Fantastic Sams Franchise
Thursday, May 13, 2010 at 10:02AM Haircare
Join a Franchise that:
* Is Recession Resistant
* Is A Leader in its Category
* Does not require previous experience
* Has a low investment
* Offers Single & Multi-Unit Development Opportunities
Owning a Fantastic Sams Hair Salon franchise is a great investment because:
* The hair care business is large, growing, recession resistant and immune to technology or other competitive forces. Hair is always growing and the demand for more services and personal attention by today's consumer creates a great opportunity for the right hair salon business model. The American Salon's Green Book, the bible of the salon business, cites numerous hair care business trends that greatly favor the Fantastic Sams hair salon franchise model
* As a leading hair salon franchise, we have been featured in some of the top industry and business publications
o Entrepreneur Magazine – Franchise 500 - #1 Full Service Hair Salon Franchise; #52 overall
o Franchise Times - #54 of Top 200 Franchises
o Black Enterprise – Top Franchises for African Americans
o Hispanic Enterprise – Top Franchises for Hispanics
o USA Today – Top Franchises for Minorities
* You don't need to have any previous experience in the Hair Salon Business. Whether you are interested in developing single or multiple salons, as an owner of a Fantastic Sams Hair Salon Franchise, each day you'll work on your business, not in your business. Using your skills in marketing, employee relations, and business management, you dictate the success of your salon or salons.
* In the hair care business, Fantastic Sams fills a large niche that no one else is exploiting – the full-service salon at reasonable prices. And with a low initial investment, owning a Fantastic Sams Hair Salon Franchise is a great business decision.
Start-up Costs & Franchises Fees
What is the total cost to open a Fantastic Sams Franchises?
Total Cost: $115,000 USD -$228,600
Total Franchise Fees: $25,000 USD -$35,000 USD
Ongoing Royalty Fees: varies by region
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: Varies
Contact Information for Fantastic Sams
|
Fantastic Sams |
Phone Number: (978)232-5600 |
Fantastic Sams In the Press
No results at this time.Historical Expansion
In what year did Fantastic Sams begin operations? 1974
When did Fantastic Sams begin selling franchises? 1976
Year United States Canada International Corporate 2008 1335 12 0 0 2007 1378 12 0 0 2006 1365 12 15 0 2005 1310 10 19 0 2004 1293 13 18 0 2003 1285 16 19 0 2002 1250 16 47 2 2001 1231 16 84 5
Future Expansion
United States: Nationwide
Canada: Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): the SBA, Siegel Capital LLC
Training & Support
Training
Available in MA & CA: 1 week salon
fundamentals
At regional office: ongoing
Support
In the Pressletter, Meetings, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
50% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 8
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes