Fantastic Sams ranks in Entrepreneur Franchise 500February 6, 2018
Fantastic Sams ranks as one of the best salon franchises thanks to smart growth, proven business model
Fantastic Sams salon franchise was ranked among the most respected and highest-performing franchises in Entrepreneur magazine’s 39th annual Franchise 500 ranking. We also made the publication’s list of Top Franchises for Veterans.
We’ve been included in the Franchise 500 for several consecutive years, and we just celebrated the close of one of our most successful years ever. In 2017, we opened 47 new salons, signed 31 new agreements and closed out the year with 102 salons in development. We also added a new President and CEO, John Costanza, who will be leading our brand into our next phase of growth and development.
This is Entrepreneur’s 39th year publishing the Franchise 500, which evaluated more than 1,000 franchises this year in their mission to determine the 500 best. Entrepreneur ranks the brands using a proprietary process involving 150 data points, but the rankings are also based in part on five key metrics. From Entrepreneur.com:
The Five Pillars of the Franchise 500®
Some key factors that go into our evaluation:
COSTS & FEES
- Franchise fee
- Total investment
- Royalty fees
SIZE & GROWTH
- Open & operating units
- Growth rate
- Training times
- Marketing support
- Operational support
- Franchisor infrastructure
- Financing availability
- Social media
- System size
- Years in business
- Years franchising
FINANCIAL STRENGTH & STABILITY
- Franchisor’s audited financial statements
Why Fantastic Sams is worthy of this honor
For more than four decades, Fantastic Sams has been the affordable, full-service salon of choice for men, women and children. We have managed to master the value segment of the salon industry while providing a menu of services and a guest experience that is more akin to a luxury salon.
Fantastic Sams has set the standard for what consumers should expect from an affordable salon. Because we cater to all segments of the population, we have broader consumer appeal, making it easier to win customers. We also specialize in color, a high-profit margin service. All these factors give our salon franchise tremendous advantages over cut-only or demographic-specific salons, and our attractive value proposition to investors has helped fuel our growth.
Join the best salon franchise
Fantastic Sams has fostered strategic partnerships with several financial institutions that have thoroughly vetted our franchise concept and business model. They’ve cleared the way for qualified franchise candidates to secure financing much more quickly, both for a new franchisee and existing franchisees who want to scale up.
Since our inception in 1976, we’ve proven our ability to pivot with changing market demands while remaining true to the expectations of our core clientele. Our position in the $75 billion salon industry is strong and growing stronger. We’re proud that a publication as respected as Entrepreneur has validated our accomplishments.
If you’d like to learn more about the franchise opportunities available for multi-unit and single-unit buyers, please explore our research pages. You can start a conversation with one of our franchise development representatives by filling out the short form on this page. We look forward to hearing from you.