Fantastic Sams Franchise Can Help You Gain Independence
Hair salon franchises make a great family business to grow a legacy
Everybody wants to leave a legacy. We want to look back on our lives and know that we’ve made a positive difference in the world. In particular, we want to know that we’ve created something that will benefit future generations of our family, something that our children and grandchildren can carry on.
Owning a Fantastic Sams hair salon franchise allows you to have that kind of lasting impact. Our franchises combine the challenges and rewards of entrepreneurship with the resources of a nationally recognized brand.
Since 1976, Fantastic Sams has been a leader in the value salon space, with nearly 1,100 franchise locations in communities across the United States. Unlike discount haircut and budget salons, Fantastic Sams offers a full range of salon services, including haircuts and trend-right styles, color services and waxing, which help generate higher ticket totals and profit margins. With initial investments beginning at just $150,362, Fantastic Sams is a remarkably affordable way to enter the $75 billion, recession-proof hair care industry.
Thanks to our new financing options, available growth markets, and the recession-proof resilience of the hair care industry, now is a better time than ever to invest in a business that will pay dividends for generations to come.
The Bancorp Bank financing makes expansion easier and affordable
Franchise ownership can seem out of reach to many families, often requiring access to capital that the average investor simply doesn’t have. At Fantastic Sams, thanks to our strategic alliance with The Bancorp Bank, we are able to offer qualified franchisees 85/15 financing for the first unit purchased, with a streamlined, quick and easier lending process that eliminates unnecessary paperwork. Combine this with our already low startup costs and you have a winning investment that’s within the average family’s reach.
While our generous financing options can make a single-unit purchase a clear option, many investors still assume that multi-unit ownership isn’t possible for them. However, with the way our partnership with The Bancorp Bank works, each additional unit is available at 90/10 financing. This discount makes the path to multi-unit ownership (and the prosperous legacy that accompanies it) easier than it’s ever been.
“Now is a better time than ever to open multiple hair salon franchise units,” says Linda Chadwick, Fantastic Sams President and CEO. “Our partnership with The Bancorp Bank allows us to offer qualified franchisees financing terms that make multi-unit ownership not just possible, but financially plausible. In addition to financing incentives, we work closely with our franchisees to make the development of a single salon or multiple salon franchises a rewarding, profitable experience. There has never been a better time to invest.”
Existing franchise territories for sale provide a straightforward path to multi-unit growth
One of the best ways to get started building your Fantastic Sams hair salon franchise legacy could be taking over ownership of an existing hair salon units. With a 40+ year history, we have plenty of older franchisees who are looking to pass on their existing empires to a new generation of savvy investors.
Purchasing existing Fantastic Sams salons provides you with many advantages as an investor. For one, you’ll be able to immediately leverage existing an existing revenue stream to help recoup your investment. You’ll also benefit from an existing customer base and a network of experienced managers and stylists, all of whom will provide a strong base for future growth.
In addition to all the above benefits, multi-unit ownership will also improve your margins by increasing market share, which in turn drives higher revenues. This increased market share can also result in a greater presence and positive impact within your community, creating a legacy that you and your family can be proud of. Finally, in the event that you should ever decide to sell your franchise, multiple units often mean a more attractive resale business offer.
Hair care remains a recession-proof industry unaffected by outsourcing and automation
While rapidly changing technologies can present exciting new opportunities, they can also render certain business models obsolete, especially when combined with hard economic times. Fantastic Sams offers a business model that’s withstood countless economic downturns and changes in technology. No matter how the times change, people will always need haircuts.
What’s more, while people may cut spending on certain luxuries during recessions, they don’t skip affordable luxuries like a trip to the salon. Fantastic Sams is there to welcome customers who are put off by the high prices of other salons but still want a top-notch salon experience. We’re happy to meet this need, offering a diverse array of services such as hair color, waxing, and styling, in addition to a line of premium hair care products. The design of our New Image Salon puts these additional services front and center, which translates to higher satisfaction for our customers and higher revenue for our franchisees.
Most importantly, the longevity and sustainability of a hair salon franchise makes it an investment you can feel confident about passing on to your children. With a network of multiple units, you’ll have a legacy anyone would be honored to share.
Learn more about the Fantastic Sams hair salon franchise opportunity
Opening your full-service, no-appointment Fantastic Sams is a remarkably affordable way to enter the $75 billion hair care industry and begin your journey to financial independence. With an initial investment beginning at just $150,362, and with 3-, 5-, and 10-pack agreements available, you can join hundreds of owners in this potentially lucrative growth industry.