How to Buy a Great Clips Franchise

Buy a Great Clips franchise and join a company that has featured manager-run stores and a multiple-location strategy since 1982. The Great Clips franchise has proved to be recession-resistant with a 25-year positive track record being a top contender in the $55 billion hair care industry. In a few steps, you can join the winning team of others who own Great Clips franchises.

Instructions

Difficulty: Moderately Challenging

1. Visit the Great Clips Franchise website to conduct research to see if owning a Great Clips franchise will work for you. Review the history of Great Clips and learn about the support that will be offered for your franchise.
2. Review the start-up requirements listed on the Great Clips Franchise website and determine if you meet the requirements. The total amount of money needed to start a Great Clips franchise is $106,900 to $172,700.
3. Check market availability for a Great Clips franchise by selecting an area of the United States or Canada. Use the online map to easily view the open markets, developed markets and unopened markets.
4. Fill out the short online application to request more information about owning a Great Clips franchise. Provide your contact information and basic financial information in order to receive the information packet.
5. Attend an optional Discovery Day where you can speak with a Development Manager and tour the Great Clips facility.
6. Receive and read the Uniform Franchise Offering Circular and sample Earnings Claim for other Great Clips franchise owners.
7. Sign the franchise agreement and begin making plans to secure your site and recruit staff.

Tips & Warnings

• Entrepreneur Magazine ranked Great Clips as one of the "Top 20 Fastest Growing Franchises in 2006."
• Franchise fees include the initial franchisee fee, continuing royalty payments, advertising fees and other expenses outlined by the franchise agreement.
• The franchise agreement will outline what type of control you, as the franchisee, have over certain decisions.
• Before signing a franchise agreement, consult a lawyer and accountant who will help you understand the risks involved with buying a franchise.
• Always investigate a franchisor thoroughly before signing any type of agreement with them.