Power Up Rapid Expansion with Existing Fantastic Sams Locations
We’ve identified numerous markets where you can buy existing salons and pair them with new franchises to speed up your development
The ability to scale your business operation quickly is one of the hallmarks of Fantastic Sams’ long-term durability. As a franchise location reached its full potential, a franchise owner could expand into new locations to stay ahead of the curve. Now, thanks in part to our industry-leading financing partnership with The Bancorp, you can grow your salon empire even faster. Business development consultant Don Welsh explains.
“Through our The Bancorp financing program, new franchise owners can purchase an existing franchise while also opening a new franchise location — a one-to-one parity — and then tap into the same financing program to remodel the existing salon to our New Image model,” Don says. “Potential franchisees who choose this route start out well ahead of the curve. They’re beginning on signing day with an established brand in their market and, more importantly, a current revenue stream.”
For more than 40 years, Fantastic Sams has been the pioneer of the no-appointment family hair salon. A convenient, full-service salon, Fantastic Sams provides an array of services suitable for the whole family at the affordable prices customers want. We’ve tapped into a unique segment of the $75 billion beauty industry, and as our New Image Salon continues to turn heads and set the bar for the salon industry, purchasing and upgrading existing Fantastic Sams location makes great sense. Here are a couple of important reasons why.
Fantastic Sams has an established presence in hundreds of markets across the country
If you’ve ever gotten a haircut, chances are you’ve visited a Fantastic Sams — or at the very least you’ve heard of our full-service, no-appointment-needed salons. For over four decades, we’ve been the salon of choice for generations of loyal clients. In fact, 79% of Fantastic Sams customers return again.
In communities of all sizes, Fantastic Sams is a brand people turn to time and again to provide them with the freshest styles and great hair products. By tapping into this goodwill in a community, you’re not only getting a revenue stream but also relationships.
“Our stylists develop relationships with each client, talk to them about life and what’s going on in the communities,” says Linda Chadwick, Fantastic Sams President and CEO. “These relationships form the backbone of repeat visits, because once someone is comfortable with their stylist, they tend to remain loyal.”
That loyalty often leads to word-of-mouth growth, pushes a salon closer to capacity, and opens the door to extending those relationships across a wider geographic area as you add new units in your market.
We’ve identified existing salons that owners are interested in selling
People open businesses for a variety of reasons, whether it’s to build a lasting legacy for their families or to create an asset they can leverage for retirement. Across the Fantastic Sams system, we’ve identified dozens of salon owners who are interested in selling, whether to pursue new interests or to head into retirement.
These salons are in markets that are underserved and growing, where we believe Fantastic Sams has ample room for growth. Through our partnership with The Bancorp, we’ve made purchasing and remodeling these units more affordable than ever, which makes now a great time to consider opening a multi-unit salon franchise operation.
“The salon industry is a great industry because it’s constantly growing,” Linda says. “If you take a look at where Fantastic Sams is and our vision for where we plan to be in two, three, ten years, you’ll see why we believe now is the time to join the Fantastic Sams family.”
Learn more about the Fantastic Sams franchise opportunity
Wealth is not a prerequisite for owning a salon franchise. You can join the Fantastic Sams franchise family for an initial investment beginning at just over $150,000.