Snip-its
- The Snip-its Franchise Company, LLC
6409 City West Parkway # 205-A
Eden Prairie, MN 55344
-
(877) 764-7487
/
(952) 288-2222
- (952) 288-2235 (Fax)
Snip-its has changed the dynamic of children's haircare by turning what has traditionally been considered a mundane and often unpleasant experience into a fun-filled adventure. The Snip-its custom interior features an original cast of cartoon characters, interactive computer play stations, the Magic Box, and a complete line of haircare products formulated just for kids. These, along with our proprietary point of sale, proven marketing system, and specially trained stylists represent one of the most innovative franchise opportunities available. With more than 65 locations nationwide, Snip-its' franchise program is a unique franchise opportunity with great earning potential.
Franchisor Background
Year Established: 1995
Franchising Since: 2003
Operating Units
| Franchised Units |
64 |
98.5% |
| Company-Owned Units |
1 |
1.5% |
| Total Operating Units |
65 |
100% |
Geographic Distribution
| USA |
65 |
100.0% |
In 25 States
|
| Canada |
0 |
0.0% |
In 0 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
65 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
| Density |
Units |
| Texas |
13 |
| Massachusetts |
10 |
| New York |
4 |
Registered in the following Registration States
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Virginia, Washington, Wisconsin, District of Columbia, Alberta
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Support and Training
General Information
| IFA Member |
Yes |
| CFA Member |
No |
| Franchisee Association? |
No |
| Size of Corporate Staff |
9 |
Site Selection
Assistance |
Yes |
| Lease Negotiation Assistance |
Yes |
| Financial Assistance |
No |
Marketing Support
| Co-Op Advertising |
Yes |
| National Advertising |
No |
| Regional Advertising |
No |
| Local Advertising |
Yes |
| Other Marketing Support |
Social Media and Mobile Media, PPC and SEO, Grand Opening, Public Relations, National Spokesperson, Community Fundraising, Charitable Support, Grass Roots Marketing Programs, and Localized Support. |
Ongoing Support
| Central Data Processing |
Yes, at additional cost |
| Central Purchasing |
Included |
| Field Operation Evaluation |
Included |
| Field Training |
Included |
| Initial Store Opening |
Included |
| Inventory Control |
Included |
| Franchisee Newsletter |
Included |
| Regional or National Meetings |
Yes, at additional cost |
| 800 Telephone Hotline |
N/A |
Training
| On-Site |
1 Week |
| Minneapolis, MN |
1 Week |
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Financial Requirements
Investment
| Minimum Net Worth |
$500K |
| Cash Investment |
$100K |
| Total Investment |
$120.3 - 255.4K |
| Average Total Investment |
$188K |
Fees
| Initial Franchise Fee |
$25K |
| Average Franchise Fee |
$50K |
| On-Going Royalty |
6% |
| Average Royalty |
6% |
| Advertising Fee |
2% |
Site Information and Requirements
| Average Number of Full-Time Employees |
8 |
| Average Number of Part-Time Employees |
2 |
| Space Needs (in square feet) |
1200
|
| Preferred Site Types |
N/A
|
| Encourages Conversions |
No |
| Item 19 (Earnings Claim) Provided? |
Yes |
| Listed in the SBA Registry? |
Yes |
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Franchisee Qualifications
| Financial Net Worth |
5 |
| General Business Experience |
5 |
| Specific Industry Experience |
1 |
| Formal Education |
4 |
| Psychological Profile |
2 |
| Personal Interviews |
5 |
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Terms of Contract
| Term of Initial Contract |
10 |
| Term of Renewal Period |
5 |
| Passive Ownership? |
Allowed |
Area Development
Agreements? |
Yes, for 0 years
|
Sub-Franchisor
Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? |
No |
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Expansion Plans
| Projected New Units Over Next 12 Months |
12 |
| USA |
Yes, East Coast and Southwest |
| Canada |
No |
| Overseas |
No |
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