Sport Clips Named a Top Franchise Opportunity by Forbes
Sport Clips Haircuts, the leading boys’ and men's hair service provider in the nation, has been included on the Forbes Top 10 "Best Franchise to Buy" list for the third year in the row. The June issue features the worst and best franchises in America, with rankings separated by investment level category.
The ranking is determined by research from FRANdata, a franchise-centered advisory and research firm. Forbes put Sports Clips at number six in the $150,000 to $500,000 investment category, up a spot from last year's entry at number 7. FRANdata evaluated each franchise business according to continuity, five-year growth rates and the cost of entry.
Brand CEO and Founder Gordon Logan spoke of the pride the franchise business felt at being labeled as a top franchise opportunity and being included in the Forbes list for another year. With more than 1,500 open stores and only five closings since 2010, the haircuts for men brand is looking stronger than ever. Logan predicts this success streak will continue because the company is committed to proving the highest level of service and support to both its franchisees and clients.
Established back in 1993, Sports Clips Haircuts is a sports-themed franchise that specializes in hair-cutting services for boys and men. The brand has received several accolades, including a "Fastest-Growing" franchise designation from Entrepreneur Magazine.
There are more than 1,500 locations across Canada and the US, but there are many markets still available, including Los Angeles, California; Hartford, Connecticut; and the Washington, D.C. area. To qualify for a franchise, applicants must have a net worth of at least $400,000, liquid assets of $200,000 or more, and a credit score of 680 or higher. The franchisee fee is $59,500 for three licenses, with the total investment ranging from $183,300 to $351,500 for the first location.
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