How we stand strong among the best hair salons in AmericaDecember 15, 2017
Fantastic Sams has the longevity, the expertise and the unique financing solutions to make us competitive against independent and franchised salons alike
Fantastic Sams has already opened over 30 new salons this year, and we anticipate closing out 2017 with over 100 new salons in development. We’re proud of our accomplishments and excited to welcome so many new locations and new owners to the Fantastic Sams family.
Our growth goals for the year were based on thoughtful analysis of how and where we wanted to grow our 43-year-old brand, as well as the kind of franchise owner we wanted to attract. Our salon franchise offers a lot of advantages, and we believe they’re the kinds of pluses that enable us to offer a better value proposition than even the best hair salons in America, whether they’re franchised or independently owned. Here’s how we do it.
We offer a fast-track to financing your franchise
One of the biggest worries any entrepreneur has is financing their business, particularly when just starting out. Those concerns are just as valid for franchise owners as they are for independent business owners, but franchise systems often come with ready solutions. Our Fantastic Sams Strategic Bank Program is even more thorough than most when it comes to linking you to financial resources. We have relationships with The Bancorp Bank as well as Radius Bank and other financial institutions.
Since The Bancorp Bank has already vetted our brand, Fantastic Sams’ candidates get a fast-pass through much of the loan process. The Bancorp Bank also finances up to 85% of your first salon franchise with us and up to 90% on subsequent units for qualified candidates, making it easier to start a Fantastic Sams business and scale up more quickly. Candidates can also explore financing through our relationships with other banking entities.
We offer services other hair salon franchises don’t
One of the reasons Fantastic Sams has been able to stay strong against even the best hair salons in America, franchise or otherwise, is because we don’t focus on a single, narrow niche. Many salon franchises today rely on a haircut-only business model, which is based on getting people in and out as quickly as possible.
Fantastic Sams, however, provides a full menu of salon services and focuses on providing our clients with the kind of guest service they’d expect at a luxury salon. Whether they come to us for a haircut, color, styling or facial waxing, we greet them warmly, offer them a beverage and treat them to a scalp massage with every visit.
And just like luxury salons, our affordable salon franchise carries our own exclusive line of hair care products, in addition to carrying national lines TIGI and Bed Head.
Our value is strong relative to most salons
Fantastic Sams salons occupy a blue-ocean position in marketplace, with a full menu of salon services offered at value pricing to clients, a business model designed to serve the whole family, and a strong value relative to most salons. We revolutionized the industry when we opened the first unisex salon franchise in 1976, and we continue to grow our 1,100-unit+ chain strategically in the $75 billion salon industry.
Our startup costs range from $145,362 to $317,006, and the $30,000 franchise fee for a single unit is discounted for multi-unit development agreements. We don’t require any previous salon experience, and we offer world-class training and support throughout the duration of your franchise agreement.
If you would like to discover more about the exciting franchise opportunities available with Fantastic Sams, we invite you to explore our research pages or fill out the form on this page. Someone will be in touch with you shortly!