Answers to common questions about owning a Fantastic Sams franchise
How much does a Fantastic Sams franchise cost?
The total investment for a Fantastic Sams franchise ranges from $145,362 – $317,006, including franchise fee and working capital.
How long does it take to open a Fantastic Sams?
On average, from the time you sign a franchise agreement to the time you open is 26 weeks.
Do I need to have salon experience before opening a salon?
No. We’re looking for experienced entrepreneurs and managers who understand how businesses work. Fantastic Sams provides an easy-to-operate, scalable investment. You’ll hire others who understand the hair-care and salon business; all you need to do is handle the business side of things.
What are the financial qualifications to become a franchisee?
We are seeking someone with a minimum net worth of $300,000 and at least $70,000 in liquid capital.
How much is the franchise fee for Fantastic Sams hair franchises?
New franchisees pay a $30,000 franchise fee upon signing the franchise agreement.
How long is the franchise agreement?
We offer 10-year renewable franchising agreements.
What is the best location for a Fantastic Sams?
Because ours is a walk-in business, rather than one that relies on appointments, our salons work best in places where busy people are already doing their errands three or four times a week, like shopping centers anchored by big-box retailers and grocery stores.
How stable is the salon industry?
The $75-billion-a-year hair-care salon industry grew by 8% last year and is on pace to continue growing steadily. Even when the economy is tough, people still need haircuts, and they still want to look good. Hair color and haircuts at Fantastic Sams are affordable and convenient, which brings clients back again and again.
How many employees will I need before opening a salon?
Most of our salons start with eight employees.
What’s my marketing support?
Our marketing department and a region director work with each franchisee to tailor the perfect plan designed to promote Fantastic Sams salons within their communities — providing printed materials, coordinating mass mailings and helping with limited-time promotions and grand openings.
How can I get a copy of the Franchise Disclosure Document?
If you fill out the form at the right, a member of our franchise development staff will be in touch with you quickly for an initial conversation. You will be asked to fill out a Confidential Questionnaire, and we will respond with a copy of the FDD.
Who are my main customers?
Fantastic Sams salons offer a full roster of salon services, including trend-right haircuts and facial waxing, and hair color is our specialty. About 9% of our customers are children, and we have slightly more female clients than male clients.
Can I hire someone to run my beauty franchise?
Most of our franchisees are owner/operators, and if you start out with one salon, you can oversee the business part time and work your way up to full-time involvement as you add more salons. You can hire a licensed operator to manage your Fantastic Sams salons, so we’re looking for franchisees who can “manage the manager.”
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