December 14, 2009 // Franchising.com // MINNEAPOLIS -- AllBusiness.com, a wholly owned subsidiary of Dun & Bradstreet, recently released its 2010 Franchise AllStar 300 listing and the Great Clips franchise opportunity once again ranked as the top hair salon business franchise opportunity.
"This is tremendous recognition for our Great Clips salon franchise," said Rob Goggins, vice president franchise development for Great Clips. "When investigating hair salon franchises, prospective Great Clips franchise owners can feel confident that based on the All-Star criteria used to rank winners--franchise unit growth rate, financial strength, system size, years in business, years franchising, availability of financing, and Web (brand) visibility--our Great Clips franchise stands out as a clear winner."
AllBusiness.com is an online media and e-commerce company that operates one of the premier business sites on the Web. And AllBusiness.com gives the Great Clips franchise opportunity "a nod for disclosing detailed financial performance representations in Item 19 of its Franchise Disclosure Document."
According to Goggins, Great Clips, North America's largest single-brand hair salon franchise, recorded its 20th consecutive quarter of same-store sales growth in October. "It certainly is a remarkable and validating accomplishment for our franchise owners over any period of time, but particularly these last several quarters with the economy in such turmoil. When we promote our franchise brand as recession-resistant, we can back it up."
Becoming a successful Great Clips salon owner isn't about being an expert in hair; it's about being a strong leader.
"Our typical franchisee invests in Great Clips in order to transition out of corporate America. The business model allows individuals to keep their day jobs while building their salon businesses on the side," said Goggins. "Successful franchisees usually come from the middle- and upper-level executive ranks of industry. They possess strong management, leadership, communications and people skills. And, they don't cut hair. They are CEOs of their Great Clips, managing people and expanding their businesses."
Great Clips is North America's largest hair-care brand with nearly 2,800 salons conveniently located in high-visibility strip malls in almost 140 markets. Great Clips consistently ranks among Entrepreneur magazine's Franchise 500®. Entrepreneur also ranks Great Clips as one of its "Fastest Growing" and one of "America's Top Global Franchises" for 2009. Franchise Times magazine ranked Great Clips 90th in system-wide sales by in its annual Top 200 listing of worldwide franchise chains.