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Great Clips
7700 France Ave. S., # 425
Minneapolis, MN 55433
800#: (800) 999-5959
Tel: (952) 893-9088
Fax: (952) 844-3443
E-Mail: [email protected]
Web Site: www.greatclipsfranchise.com
Contact: Steve Gemlo, Director of Development
High-volume haircutting salon, specializing in haircuts for the entire family. Unique, attractive decor, with quality, comprehensive advertising programs. Strong, local support to franchisees, excellent training programs. Tremendous growth opportunities.
Franchisor Background
Established: 1982
First Franchise: 1983
Franchise Units: 2,500
Company-Owned Units: 0
Total Units: 2,500
Distribution:
U.S. -- 2400;
Canada -- 100;
International -- 0
-North America -- Operations in 43 States, 2 Provinces
-States/Provinces with Greatest Density: 190 in CA, 176 in OH, 164 IL
Projected New Units Over Next 12 months: 200
Franchisee Qualifications: 5, 4, 1, 3, 3, 5
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MD,MI,MN,NY,ND,OR,SD,VA,WA,WI,DC,AB (Click here for an explanation)
Average Number of Employees: 3 FT, 5 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000-1,200 SF; SF, SC
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $150-250K
Total Investment: $98.8-184.4K
Average Total Investment: $141.6K
Minimum Net Worth: $250K
Fees:
-Franchise: $25K
-Average Franchise Fee: $25.0K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 5%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/5/5
Passive Ownership: Allowed
Area Development Agreements: Yes
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 200
On-Going Support: A,B,C,D,E,f,G,H,I (Click here for an explanation)
Training: 5 Days Minneapolis, MN; 2.5 Weeks Local Market.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: Western Canada
Overseas: No
Note: NR = No Response by Franchisor.
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