Investment
Fantastic Sams gives entrepreneurs a range of options to carve out their share of the market at their own pace, from multi-unit incentives to a single-unit agreement.
Fantastic Sams Startup Costs
New franchisees can choose to start with a single salon or take advantage of Fantastic Sams multi-unit incentives by entering into a 3-pack, 5-pack or 10-pack agreement.
| TYPE OF EXPENDITURE |
AMOUNT (LOW-HIGH) |
METHOD OF PAYMENT |
WHEN DUE |
TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| Initial Franchise Fee | $30,000 | Lump Sum | When You Sign The Franchise Agreement | Fantastic Sams Franchise Corp (FSFC) |
| New Owner/SFC Training Fee | $500 To $1,000 | Lump Sum | Before Your Training | FSFC |
| Travel And Living Expenses For You And Your Employees During Training | $1,500 To $3,000 | As Incurred | During Training | Airlines, Hotels & Restaurants |
| Leasehold Improvements (Including Architectural Fees) |
$60,000 To $200,000 | As Incurred | Before You Open Your Salon | Landlord, Suppliers & Contractors |
| Rent | $2,000 to $8,000 | Lump Sum | Before You Open Your Salon | Landlord & Suppliers |
| Utility Deposit | $500 To $1,500 | Lump Sum | Before You Open Your Salon | Utility Companies |
| Initial Haircare Product Inventory (3 Month Supply) | $8,000 To $14,000 | As Incurred | Before You Open Your Salon | Payable To The Distributors |
| Salon Equipment | $40,000 To $65,000 | Lump Sum | Before You Open Your Salon | Suppliers |
| Other Equipment, Fixtures, And Furnishings | $7,500 To $18,000 | Lump Sum | Before You Open Your Salon | Suppliers |
| New Salon Signage | $3,500 To $15,000 | Lump Sum | Before You Open Your Salon | Suppliers |
| Salon Supplies – Non Technical (3 Month Supply) | $2,500 To $4,500 | As Incurred | Before You Open Your Salon | Suppliers |
| Salon Identity And Graphics Kit (Interior Graphics) | $1,000 To $3,000 | Lump Sum | Before You Open Your Salon | Payable To The Distributors |
| Grand Opening Marketing Plan/Advertising (First 3 Months) | $7,500 To $18,000 | Lump Sum And As Incurred | Before And For 6 Months After You Open Your Salon | Suppliers And/Or FSFC To Pay Suppliers |
| Insurance | $1,000 To $9,000 |
Non-Refundable As Required | As Incurred | Insurance Company |
| Additional Funds – 3 Months | $100,000 To $140,000 | As Incurred | As Arranged | Employees, Suppliers & Utilities |
| TOTAL | $265,500 To $530,000 | |||
See Item 7 of the Fantastic Sams Franchise Corporation Franchise Disclosure Document (FDD) issued April 15, 2021 for more information.