Why Now Is a Great Time to Buy an Existing Fantastic Sams Salon
Long-term growth potential and a proven track record couple with easy-to-obtain financing, making now a great time to consider buying a hair salon franchise
When serial entrepreneur Mark Holder began looking for his next business venture in 2008, he had several criteria. He wanted it to be stable for the long-term, something that he could hire a manager to run, and most of all, he wanted it to be recession-proof.
Mark checked off all three boxes with Fantastic Sams, and he purchased a pair of existing salons in the Plainfield, Indiana, area. Now that his sons are grown and off to college, he’s looking to transition into his next endeavor — retirement in Florida. Mark’s plans to head south represent a great opportunity for another savvy entrepreneur to jump into a business that performs well, even during economic downturns.
“During the Great Recession, we didn’t feel any of it,” Mark says. “People were still coming in. Oh sure, they were complaining about the economy, but they were coming in.”
Fantastic Sams is the pioneer no-appointment, full-service family salon. For more than 40 years, we have led the hair salon franchise industry, a core component in the $75 billion hair care market. With the introduction of our New Image salon design, customers are rediscovering our innovative brand, and franchise owners are attracting new generations of salon customers.
Mark outlines several reasons why Fantastic Sams is a great fit for investors seeking to buy into a franchise business. Whether it’s the durability of our business model in tough economic times or the ease of operating a successful franchise, Mark believes Fantastic Sams is a great business for investors to own.
That starts with the operations, where hiring staff is a cut above other franchise concepts. In fact, Mark says staffing his salons is easier than food franchises, where employees may not be motivated to succeed. For hair salons, though, skilled and trained labor is necessary, and that’s a key differentiator.
“When you buy this franchise, you’re buying into a culture of better employees,” Mark says. “The stylists have committed $20,000 or more to their careers, and they’re motivated to make that investment pay off. “They’re just a higher quality of employee than if you ran a bar, a restaurant or any other kind of service sector business.”
At the same time, Fantastic Sams is a remarkably affordable business to own and to operate — particularly, investment requirements are much lower than other franchise concepts, where investment for a single unit can easily top $1 million.
“It’s a business model with lower capital requirements than other franchise systems and with employees of a higher caliber and commitment level — employees are more self-managed than other franchise opportunities. Those are big pluses,” Mark says.
Another great benefit of the Fantastic Sams business model that sold Mark on his salon franchises is the stylists’ commission model. Instead of paying hefty hourly wages, stylists earn based on performance. This incentivizes the stylists to up-sell services and products.
“That’s the strength of the Fantastic Sam’s model,” Mark says.
Learn more about the Fantastic Sams hair franchise opportunity
Opening a full-service, no-appointment Fantastic Sams is a remarkably affordable way to enter the $75 billion hair care industry. With an initial investment beginning at just $150,362, and with 3-, 5-, and 10-pack agreements available, you can join entrepreneurs like Mark in this potentially lucrative growth industry.