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 will discuss the significant facts related to the Supercuts franchise, like its profitability, cost, fees, and everything that needs to be known before investing in it. So, let’s begin.
Interested In Supercuts Franchise?
About Supercuts
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 seeking 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 daily.
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
| Initial Investment | $200,000 |
| Franchise-Fee | $20,000 |
| Liquidity | $80,000 |
| Royalty-Fee | 6% |
| Area requirement | N/A |
| Total Outlets | 2500 |
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, designed for all franchisees to adapt to proven strategies, networks, and lean for enhancing the salon’s growth.
Term Of Agreement & Renewal
The initial length of the franchise agreement is 10 years. After the completion of 10 years, the franchisees can renew the term for another 5 years on the current terms and conditions of FDD.
Moreover, if franchisees are good in standing, they may acquire two successor franchises for 5 years.
Restriction & Obligations
There are certain restrictions and obligations 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
| Company | Supercuts | Drybar |
|---|---|---|
| Founded In | 1975 | 2008 |
| Initial Investment | $200,000 | $593,393 – $1,259,325 |
| Franchise-Fee | $20,000 | $50,000 |
| Liquidity | $80,000 | $250,000 |
| Total Outlet | 2500 | 145 |
| 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.
Does the Supercuts franchise offer veterans discount?
Yes, the Supercuts franchisee offers veterans discounts on franchise fees to eligible candidates.
Where is Supercuts headquarters?
Minneapolis, Minnesota
Is Supercuts a franchise?
Yes, Supercuts is a hair salon retail store that offers franchises across the U.S.
How much does a Supercuts franchise cost?
The total investment required to begin the operation of the Supercuts franchise ranges from $200,000 to a franchise fee of $20,000.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.