Sports Clips Franchise Information
Founded in 1993, Sport Clips Haircuts is a sports-themed men’s barber shop that provides customers with a championship haircut experience at a reasonable price while watching sports on TV. With more than 1,800 locations in the US, all 50 states, and Canada, we provide more than 33 million haircuts a year and continue to expand in North America. As the first brand to specialize in men’s and boys’ haircuts, Sport Clips has become a dominant brand in the multi-million dollar salon industry that is recognized for our championship haircutting expertise.
As a franchise opportunity, Sport Clips is hard to beat. We have a long and proven track record of helping entrepreneurs achieve greater freedom, a more flexible lifestyle, and a strong foundation for the future. Our simple business model is designed to scale, offers great economics at the unit level, and provides an essential service that will not automatically cease to exist. As long as men have hair, Sport Clips will always be in demand to deliver an mvp experience.
With excellent training and support resources designed to help every franchisee succeed, Sports Clips starts you off on the right foot to open your stores, develop a positive environment for team members, and build our clientele.
- Site Selection and Third Party Financial Assistance
- Construction and assembly of stores
- Pre-opening procedures and post-opening follow-up
- Stylist Hiring Guide.
- Grand opening plans and a dedicated team to help you every step of the way
- neighborhood marketing plans
- Networking and learning opportunities at Local Leadership and National Huddles
The popularity of the Sports Clip franchise opportunity is evident in the brand’s overall ranking of 24the this year Entrepreneur Magazine List of franchises 500. This ranking is 10the year in a row Sports Clips has made it into the top 100 franchises on this prestigious annual list. The growth of newly established units has increased by 3.1% in the last three years alone.
How much does a Sports Clips franchise cost?
To open your own Sports Clips haircuts franchise, here are the financial requirements, required cash, and ongoing franchise fees associated with business ownership:
Initial Franchise Fee: $30,000 – $69,500
Initial investment: $266,300 – $439,500
Net Worth Requirement: $400,000
Cash requirement: $200,000
Veteran Incentives: 20% off Franchise Fee
Royalty fee: 6%
Ad Royalty Fee: 5%
Contract duration: 5 years
The brand does not offer direct access to financing, but does have relationships with third-party lenders that can help franchisees obtain the necessary funds to invest in a Sport Clips franchise. Specifically, these lenders offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll.
How much does a Sports Clips franchise owner make?
This is one of the most common questions, and perhaps the most important, that franchisees have when evaluating franchise opportunities. You want to know if the business you are going to invest in lives up to its promises, or put another way, if the risk will be worth the reward. Sport Clips operates in a $75 billion recession resistant industry with repeat customers. After years of success, the Sport Clips business model has proven to be a scalable investment. Sport Clips recently published our most recent Franchise Disclosure Document (FDD), which provides comprehensive details on the financial performance of our franchised stores. The FDD reports on all of our operating franchise locations for 2018, 2019 and for a minimum of 39 weeks during 2020, and we couldn’t be more proud of the results. In the US, a franchise owner typically earns between $75,000 and $125,000 a year. This is definitely a lot more than the average college graduate salary of $50,000, which is what most graduates earn in an entry-level position.
“Sport Clips is unstoppable,” says Jim Atkinson, vice president of franchise development for Sports Clips. “We have just been through an incredible event, something we only see once in a lifetime. We have shown that there is nothing we cannot overcome if we stay rooted in our culture as a brand. Our franchisees felt the impact during government mandated closures. , but our strong culture allowed us to come together to minimize the economic impact We believe and practice the art of Kaizen, always seeking continuous incremental improvement in all aspects of our operations We are better this year than we were last year, and we will be next year! There is still a long way to go, and the future is bright for Sport Clips.”
Why invest in a Sports Clips franchise?
Are you looking for a path to financial independence, a way out of the corporate world, and want to take control of your future? Investing in a Sport Clips franchise can offer a path to business ownership. As a franchise opportunity, Sport Clips is hard to beat. We have a long and proven track record of helping entrepreneurs achieve greater freedom, a more flexible lifestyle, and a strong foundation for the future. Our simple business model is designed to scale, offers great economics at the unit level, and provides an essential service that will not automatically cease to exist. As long as men have hair, the talented hair care professionals at Sport Clips will always be in demand.
One of the key franchise advantages with the Sport Clips is that you don’t have to give up your career; in fact, we insist that you keep your day job. Our business model differs from many other franchise concepts in that we encourage each team leader to work in the business and not in it. You’ll hire a Store Manager who will oversee the day-to-day operations of your store, manage your professional stylists, and deliver the Championship Haircutting Experience your customers expect and deserve.
As the owner, your role will be primarily supportive. You will be responsible for creating a family culture that enables your team to do exceptional work. By building an amazing team, you will be able to focus on growing your business, implementing marketing strategies, and taking care of administrative tasks on the back end. As a general rule of thumb, we expect our team leaders to spend 10-15 hours per week in their stores, that’s about it. In other words, owning a Sport Clips haircutting franchise is about as simple as a business can be.
The simplicity of our business model allows our team leaders to scale quickly to multi-unit ownership. We are proud that many team leaders are multi-unit operators and continue to reinvest in the brand. In fact, Sport Clips is home to several double-digit owners who have 10, 20, 30 and 40 stores open, with plans to continue expanding! Sport Clips haircuts have one of the highest franchise continuity rates in the industry. This means our team leaders stay in business, their businesses stay open, and our franchise network goes from strength to strength. As an investor exploring business opportunities, this should be important to you. Our high franchise continuity rate means we offer stability, trust and long-term growth potential.
This commitment to our culture is firmly rooted in our values. We empower everyone in our organization, from our leadership team to our team leaders, to our store managers and stylists, to have the heart of a champion. These are the values we live and breathe every day:
- you always do the right thing
- do your best
- Treat others how they want to be treated
As an owner, your most important role will be to build and develop a team. You will need to create a company culture that feels like family, that makes everyone feel appreciated. In turn, you will have a shop where the most talented stylists will want to work. Request more franchise information with Sports Clips by completing this form to learn more and start our discovery process for your own franchise location!