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Snip N' Clip Haircut Shops
Family haircut shops. Fast service, low price, no appointments. Strip mall shopping centers. Least expensive corporate turnkey.
Franchisor Background
Year Established: 1976Franchising Since: 1986
Operating Units: Franchised Units: 23 36.5% Company-Owned Units: 40 63.5% ______ _____ Total Operating Units: 63 100% Geographic Distribution: U.S.: 63 100% In 12 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 63 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Kansas 38 2. Missouri 28 3. Arkansas 9
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia Financial Requirements
Investment: Minimum Net Worth: $100K Cash Investment: $60K Total Investment: $70-82K Average Total Investment: $75K Fees: Initial Franchise Fee: $10K Average Franchise Fee: $10K On-Going Royalty: 5% Average Royalty: 5% Advertising Fee: 0%
Average Number of Employees: 4 Full-time, 2 Part-timeSpace Needs (in square footage): 1,000Preferred Sites: Storefront, Strip CenterOther Sites: Encourage Conversions? Not ApplicableEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: No Canadian Franchise Association: No Franchisee Association/Member: Yes, Member Size of Corporate Staff: 10 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? Yes, Direct Marketing Support: Co-Op Advertising: No National Advertising: No Regional Advertising: No Local Advertising: No Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: None Specified On-Going Support: Central Data Processing: Not Applicable Central Purchasing: Not Applicable Field Operation Evaluation: Included in Fees Field Training: Included in Fees Initial Store Opening: Included in Fees Inventory Control: Not Applicable Franchisee Newsletter: Included in Fees Regional or National Meetings: Included in Fees 800 Telephone Hotline: Included in Fees Training: 1. On-Site 5 Days
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 4 General Business Experience: 3 Specific Industry Experience: 1 Formal Education: 3 Psychological Profile: N/A Personal Interview(s): 4
Minority Representation
Units Owned by Minorities: African-American: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: N/A
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: Year(s) Passive Ownership: Allowed Area Development Agreements? No Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 7
U.S.: Yes, Midwest, West, Southwest Canada: No Overseas: No
