Great Clips FDD – Franchise Information, Costs and Fees
Type of Business
A franchised GREAT CLIPS® Salon offers a required line of haircare services and products from a designated location, customarily in a shopping center, identified by trademarks licensed by the franchisor and using distinctive trade dress and business methods prescribed by Great Clips.
Great Clips Inc. is a Minnesota corporation that was incorporated on July 12, 1982. Great Clips’ principal business office is 4400 West 78th Street, Suite 700, Minneapolis, MN 55435. Great Clips opened its first GREAT CLIPS® salon in 1982 and began franchising in 1983.
The total investment necessary to begin operation of a Great Clips franchise is from $178,400 to $376,900. This includes $60,100-$80,000 that must be paid to Great Clips or an affiliate for a single franchise agreement, and $75,100-$95,000 that must be paid to Great Clips or an affiliate for the first salon you develop under a Three Star Program Agreement. If you sign a Master Development Agreement, you also must pay to Great Clips or an affiliate a Development Fee of $4,000 for each salon you agree to develop, which would amount to $8,000 to $40,000 if you were granted the right to develop between two and 10 salons.