Great Clips, one of the largest franchises in the U.S. came in at number 37 in Entrepreneur’s 2015 Franchise 500 list and franchise experts are impressed.
Great Clips, the world’s largest salon brand, continues to pull top rankings again in this year’s Entrepreneur’s 2015 Franchise 500 list, coming in at an impressive number 37.
One of the largest and fastest growing franchising businesses, Great Clips has more than 3,600 salons and 1,200 franchisees across the U.S. and Canada.
Derek Cafferata, CEO of All State Franchise Finders, believes Great Clips is a solid investment choice for the keen entrepreneur who is looking to grow a strong business foundation. “The average Great Clip franchisee owns five to six locations after the first five years. And their business model is so sound and solid that many don’t usually have any salon experience when they first join the franchise group,” said Derek.
All State Franchise Finders are the franchising experts. Having been in the franchising business for more than 30 years, they help potential franchisees with the selection, purchasing and setup of a franchise business. All State Franchise Finders are proud to be representing Great Clips, a business that continues to go from strength to strength.
Since 2011, Great Clips has ranked at number 37 or above. This year also saw the salon group reach number six in the list of fastest-growing franchises and number 42 in America’s top global franchise list.
It was in 1982 that Great Clips was established and they began franchising only 12 months later, something they did very successfully. Great Clips holds almost 50 percent of the market share of all franchised hair salons across the U.S.
Derek Cafferata believes this particular franchise model suits the entrepreneur looking to diversify his or her portfolio, middle and upper executives looking to transition out of their current role or for the semi-retired person wanting to expand on their retirement savings plan.
Due to its strong management systems and in depth training for salon staff, no previous salon experience is necessary. The business model is one designed to be manager-run, meaning you can remain as involved or as hands-off as you like.
“With such a solid reputation like they have across America and Canada, we expect Great Clips as a company and as individual franchise locations to continue to perform exceptionally well and it will be exciting to see what their performance rankings are for 2016 and beyond,” said Derek.
If you would like any more information about the Great Clips franchise opportunity, or are considering another franchise opportunity, contact the experienced team at All State Franchise Finders. Contact them on 1800-544-2161 or visit ALLSTATEFF.com today.