Sport Clips Named Number Eight in Top 20 Franchise 'For the Money' by Forbes.com
Hair care provider showcased in franchises that deliver the 'best bang for a franchisee's investment buck'
GEORGETOWN, Texas, Jan. 25, 2011 // PRNewswire // -- Sport Clips, the nation's leading men's and boy's hair care provider, is a top 10 pick among Forbes.com's "Top Franchises for the Money." The ranking, released Tuesday, showcases the top 20 from among 100 of the most "recognized franchise operators" as the systems that deliver the "best bang for the franchisees" investment buck. Sport Clips is featured on the site as number eight. http://www.forbes.com/2011/01/18/best-franchises-for-the-buck-entrepreneurs-finance-franchise_slide_14.html
"This ranking demonstrates how our hard work has paid off for the franchise system and our individual Team Leaders (Franchisees) in terms of growth and return on their investment," says Gordon Logan, Sport Clips founder and CEO. "Sport Clips has identified a market niche for a large and unmet need - men and boys wanting a great haircut experience in a place they can call 'their own'. Being privately owned has allowed us to maintain our focus on the long-term health of our system and our Team Leaders by not having to worry about short-term profits at the franchisor level. We have the sharpest-looking stores in the business and continue to provide a superior haircut experience for our Clients."
Forbes.com worked with Rob Bond, chief executive of the World Franchising Network, to develop the ranking. Their evaluation took into account estimated initial investment, total number of locations, store survival rates, hours of training offered, and the average royalty rates for each system.
Sport Clips is known for its guy-friendly environment, offering the winning combination of hair care services and sports on television in a sports-themed setting. The concept continues to grow in popularity with clients and business seekers, as the franchise averaged opening 100 stores each year for the past three years. Sport Clips is targeting the Northeastern US, Florida and the West Coast as growth markets in the year ahead.
About Sport Clips
Sport Clips is headquartered in Georgetown, Texas and was established in 1995 by founder and CEO Gordon Logan. The franchise has ranked in the top 50 "fastest growing" for the seventh straight year in Entrepreneur Magazine's "Franchise 500", in the top 10 in Forbes' "Top 20 Franchises To Start", and in the top 50 in Dun & Bradstreet's AllBusiness.com "2011 AllBusiness AllStars". Sport Clips is the "Official Haircutter" of the Veterans of Foreign Wars (VFW) and offers veterans preferential pricing on haircuts and franchises. Our "Help a Hero" program has donated almost three-quarters of a million dollars to help overseas soldiers call home through the VFW's Operation Uplink. Sport Clips is a proud sponsor of Joe Gibbs Racing's NASCAR drivers, Joey Logano and Denny Hamlin, and holds partnerships with several teams in the National Basketball Association (NBA), Major League Baseball (MLB), and National Hockey League (NHL). To learn about franchise opportunities click here, and for locations throughout the United States, visit SportClips.com. For media resources and additional information on Sport Clips, visit SportClipsMedia.com.
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