Gordon Logan, president of Sport Clips, conceived the Sport Clips idea in 1993 and opened its first franchised store in Houston two years later. Designed to target a previously underserved market, Sport Clips caters to men and boys by providing hassle-free hairstyling in a sports-themed environment. The company began franchising in 1995.

About

Founded: 1993

Franchising Since: 1995 (23 Years)

Corporate Address: 110 Briarwood Dr. Georgetown, TX 78628

CEO: Gordon Logan

Financial Requirements

Initial Investment: $189,300 - $354,500

Net-worth Requirement: $400,000

Liquid Cash Requirement: $200,000

Ongoing Fees

Initial Franchise Fee: $25,000 - $59,500

Ongoing Royalty Fee: 6%

Ad Royalty Fee: 5%

Financing Options

Sport Clips has relationships with third-party sources which offer financing to cover the following: ?franchise fee, startup costs, equipment, inventory, accounts receivable

Veteran Incentives: 20% off franchise fee

Support Options

Ongoing Support: Purchasing Co-ops, Newsletter, Meetings/Conventions, Toll-Free Line, Grand Opening, Online Support, Security/Safety Procedures, Field Operations, Site Selection, Proprietary Software, Franchisee Intranet Platform

Marketing Support: Co-op Advertising, Ad Templates, National Media, Regional Advertising, Social media, SEO, Website development, Email marketing, Loyalty program/app

On-the-job training: 48 hours

Classroom training: 110 hours

Additional Training: At existing locations

Absentee Ownership Allowed

Number of employees required to run: 8