In the increasingly competitive franchise industry, we continue to stand apart for our commitment to a brand legacy vision.
Minneapolis, MN (PRWEB) February 09, 2012
In 2011, Great Clips added 115 new franchisees, signed 234 leases and opened nearly 200 salons. Great Clips encourages multi-unit ownership and manager-run salons. Most franchisees keep their professional jobs while building their businesses.
Two facts regarding multiple-salon ownership and financial performance per salon are these:
- The average number of salons per franchisee who has operated Great Clips salons for over 5 years is 5.1.
- Based on a sample of 1,216 salons that were open two years or more as of January 1, 2010, the reported average sales per year per unit were $306,035. The average operating cash flow for this group of salons is $54,103 per unit.
See item 19 of our FDD for more details.
Also, in 2011, Great Clips launched a new online check-in [OCI] service that has received national press and hundreds of thousands of downloads. Stores using this new technology report customers who are very happy with the immediate ability to see salon wait times and check in remotely.
According to Rob Goggins, Senior Vice President of Real Estate and Development, Great Clips, Inc., “In the increasingly competitive franchise industry, we continue to stand apart for our commitment to a brand legacy vision. This Top 10 recognition speaks volumes about our remarkable franchise team. We have over 3,000 hair salons in the United States and Canada that are focused on increasing Great Clips’ presence within the hair salon industry. We have a fundamental belief that if you provide the customer with excellent service and value, the customer will reward Great Clips with repeat visits.”
With over 3,000 salons throughout the United States and Canada, Great Clips is the world’s largest salon brand. The Company’s salons employ nearly 30,000 professionally trained stylists who receive ongoing training on advanced skills and the latest style trends.
As one franchisee, Teresa Leuppie of Tampa, FL says, “Great Clips was an Aha! Moment that changed our lives. I was at Great Clips getting my hair done a few years ago. I’d had one of those days where I just couldn’t get comfortable; I was rattled over the economy and wrestling with an exit strategy from corporate America. I tried to focus on what I could control---my future---and then it hit me. It was right in front of me; it was a Great Clips franchise. Now we’re generating income, building equity and looking forward to the freedom and security that comes from owning a proven business.”
To learn more about converting a Great Clips franchise into an investment, visit http://www.greatclipsfranchise.com/investment2.html.