January 13, 2010 // Franchising.com // Great Clips, Inc., North America's largest single-brand hair salon franchise, welcomed 92 new franchise owners into its franchise system for 2009.
"This is a great accomplishment for our company, our franchise team, and our more than 1,100 franchise owners throughout the U.S. and Canada," said Rob Goggins, vice president franchise development for Great Clips. "Even in this recession economy we are attracting more inquiries to our franchise opportunity due in part to our 20 consecutive quarters of same-store sales growth."
In December, AllBusiness.com, a wholly owned subsidiary of Dun & Bradstreet, released its 2010 Franchise AllStar 300 listing and once again ranked the Great Clips franchise opportunity as the top hair salon business franchise opportunity.
"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 heads and shoulders above the rest," said Goggins.
Unlike many other franchise systems, 100% of Great Clips salons are franchisee owned. Great Clips staffs over 65 training centers throughout North America, providing training to the 27,000 stylists that work in the salons. More than 98% of franchise owners renew their agreements.
"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. 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 more than 2,800 salons conveniently located in high-visibility strip malls in almost 140 markets. Great Clips consistently ranks among Entrepreneur magazine's Franchise 500Ò. 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.