A breakdown of the Sport Clips costs & fees associated with ownership
Sport Clips is one of the fastest growing men’s hair salon franchises in the nation. Sport Clips is a straightforward business to open, with startup costs below those of other men’s hair salon franchises. Keep reading for the Sport Clips costs & fees.
The total investment to open a new Sport Clips franchise ranges $266,300 – $439,500, making Sport Clips a lower cost investment with the potential for high returns. The total investment includes everything you need to get started, including your initial franchise fee, the costs of build out, Grand Opening marketing expenses, and six months of working capital to ensure your business gets off to a good start.
Sport Clips also requires Team Leader to purchase three licenses to franchise with us. This ensures your business will be able to continue to grow, capitalize on brand recognition, and develop your existing territory. We do make exceptions for territories where multi-unit expansion is not possible, as well as for qualified veterans and store managers who want to become Team Leaders.
What do I get for my franchise fee?
The franchise fee for your first three licenses is $69,500, and the franchise fee for each additional license is $15,000. Your franchise fee gives you access to our proven business model and one of the most comprehensive training & ongoing support platforms in the entire industry, as well as all the tools, resources, and coaching you need to thrive. At Sport Clips, we leave nothing to chance.
Do you offer direct access to financing?
While we do not offer direct access to financing, we do have relationships with third-party lenders who can help you secure the funds necessary to invest in a Sport Clips franchise.
Do you offer a discount to veterans?
Yes! We proudly offer 20% off the initial franchise fee to all qualified military veterans. We thank you for your service!
View our item 7 from our most recent franchise disclosure document, which breaks down our costs & fees:
|TYPE OF EXPENDITURE||AMOUNT||METHOD OF PAYMENT||WHEN DUE||TO WHOM PAYMENT IS MADE|
|Initial Franchise Fee||$30,000-$69,500||Lump Sum||Prior to Execution of Franchise Agreement||The Company|
|Travel and living expenses while attending initial training||$1,000-$2,000||As Incurred||During Initial Training||Airlines, Hotels, and Restaurants|
|Real Estate||(Note 3)|
|Opening Inventory||$4,000-$6,000 (Note 4)||Lump Sum||Prior to Opening||Suppliers|
|Fixtures and Equipment (including computer equipment)||$58,000-$68,000||Lump Sum||Prior to Opening||Contractors and/or Suppliers|
|Leasehold Improvements||$90,000-$150,000||Lump Sum||Prior to Opening||Contractors and/or Suppliers|
|Supplemental Services Fee||$3,000-$5,000 (Note 7)||Lump Sum||Prior to Opening||The Company|
|Professional Fees||$1,000-$5,000 (Note 8)||As Incurred||Prior to Opening||Suppliers|
|Permits and Licenses||$1,000-$3,500||As Incurred||Prior to Opening||Local and State Agencies|
|Lease Deposit||$0-$10,000||Lump Sum||Prior to Opening||Landlord|
|Signage||$4,000-$8,000 (Note 9)||Lump Sum||Prior to Opening||Suppliers|
|Miscellaneous Opening Costs||$3,000-$5,000 (Note 10)||As Incurred||As Incurred||Suppliers, Utilities, etc.|
|Insurance||$1,300-$2,500 (Note 11)||Lump Sum||Prior to Opening||Insurance Company|
|Grand Opening Advertising||$30,000 (Note 12)||Lump Sum||Prior to Opening||The Company|
|Additional Funds - 6 months||$40,000-$75,000 (Note 13)||As Incurred||As Needed||Employees, Creditors and/or Suppliers|
Now Is the Time to Invest in Sport Clips
With over 1,800 locations open or in development, Sport Clips has helped hundreds of entrepreneurs thrive.
Ready to learn more about the Sport Clips franchise opportunity?
Fill out an inquiry form on this website and start a conversation. We can’t wait to learn more about you!