Full Service Hair Salon Franchise Receives Two Minority Awards
December 11, 2007 // Franchising.com // BOSTON – Fantastic Sams, a full service retail franchise opportunity with nearly 1400 salons in the US and Canada, was recently ranked as one of the "50 Top Franchises for Minorities" and the "Top 25 Franchises for Hispanics" by the National Minority Franchising Initiative and Hispanic Enterprise Magazine. Fantastic Sams was the only hair salon franchise system selected by both surveys.
As published in the September 28 edition of the USA Today newspaper, The "50 Top Franchises for Minorities" award recognizes Fantastic Sams as one of the exceptional systems that has demonstrated a focus on recruiting and supporting minority franchisees into its system. Selection was based on many factors, including historical performance, brand identification, market dynamics, franchisee satisfaction the level of initial training, on-going support and financial stability.
The "Top 25 Franchises for Hispanics" was featured in the June/July issue of Hispanic Enterprise Magazine. Fantastic Sams was recognized as a franchise opportunity that has made a corporate commitment to recruit prospective franchisees from the Hispanic community over the past several years. According to Hispanic Enterprise Magazine, "This commitment is not based on altruism; it is based on sound economics. The companies noted here represent exceptional opportunities for prospective franchisees and have demonstrated a commitment to properly training and supporting you once you become a franchisee."
Fantastic Sams is also a charter member of Minority Fran, a program that was recently launched by the International Franchise Association's Diversity institute. Minority Fran was created to build awareness of franchising within minority communities and to increase the number of minority franchise owners.
"We are thrilled about our recent recognition by the minority business community," said Scott Colabuono, CEO of Fantastic Sams. "We want to recruit franchisees who are interested in running a hair salon business and who also understand the culture of the clients they serve."
Fantastic Sams is currently concentrating its efforts on attracting quality franchise partners who want to invest in a leading hair care franchise with a solid operating system and a strong corporate support structure. The average initial investment to open a Fantastic Sams Hair Salon franchise (ranging between $100,000 to $225,000) and the company's fixed fee royalties make it one of the most competitive opportunities in the beauty salon industry. "With Fantastic Sams' attractive economic model, experienced franchise partners find our brand a worthwhile investment," added Colabuono.
"Prospective franchise owners for Fantastic Sams should have well developed people skills to be successful. Our best salon owners set a standard for guest service that translates into highly trained and motivated hair stylists. Our guests recognize the difference when they step into our salons," according to Jeff Sturgis, VP Franchise Development. "We have become the leading full service hair franchise by offering the best in salon services and products, and by creating a customer loyalty that sets us apart from our competition, " he added.
ABOUT FANTASTIC SAMS
With nearly 1,400 salons located throughout North America, Fantastic Sams (www.fantasticsams.com) is one of the world's largest full service hair care franchises with an excellent reputation for providing quality hair care services for the entire family. Opening their first salon in July 1974, Fantastic Sams began offering hair salon franchises in 1976, marketing their "fixed fee" system and "no appointments" necessary concept to entrepreneurs seeking to own and operate their own successful business.