• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Hub
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

FDD Talk 2.0: Estimated Initial Investment for a Great Clips Salon (2012 FDD)

Last updated on September 20, 2012 by Franchise Chatter Leave a Comment
in Franchise Earnings, Salon Franchise

(Ambrosio’s note:  Welcome to FDD Talk 2.0, a more comprehensive version of our flagship content, featuring not only the Item 19 financial performance representations of select franchises, but their estimated initial investment, unit growth, and other key items of their 2012 FDD as well.)

Highlights of Great Clips’ 2012 Franchise Disclosure Document – Part 1

Estimated Initial Investment for a Great Clips Salon

1.  Initial Franchise Fee:  $20,000

  • The Initial Franchise Fee is $20,000 if you are applying for a single Franchise Agreement with no participation in an incentive program.
  • If you have signed a Master Development Agreement, you will pay a $4,000 Development Fee and a $6,000 Initial Franchise Fee for each Franchise Agreement you sign in the Exclusive DMA. The Development Fee is non-refundable.
  • If you are participating in the Three Star Program, you will not pay the Initial Franchise Fee of $20,000, but rather you will pay a non-refundable total fee of $35,000 for three franchises plus a $5,000 Initial Advertising Contribution to the Market Development Ad Fund, payable when you sign the Three Star Program Agreement.

2.  Initial Advertising Contribution to the Market Development Ad Fund:  $5,000

3.  Travel and Living Expenses While Training:  $1,500 to $2,500 per participant

America's Most Lucrative Franchises of the Year

4.  Architecture Fees:  $600 to $3,500

  • You will pay architecture fees for plans and drawings for your Salon and for the costs of copying and delivering the drawings. This amount may be higher if revisions to completed plans are required, or if your local code requires engineered mechanical, electrical, and plumbing drawings. This amount may also be higher if your Salon will be located in a building requiring LEED Certification (Leadership in Energy and Environmental Design Green Building Rating System).

5.  Leasehold Improvements, including Labor:  $20,000 to $50,000

  • Leasehold improvements, fixtures, signage, furnishings, and labor may be financed through lessors or third parties at your discretion. If you finance these items, you will incur financing costs.
  • Your Salon will likely be in a shopping center rather than a newly built, free-standing building.
  • The cost of leasehold improvements will vary depending on the condition of the location when it is handed over to you from the landlord. These estimated costs are based upon receiving the location in a standard “vanilla shell” condition.
  • A typical Great Clips salon is approximately 900 to 1,200 square feet.
  • In some circumstances, with Great Clips’ consent, it may be possible to convert an existing free-standing building or a pre-existing facility, as long as it conforms to all Great Clips system standards.  The cost of these kinds of conversions is too individually variable to be realistically predicted and may cost more than a newly-built facility.
  • You are responsible for obtaining all necessary permits or licenses necessary for the siting, construction, renovation, or operation of the franchised business.


To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.

Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.



Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment - See more at: https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf

🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



💻How to Find, Vet, FUND & Own a Good Franchise. Watch Our Free Webinar Live or the Recording Later



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator



Franchises Ranked by Average Revenues and Profits



Franchise Winners and Losers Last Year

Tagged as: Great Clips

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: Fro-Yo Files: Vijay Vaswani, Menchie's Franchisee of the Year, Shares the Secret to His Success

Next post: FDD Talk 2.0: Average Operating Cash Flow Statement for Great Clips Salons (2012 FDD)

Primary Sidebar

💵Most Profitable Franchises of 2023

💻How to Find, Vet, FUND & Own a Good Franchise (Webinar)

✅ Is Franchising a Path for You? – Feb. 3 (Fri.), 11 a.m. EST

✅ Hall of Fame Franchises – Feb. 7 (Tues.), 4 p.m. EST

✅ Register Now to Get Free Access to Recordings of Both Webinars

Register Now

🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)

⭐️Franchise Chatter is reader-supported. We may receive a commission for leads generated from our site.

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

👍”Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful.” (David F., subscriber)

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Property Management Franchises

Best Real Estate Franchises

Best Automotive Wheels and Tires Franchises

Best Weight Loss Franchises

Best Flooring Franchises

Best Eye Care Franchises

Best Physical Therapy Franchises

Best CBD Franchises

Best Tea Franchises

Best Ghost Kitchen Franchises

Best Acai Bowl Franchises

Best Poké Bowl Franchises

Best Donut Franchises

Best Kitchen and Bath Remodeling Franchises

Best Window Coverings Franchises

Best Plumbing Franchises

Best Home Inspection Franchises

Best Garage Franchises

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

Most Profitable Franchises of 2023

🚀 Daily FDD Talk Posts

Soccer Shots Franchise

Batteries Plus Franchise

STRIDE Fitness Franchise

Expense Reduction Analysts Franchise

HouseMaster Home Inspections Franchise

Homewatch CareGivers Franchise

Central Bark Franchise

ActionCOACH Franchise

Junk King Franchise

BrightStar Care Franchise

Restoration 1 Franchise

Rocky Mountain Chocolate Factory Franchise

Bodybar Pilates Franchise

Bloomin’ Blinds Franchise

Spavia Day Spa Franchise

Costa Oil Franchise

Amada Senior Care Franchise

Camp Bow Wow Franchise

McAlister’s Deli Franchise

Zaxby’s Franchise

Zoom Room Franchise

Urban Air Adventure Park Franchise

Wetzel’s Pretzels Franchise

Rumble Franchise

HomeWell Care Services Franchise

Smoothie King Franchise

Right at Home Franchise

Meineke Franchise

Fetch! Pet Care Franchise

The Human Bean Franchise

Bojangles Franchise

ServiceMaster Restore Franchise

Assisted Living Locators Franchise

Spray-Net Franchise

barre3 Franchise

ComForCare Home Care Franchise

Archadeck Outdoor Living Franchise

Midas Franchise

Visiting Angels Franchise

Cousins Subs Franchise

Door Renew Franchise

Chicken Salad Chick Franchise

StretchLab Franchise

Saladworks Franchise

Always Best Care Senior Services Franchise

Metal Supermarkets Franchise

Club Z! In-Home Tutoring Services Franchise

The Cleaning Authority Franchise

Taco John’s Franchise

Franchise Chatter © 2023