Great Clips
Yes, we actively support the inclusion and development of minority-owned franchises in the Great Clips system.
Great Clips
7700 France Ave. S., # 425
Minneapolis, MN 55433
800#: (800) 999-5959
Tel: (952) 893-9088
Fax: (952) 844-3443
E-mail: franchise@greatclips.com
Web Site: www.greatclipsfranchise.com
Contact: Mr. 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: 2500
Company-Owned Units: 0
Total Units: 2500
Distribution:
> North America -- Operations in 43 States, 2 Provinces
> States/Provinces with Greatest Density: 190 in CA, 176 in OH, 164 IL
Units Owned by Minorities:
>African-American: 1
>Hispanic:
>Asian-American: 4
>Native American:
>Other: 7 Women
Average Number of Employees: 3 FT, 5 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000-1,200 SF; SF, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $150-250K
Total Investment: $98.8-184.4K
Average Total Investment: $141K
Minimum Net Worth: $250K
Fees
>Franchise: $25K
>Average Franchise Fee: $25K
>Royalty: 6%
>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
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 200
On-Going Support: A,B,C,D,E,f,G,H,I (for an explanation click here)
Training: 5 Days Minneapolis, MN; 2.5 Weeks Local Market.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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