And #5 Overall Franchise Opportunity In Entrepreneur Magazine's Annual 'Franchise 500'
MINNEAPOLIS, Feb. 8 // PRNewswire-FirstCall // -- Supercuts, one of the largest and most iconic salon brands in the country, has been ranked the number one hair-care franchise in the U.S. and the fifth best franchise opportunity overall in Entrepreneur magazine's annual "Franchise 500" issue.
Supercuts pioneered the concept of the affordable haircut when its first salon opened in California in 1976. Today, Supercuts is part of Regis Corporation's (NYSE: RGS) family of brands. Eighty new Supercuts opened across the country in 2009, bringing the franchise to over 2,100 locations throughout North America.
Mark Kartarik, Regis Corporation's executive vice president and president of the franchise division, says that the affordable hair care category does very well in all kinds of economies and with decades of solid, sustainable growth, Supercuts is a solid investment.
"Supercuts is backed by Regis Corporation and a franchise system, both with an incredible knowledge of the hair care industry," said Kartarik. "Our franchisees have access to tools, resources and a franchise model that is designed to help people grow their business."
Gary Grace, president of the Supercuts Franchise Association and a multi-unit franchisee himself, attributes the salon brand's success to the excellent working relationship that franchisees have with Regis Corporation.
"There are other franchisors that don't operate the stores they franchise," explained Grace, who opened his first Supercuts in 1980. "Regis owns and operates salons – including Supercuts – across the country. They understand and respect what franchisees do because they do it every day."
Grace also believes that Supercuts' #5 ranking in Entrepreneur's "Franchise 500" speaks to the brand's strong franchisee network. "This franchise has a tremendous, built-in support system that is hard to create on your own," Grace said. "We have strong leadership, attend conferences, share best practices and even have an online community bulletin board where we post questions, help each other out, and offer advice. Overall, this recognition reflects how well we all work together – from each Supercuts stylist to our franchisee network to Regis Corporation and their support."
Entrepreneur's "Franchise 500" mega-list is considered the most thorough and influential franchise ranking worldwide. Rankings are determined by objective, quantifiable measures of a franchise's operations and include factors such as financial strength and stability, growth rate and size of the system, years in business and startup costs.
Supercuts is part of the Regis Franchise family of brands. With over 2,100 locations across North America, Supercuts provides hair-care services to men, women and children at convenient locations with reasonable prices and no appointments necessary. Supercuts offers a broad selection of professional hair care products including Paul Mitchell, American Crew, Nioxin, Tigi, Redken, Biolage and more.
SOURCE Regis Corporation