5 Reasons Fantastic Sams Will Thrive in Any Economy
People always want to look good, and when they find an affordable way to do so, they will budget for that expense no matter how tight things are
When entrepreneurs evaluate business opportunities, they look at what’s going to be around for the long haul. That’s why so many flock to the longevity offered by a Fantastic Sams hair care franchise.
“Trendy businesses can have their moments and then disappear forever,” says Linda Chadwick, President and CEO of Dessange Group North America — parent company of Fantastic Sams. “With a Fantastic Sams hair care franchise, you’re secure in your investment because the demand for our services is evergreen: in good economies and bad, people always need haircuts.”
Fantastic Sams invented the no-appointment-needed hair salon 40 years ago and also was the first nationally franchised salon. Unlike discount haircut franchises, Fantastic Sams offers a full range of salon services, including haircuts and trend-right styles, color, and waxing — which helps generate higher tickets and profit margins. With more than 1,100 locations, we dwarf the competition and continue to be an industry leader.
If you’re exploring the idea of going into business for yourself, here are five solid reasons a Fantastic Sams hair care franchise makes sense.
Hair care is a necessary expenditure
Haircuts will always be an essential purchase. Even in a down economy, people want to look their best. The second-to-none experience customers receive at Fantastic Sams, along with our variety of services, will ensure repeat business alongside new clientele.
Customers keep coming back
According to The White House Office of Consumer Affairs, a customer with a positive experience will tell four to six other people about it. This built-in market, combined with the referral power of loyal Fantastic Sams hair care franchise customers, means owners don’t have to market as aggressively as other brands. Customers come to them, and when they do, they bring their friends.
The market is growing, and so is Fantastic Sams
Fantastic Sams operates in the middle of the stable, $75-billion-a-year salon industry. According to Nail Magazine, the sector grew 12% from 2012 to 2013, and it was one of the few industries to show growth during the most recent recession.
Fantastic Sams 2014 franchise signings were up 71% over 2013, and already in 2015 the pipeline of prospects is way up over 2014.There are available markets throughout the United States, and franchise locations could double.
Single or multi-unit opportunities available
One of the many benefits of joining the Fantastic Sams family as a franchisee is that you can keep your current career and buy just one salon, or take advantage of multiunit incentives by entering into a 3-pack, 5-pack or 10-pack agreement.
We have a low entry cost
The Fantastic Sams salon franchise requires a typical initial investment of $136,100 to $246,100 and a franchisee net worth of $250,000 to $300,000. This is a much lower entry point than many other franchise opportunities, and it comes with an unequaled system of support and training, as well as perks like a fixed royalty fee of $340 to $400 per week. As sales increase, royalties do not — so increasing the top-line sales improves the franchise owner’s bottom line quickly.
These are just five reasons — there are many, many more. Fantastic Sams has a long and successful history of helping entrepreneurs build their own businesses and control their financial future.