Sports Clips franchise information
Established in 1993, Sport Clips Haircuts is a sports-themed men’s hair salon that offers clients a masterful haircut experience at a reasonable price while watching sports on TV. With more than 1,800 locations across the United States – in all 50 states – and Canada, we offer more than 33 million haircuts annually and continue to expand throughout North America. As the first brand to specialize in haircuts for men and boys, Sport Clips has become a dominant brand in the multi-billion dollar hair salon industry known for our Championship Haircut Experience.
As a franchise opportunity, Sport Clips is hard to beat. We have a long track record of helping entrepreneurs achieve more freedom, a more flexible lifestyle and a solid foundation for the future. Our no-nonsense business model is scalable, offers tremendous unit-level economics, and provides an essential service that is not automated. As long as men have hair, sport clips will always be in demand to provide an MVP experience.
With outstanding training and support resources designed to help every franchisee succeed, Sports Clips puts you on the right foot to open your stores, create a positive environment for team members and grow our customer base.
- Site selection and assistance with third party financing
- Shopfitting and furnishing
- Pre-opening procedures and post-opening follow-up
- Stylist Recruitment Guide
- Big opening plans and a dedicated team to support you every step of the way
- Neighborhood Marketing Plans
- Networking and learning opportunities at local tours and national huddles
The popularity of the Sports Clip franchise opportunity is evident in the brand’s overall ranking of 24th at this year’s Entrepreneur Magazine Franchise 500 List. This ranking is 10th For consecutive years, Sports Clips has landed in the top 100 franchises on this prestigious annual list. In the last three years alone, the growth of the newly founded units increased by 3.1%.
How much does a Sports Clips franchise cost?
To start your own Sports Clips Haircuts franchise, here are the financial requirements, cash required, and ongoing franchise fees associated with the business owner:
Initial franchise fee: $30,000 – $69,500
Initial investment: $266,300 – $439,500
Net worth requirement: $400,000
Cash requirement: $200,000
Veteran Incentives: 20% discount on franchise fee
Advertising license fee: 5%
Contract term: 5 years
The brand does not offer direct access to financing, but does have relationships with third-party lenders who can help franchisees secure the funds necessary to invest in a Sport Clips franchise. Specifically, these lenders offer financing to cover: franchise fee, start-up costs, equipment, inventory, receivables, and payroll.
How Much Does a Sports Clips Franchisee Make?
This is one of the most common—and perhaps most important—questions franchisees have when evaluating franchise opportunities. You want to know if the company you’re investing in delivers what it says on the tin – in other words, if the risk is worth the reward. Sport Clips operates in a recession-resistant $75 billion industry with regular customers. After years of success, the Sport Clips business model has proven to be a scalable investment. Sport Clips recently released our latest Franchise Disclosure Document (FDD) which takes a comprehensive look at the financial performance of our franchise stores. The FDD reports on all of our franchise locations that were operational in 2018, 2019 and for at least 39 weeks in 2020 – and we couldn’t be prouder of the results. In the US, a franchisee typically earns $75,000 to $125,000 per year. This is definitely a lot more than the average $50,000 graduate salary that most graduates earn in an entry-level position.
“Sport Clips is unstoppable,” said Jim Atkinson, vice president of franchise development at Sports Clips. “We have just witnessed an incredible event – something we only experience once in a lifetime. We’ve shown that if we stay rooted in our culture as a brand, there’s nothing we can’t get through. Our franchisees have felt the impact of the government-mandated shutdowns, but our strong culture allowed us to pull together to minimize the economic impact. We believe in and practice the art of Kaizen and always strive for continuous incremental improvement in all aspects of our business. We are better this year than we were last year and we will be better next year! There is still a lot of runway left and the future for Sport Clips is bright.”
Why invest in a Sports Clips franchise?
If you are looking for a path to financial independence, a way out of the corporate world and want to take charge of your future? Investing in a Sport Clips franchise can open a path to business ownership. As a franchise opportunity, Sport Clips is hard to beat. We have a long track record of helping entrepreneurs achieve more freedom, a more flexible lifestyle and a solid foundation for the future. Our no-nonsense business model is scalable, offers tremendous unit-level economics, and provides an essential service that is not automated. As long as men have hair, the talented hair care professionals at Sport Clips will always be in demand.
One of the main advantages of franchising with Sport Clips is that you don’t have to give up your career – in fact, we insist that you keep your job. Our business model differs from many other franchise concepts in that we encourage every team leader to work on the business, not the business. You hire a Store Manager to oversee the day-to-day operations of your store, direct your professional stylists, and provide your clients with the masterful haircut experience they expect and deserve.
As the owner, your role is primarily supportive. You are responsible for creating a family-like culture that empowers your team to do exceptional work. Developing an incredible team allows you to focus on growing your business, executing marketing strategies and backend administrative tasks. Typically, we expect our team leaders to devote around 10-15 hours per week to their stores – that’s it. In other words, owning a Sport Clips haircut franchise is about as easy as it gets for a business.
The simplicity of our business model allows our team leaders to quickly scale to multiple entity ownership. We are proud that so many team leaders are multi-unit operators and continue to invest in the brand. In fact, Sport Clips is home to several double-digit owners who have opened 10, 20, 30 and 40 stores – with plans to keep expanding! Sport Clips Haircuts has one of the highest franchise continuity rates in the industry. This means our team leaders stay in their stores, their stores stay open and our franchise network keeps growing. As an investor exploring business opportunities, this should be important to you. Our high franchise continuity rate means we offer stability, trust and potential for long-term growth.
This commitment to our culture is firmly anchored in our values. We empower everyone in our business, from our leadership team, to our team leaders, to our store managers and stylists, to have a champion’s heart. These are the values we live and breathe every day:
- Always do the right thing
- Give your best
- Treat others the way they would like to be treated
As an owner, your most important role is to build and develop a team. You need to create a company culture that feels like family and makes everyone feel valued. In turn, you have a business where the most talented stylists want to work. Request more information about franchising with Sports Clips by filling out this form to learn more and begin our discovery process for your own franchise location!