Are you willing to invest in the Supercuts franchise but have qualms about it? Then you are at the right place.
In this article, we are going to discuss the significant facts related to the Supercuts franchise, like its profitability, cost, fees, and everything that needs to be known before investing in this franchise. So, let’s begin.
In 1975, Supercuts was founded in San Francisco Bay Area, CA, by Geoffrey M. Rappaport and Frank E. Supercuts is a retail hair care establishment that provides one of the best haircutting and related services.
Moreover, it also offers a contemporary and comfortable atmosphere that appeals to men in search of getting trending current hairstyles and quality haircuts at affordable prices.
In 1987, the company started offering franchises, and currently, it has more than 2500 franchises, and the number of outlets is growing continuously day by day.
Over the years, it has established a strong position within the value-salon sector, and today it is known for its best service and serves more than 33 million customers annually.
Apart from this, it is also ranked #1 in the U.S haircut franchise arena. Moreover, Supercut was also ranked #3 in Entrepreneurs magazine’s Franchise 500 in 2016.
Supercut offers a ruminative franchise opportunity to entrepreneurs who have experience in business management and are willing to run multiple salons.
Subsequently, they also offer third-party financing as well as veteran discount.
Read: Drybar Franchise
Supercuts Franchise Model
Ideal Candidate For Supercuts Franchise
These are the following abilities Supercuts wants in their candidates:
- Have solid business experience
- Gently implement and execute company strategies.
- Desire to open and manage multiple salon outlets
- Potential to face challenges
Training Of Supercuts Franchise
Supercuts provide a training program to all new franchisees. A training program is specially designed by the parent company Regis Corporation.
The training program includes world-class training modules in business management, customer service, and recruiting. They also schedule calls daily to discuss the query related to training needs.
Subsequently, they also host an annual Regis Franchise Convection, which is designed for all franchisees to adapt to proven strategies, networks, and lean for enhancing the growth of the salon.
Term Of Agreement & Renewal
The initial length of the franchise agreement is 10 years. After the completion of 10 years, the franchisees have the option of renewing the term for another 5 years on the current terms and conditions of FDD.
Moreover, if franchisees are good in standing, then they may acquire two successor franchises- each for 5 years.
Restriction & Obligations
There are certain restrictions and obligations which are required to be followed by franchisees.
Every store has a one-site operation manager, and the store has all products & services as specified by the Supercut franchisors periodically. And the franchisees may not offer or sell any other product & services.
Supercuts Franchise Comparison
|Initial Investment||$200,000||$593,393 – $1,259,325|
|Annual Revenue||$99 Million||$64 million|
Frequently Asked Question
How many Supercuts franchises are there?
Supercuts has more than 2500 units across the U.S.
How much does it cost to own the Supercuts franchise?
An initial investment required to open Supercuts Franchise is $200,000.
Does the Supercuts franchise offer veterans discount?
Yes, the Supercuts franchisee offers veterans discounts on franchise fees to eligible candidates.
Where is Supercuts headquarters?
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise