Great Clips Records 35% Increase in Franchise Deals for 2008

Great Clips Records 35% Increase in Franchise Deals for 2008

New deals account for more than 130 additional salons across North America

January 07, 2009 // // Minneapolis, MN, - Rob Goggins, vice president of franchise development for Great Clips, Inc., formally announced that franchise deals for the year ending December 31, 2008, were up 35% over 2007, and 54% greater than 2006.

"We blew the doors off," said Goggins. "When you consider the economy last year and its affect on franchise recruiting, what we accomplished is absolutely incredible. It was a team effort of talented individuals."

Great Clips is North America's largest haircare brand with more than 2,700 salons conveniently located in high-visibility strip malls in nearly 140 markets. Great Clips employs almost 30,000 stylists who are trained at 65 centers across the country and receive ongoing brush-ups on trends in the haircare industry.

"Middle to upper-level executives who want to keep their day jobs and start a business, are drawn to our Great Clips business model," said Goggins. "We show them how they can take control of their transition from corporate America to the American Dream."

For a relatively low investment, Great Clips is a strong cash-flow business with moderate risk and steady growth. Great Clips serves more than one million customers weekly.

"While other salon franchise systems are experiencing the ill effects of the recession, our value-priced, no appointment positioning is proving resistant to the mood swings of the economy," said Goggins.

About Great Clips:

Great Clips is ranked #60 among Entrepreneur magazine's Franchise 500. Entrepreneur also ranks Great Clips one of their Fastest Growing, and one of America's Top Global Franch



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