HomeHow ToHow to Start a Sports Clip Franchise in 2022
How to Start a Sports Clip Franchise in 2022
September 23, 2022
Sports Clips Franchise Information
Founded in 1993, Sport Clips Haircuts is a sports-themed men’s hair salon offering customers a championship haircut experience at a reasonable price while watching sports on TV. With over 1,800 locations in the United States – all 50 states – and Canada, we provide over 33 million haircuts annually and continue to grow in North America. As the first brand specializing in haircuts for men and boys, Sport Clips has become a dominant brand in the multi-billion dollar barbershop industry, renowned for our championship haircut experience.
As a franchise opportunity, Sport Clips is hard to beat. We have a long, proven track record of helping entrepreneurs achieve greater freedom, a more flexible lifestyle, and a solid foundation for the future. Our simple business model is designed to scale, delivers huge economic benefits at the unit level, and provides an essential service that will not be automated. As long as men have hair, Sport Clips will always be in demand to deliver an mvp experience.
With great training and support resources designed to help every franchisee succeed, Sports Clips puts you on the right foot to open your stores, develop a positive environment for team members, and grow our customer base.
Site selection and third-party financing assistance
Construction and layout of the store
Pre-opening procedures and post-opening follow-up
Stylist Recruitment Tips
Inauguration plans and a dedicated team to assist you every step of the way
Neighborhood Marketing Plans
Networking and learning opportunities in local leaderships and national gatherings
The popularity of the Sports Clip franchise opportunity is evident in the overall brand ranking of 24e on this year Entrepreneur magazine List of 500 franchises. This ranking is the 10e consecutive year that Sports Clips landed in the top 100 franchises of this prestigious annual list. The growth of newly created units is 3.1% over the past three years alone.
How much does a Sports Clips franchise cost?
To open your own Sports Clips Haircuts franchise, here are the financial requirements, necessary cash flow, and ongoing franchise fees associated with owning a business:
Initial franchise fee: $30,000 – $69,500
Initial investment: $266,300 – $439,500
Net worth required: $400,000
Cash requirement: $200,000
Veteran Incentives: 20% Franchise Fee Discount
Advertising fee: 5%
Duration of the contract: 5 years
The brand does not offer direct access to financing, but it does have relationships with third-party lenders who can help franchisees obtain the funds needed to invest in a Sport Clips franchise. Specifically, these lenders offer financing to cover the following: franchise fees, start-up costs, equipment, inventory, accounts receivable and payroll.
How Much Does a Sports Clips Franchise Owner Make?
This is one of the most common – and perhaps most important – questions franchisees ask when evaluating franchise opportunities. You want to know if the company you are going to invest in keeps its promises or, to put it another way, if the risk is worth it. Sport Clips operates in a $75 billion recession-proof industry with repeat customers. After years of success, the Sport Clips business model has proven to be a scalable investment. Sport Clips recently released our most recent Franchise Disclosure Document (FDD), which details the financial performance of our franchise stores. The FDD reports on all of our franchises in operation in 2018, 2019 and for at least 39 weeks in 2020 – and we couldn’t be more proud of the results. In the United States, a franchise owner typically earns between $75,000 and $125,000 per year. That’s certainly a lot more than the average college graduate salary of $50,000, which is what most graduates earn in an entry-level position.
“Sport Clips is unstoppable,” says Jim Atkinson, Vice President of Franchise Development at Sports Clips. “We have just experienced an incredible event – something we only see once in a lifetime. We have shown that there is nothing we cannot go through if we stay grounded in our culture as brand. Our franchisees have felt the impact during the government imposed closures, but our strong culture has allowed us to come together to minimize the economic impact. We believe in and practice the art of Kaizen, always seeking to continuous incremental improvement in all aspects of our operations. We are better this year than we were last year, and we will be better next year! There is still a long way to go, and the future lies ahead radiant for Sport Clips.
Why invest in a Sports Clips franchise?
Looking for a path to financial independence, a way out of the corporate world, and want to take control of your future? Investing in a Sport Clips franchise can pave the way to business ownership. As a franchise opportunity, Sport Clips is hard to beat. We have a long, proven track record of helping entrepreneurs achieve greater freedom, a more flexible lifestyle, and a solid foundation for the future. Our simple business model is designed to scale, delivers huge economic benefits at the unit level, and provides an essential service that will not be automated. As long as men have hair, the talented hair professionals at Sport Clips will always be in demand.
One of the biggest benefits of being a franchise with Sport Clips is that you don’t have to quit your career – in fact, we insist you keep your day job. Our business model is different from many other franchise concepts in that we encourage each team leader to work on, not in the business. You’ll hire a Store Manager who will oversee the day-to-day operations of your store, manage your professional stylists, and deliver the Championship Haircut experience your customers expect and deserve.
As an owner, your role will be primarily a support role. You will be responsible for creating a family culture that enables your team to do exceptional work. By building an amazing team, you can focus on growing your business, implementing marketing strategies, and taking care of back-end administrative tasks. Typically, we expect our Team Leaders to spend around 10-15 hours per week in their stores – that’s it. In other words, owning a Sport Clips Haircuts franchise is as easy as a business can be.
The simplicity of our business model allows our team leaders to quickly scale to multiple unit ownership. We are proud that so many team leaders are multi-unit operators and continue to reinvest 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 continue to expand! Sport Clips haircuts have one of the highest franchise retention rates in the industry. This means our team leaders are staying in their businesses, their businesses are staying open, and our franchise network is getting stronger and stronger. As an investor looking for trading opportunities, this should be of interest to you. Our high franchise continuity rate means we offer stability, confidence and long-term growth potential.
This commitment to our culture is firmly rooted in our values. We empower everyone in our organization, from our leadership team and 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
Do your best
Treat others as they want to be treated
As an owner, your most essential role will be to build and develop a team. You will need to create a corporate culture that feels like a family, that makes everyone feel appreciated. In turn, you will have a store where the most talented stylists will want to work. Request more franchise information with Sports Clips by filling out this form to learn more and begin our discovery process for your own franchise location!