March 07, 2014 // Franchising.com // GEORGETOWN, Texas – Sport Clips Haircuts, the nation's largest franchise dedicated to men's and boys' hair care, is number 14 of 40 in the new Franchise Times "Fast and Serious" ranking of the "smartest-growing brands."
The 10-point formula for selecting franchises for this first-time ranking considers such factors as percentage sales growth, percentage unit growth, dollar sales growth and numerical unit growth over the past three years, with more weight given to acceleration in years two and three. Database for the ranking is the Franchise Times Top 200 plus 300 of the largest franchise systems by revenue.
In the report, Sport Clips' Founder and CEO Gordon Logan cites strong same-store sales growth of nine to 10 percent over the past three years as a top achievement and is quoted as saying, "We have always had the philosophy that we will not grow any faster than we can support our team leaders (franchisees) so that we maximize their probability for success." He goes on to say, "In the past three years we have opened over 400 stores, growing to 1,150 locations, while only three have closed, two due to changed shopping center dynamics where leases were appropriately not renewed."
Sport Clips was also recognized this week by Entrepreneur magazine as one of the nation's "fastest growing" franchises. For the second year in a row, Sport Clips ranks 16th, up from 18th in 2012.
Sport Clips has 1,178 locations across the country and serves its clients on a walk-in basis. For more information, visit a Sport Clips location or SportClips.com.
Sport Clips Haircuts is headquartered in Georgetown, Texas. It was established in 1993 and franchised in 1995 by founder and CEO Gordon Logan. The sports-themed haircutting franchise, which specializes in haircuts for men and boys, is ranked by Entrepreneur Magazine as one of the top 20 "Fastest-Growing Franchises" and in the Top 40 in the "Franchise 500." Sport Clips is the "Official Haircutter" of the Veterans of Foreign Wars (VFW), offers veterans preferential pricing on haircuts and franchises, and was named as one of the "Top Franchises for Veterans" by Franchise Business Review. Our "Help A Hero" program has raised more than $2 million to help deployed and hospitalized U.S. service members call home through the VFW's Operation Uplink™ and provide scholarships for veterans transitioning to a civilian career. Sport Clips is a proud sponsor of Joe Gibbs Racing's NASCAR drivers Denny Hamlin, Elliott Sadler, and Drew Herring, and partners with numerous NCAA and professional sports teams. To learn more about Sport Clips, visit www.sportclips.com.
SOURCE Sport Clips Haircuts