Answers to Sport Clips franchise FAQs
Below are answers to Sport Clips franchise FAQs. Don’t see your question? Have additional questions? Or do you want to explore anything in greater detail? Simply fill out the inquiry form and a member of our team will be in touch with you shortly.
What is a Sport Clips franchise?
Sport Clips is the dominant men’s hair salon franchise in the nation. Founded in 1993, Sport Clips has grown to over 1,800 locations – which is more than 25 years of strategic growth that shows no sign of slowing down. In that time, we’ve done over $4 billion dollars in hair cut sales and have helped hundreds of entrepreneurs thrive in a business that is built to scale. In 2021, Sport Clips is stronger than ever before. We’ve proven that our brand can bounce back from anything and can continue to grow despite any challenge. With plenty of room for growth, Sport Clips is actively looking for passionate, driven entrepreneurs who are ready to win in business.
How much does it cost?
The total investment to open your first store ranges from $246,300 – $394,500. This includes your initial franchise fee, the build-out costs, the costs of your grand opening, and six months of working capital.
What are the financial requirements to ownership?
We require you have a minimum of $200,000 liquid assets (cash and marketable securities) and $400,000 net worth. This requirement may be higher if construction costs are higher than normal in certain areas or if a candidate wants to sign up for more than three licenses.
How much is the franchise fee?
The franchise fee for your first three licenses is $59,500. We require all new franchisees to buy a minimum of three licenses, except for special circumstances (please see the question below to learn more.) The franchise fee for each additional license is $12,500.
Can I buy a single store?
Except under unique circumstances, investors are required to buy a minimum of three licenses. If your market will not hold three Sport Clips locations, we may waive the requirement if it makes sense to do so. We also offer exceptions to qualified veterans to develop a single store and we offer opportunities for store managers to become a Team Leader of a single store.
Do you offer direct financing?
No. While we don’t offer direct access to financing, we do have relationships with third-party lenders who can help you secure the funds you need to open your new business.
Is there a discount for veterans?
Yes! We believe that veterans make exceptional entrepreneurs – in fact, Sport Clips was founded by a veteran. To help you launch your dreams of business ownership, we proudly offer 20% off of our initial franchise fee to all qualified veterans. We thank you for your service!
Can I be an absentee owner?
Sport Clips is a manager model. This means you will hire a store manager who will manage the stores for you. The manager will spend time on the cutting floor as a stylist and assist in the operation of the store. As a Team Leader, you are responsible for the manager and will be expected to spend an average of 10-15 hours a week working on your business and performing tasks such as local marketing, bookkeeping, recruiting, hiring, payroll, and store visits.
How do you define territory?
Your initial agreement will include an area of preference in which you will build your stores. You will establish this territory with our franchise development representative.
Do I have to live near my stores?
A Team Leader is required to live within an hour’s drive-radius of their first location.
How big is a store?
A typical location ranges between 1,000 and 1,400 square feet and houses six-to-ten chairs.
Can you help me find the right location?
Yes. We have a dedicated real estate team to help you find the right location. The site location has to be approved by you, then approved by our executive team. Our real estate team will scout locations based upon the territory you establish with our development professional. You will have the option to accept or pass on any proposed location.
Do you provide training & support?
Yes! Sport Clips has one of the most robust training & ongoing support platforms in the franchise industry. We will help master every aspect of the Team Leader’s role, and in addition to Team Leader, we offer ongoing training and support for your store manager and your stylists. With Sport Clips, we leave nothing to chance.
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!