Supercuts Ranked #1 Haircare Franchise, Fourth Overall by Entrepreneur
In 35th Annual "Franchise 500®" List
MINNEAPOLIS - Jan. 9, 2014 // PRNewswire // - For the sixth year in a row, Supercuts, one of the largest and most iconic salon brands in the country, has been ranked the number one haircare franchise in the U.S. and the fourth best franchise opportunity overall in Entrepreneur magazine's January 2014 Franchise 500® issue.
"Supercuts is thrilled to be named the haircare industry's number one franchise for the sixth year in a row," said Paul Plate, Regis Corporation's senior vice president, franchise division. "It's not a surprise to us though as we've had continuing interest in the brand; our franchise division has seen a 60% plus increase in franchisees over the past two years as entrepreneurs and career-based businesspeople have joined the Supercuts family."
Plate credits Supercuts' appeal to the overall strength of the brand – including its name recognition, its extensive franchisor support, and strong franchisee network. Another plus is that an entrepreneur doesn't need experience in hairstyling to open salons, simply an interest in business and working with a group of talented people.
"Supercuts is a strong business because the franchise provides the tools, resources and best practices that franchisees need to grow and expand salons within their communities," said Gary Grace, chairman of the Supercuts Franchise Council (and a multi-unit franchisee). "As a franchisee, it's gratifying that Supercuts continues to be named one of the country's top five franchises, and it's a testimonial to the millions of guests we serve every year."
In 2013, more than 100 new franchisees joined Supercuts, while many veteran franchisees celebrated five, 10, 15 – up to 35 years – with the brand. There are more than 2,300 Supercuts across the U.S., Canada and Puerto Rico that provide consistent, high-quality haircare services and professional products to guests.
Entrepreneur's Franchise 500® issue is published every January and considered the world's most thorough and comprehensive franchise ranking. 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 salons are owned and franchised by Regis Corporation (NYSE: RGS), a global leader in beauty salons and cosmetology education. Supercuts is a salon industry leader in haircare services, with over 33 million guest visits per year for haircutting, styling and related product needs. Supercuts primarily targets male guests who want a current look at an affordable price. Their professional staff and full line of professional haircare products offer guests the best product choices for their hair type and style, encouraging repeat business. For additional information about Supercuts, visit Supercuts.com. For more information about Regis Corporation, please visit RegisCorp.com.