Personal Services
Great Clips
The largest hair salon franchise in North America, offering no-appointment haircuts.
Business overview
Great Clips has over 4,400 salons in its system, making it a dominant haircare franchise. The initial investment to open a Great Clips salon is roughly $137,000 to $259,000. The franchise fee is about $20,000 (discounted for multiple units). Franchisees should have a net worth of $300,000–$500,000 and liquid capital around $50,000–$100,000. Great Clips charges a 6% royalty and a 5% advertising fund fee on gross sales. Salons are typically located in strip centers and do not require appointments, which along with strong national advertising makes the brand very convenient and well-known to customers.
Research factors
Detailed questionnaire data has not yet been independently reviewed for this franchise.