemic have been challenging for many businesses, but data shows the franchise industry is thriving,” Forbes reported. “After nearly two years of economic uncertainty, more and more people are following their entrepreneurial dreams and taking control of their destiny through business ownership.”
Franchising is proving to be the preferred option for so many aspiring entrepreneurs who want to run their own business, and it’s not hard to see why. Franchising holds less of a risk than starting a business from scratch. You will know the range of how much it’s going to cost to start operating your first store and there’s a tried and true business model in place that’s easy to follow. You also benefit from all the brand recognition and backing support of a franchisor. As we head into the second half of 2022, the franchise system is without a doubt a best bet investment for motivated and energetic candidates who want to run their own business.
Why the Hair Salon Franchise Industry?
The hair salon industry has seen an incredible recovery since businesses started to reopen after the pandemic. Clearly, customers are eager to get back into salons and barbershops. According to one industry study, nearly 80% of consumers said that regular salon and spa services are critical to regain a sense of normalcy as the world reopens.
And we’re seeing this translate into revenues. According to IBIS World, for instance, the hair salon industry generated nearly $40 billion in the U.S. in 2021. A separate study from Trafft projected the market could hit $87 billion by 2023.
“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 as we head into 2022.”
How Much Do You Need to Start?
Sport Clips is a low cost investment with the potential for high returns, with initial investment costs ranging from $266,300-$439,500 for one store. This includes everything you need to get started – initial franchise fee, costs of build out, marketing expenses, and six months of working capital. You also have access to our proven business model and all the training and support you need to run a SportClips franchise.
Sport Clips now boasts more than 1,800 locations, with hundreds of entrepreneurs thriving. After surviving shutdowns and capacity restrictions, Sport Clips has rebounded, with some of the best years for revenues on record. We’re only positioned for more growth as the world reopens.
Recurring Revenue Stream
One of the most important aspects of a successful hair salon is repeat, loyal customers. At Sport Clips, we make a point to build relationships with our customers, through pairing them with the right stylist, taking an interest in their life during service, offering rewards programs, and making sure to schedule their next appointment when their haircut is done. This way we make sure every customer feels like they made a connection and are sure to come back for more.
Can’t Be Outsourced
In business, there are few services that just can’t be outsourced or replaced by true, in-person quality service, and hair care is atop the list. There’s simply no alternative for getting your hair cut than visiting your local salon and having that face-to-face interaction with stylists we all know and love. That’s why investing in an industry that won’t be going away anytime soon is a best bet investment opportunity for aspiring entrepreneurs.
Easy To Scale
The Sport Clips business model is also an easy franchise to grow, and opening your second or third unit is incredibly attainable with our proven business plan. Our platform provides a way for our Team Leaders to manage multi-units, making it easy for our Team Leaders to scale their business. In fact, Sport Clips is home to several double-digit owners who have 10 to 40 stores open.
“Sport Clips was designed from day one to be a multi-unit opportunity,” says Jim Atkinson, Vice President of Franchise Development. “This was never set up to be an individual unit where someone buys a job for the rest of their lives. Our business model is very simple: we cut hair. We built our business model to scale, and we have all the resources to scale quickly and effectively. We know when you should add resources and when to build additional infrastructure. Whether you want to scale up to three stores, five stores, 10 stores, or beyond, we have a plan that can help you get there.”
Ready To Learn More about Investing in a Hair Salon Franchise?
With the franchise system on fire, and hair salons making an unprecedented comeback, now is an amazing time to invest in a Sport Clips franchise. We offer a low cost investment with the potential for high returns, all with a proven business model that has launched hundreds of entrepreneurs into business ownership.
To learn more, visit our research pages here. To start a conversation with our franchise team, fill out our form here and we’ll be in touch with our complimentary franchise information report.