No matter what economic conditions were in people need to get their hair cut! This can make owning a SuperCuts franchise a rewarding business decision. For over 30 years, SuperCuts has remained a pioneer in aﬀordable haircuts. Today, SuperCuts salons perform over three million haircuts every month in 1,000 cities across the world. The company targets male clients looking for the latest hair cut at an aﬀordable rate and in a convenient location.
Entrepreneur magazine has rated SuperCuts as the top salon brand in 2006. Great support and topnotch training has led to its success. Many franchisees (about 82%) own more than one unit and this speaks volumes for the establishment. SuperCuts oﬀer new franchisee orientation, as well as ongoing operational, marketing and technical support for the existing franchisees.
SuperCuts need franchisees to have a net worth of $300,000 with a cash liquidity requirement of $100,000. The initial investment is as low as $22,500 with each additional franchise for only $12,500. No salon experience is necessary to run one, SuperCuts will teach you all you need to know. Although many entrepreneurs interested in this type of business are usually the stylists looking for their own salon. The number of employees required to run a franchised unit is 6 to 8.
SuperCuts has found a niche market by targeting male customers and for the value-salon sector this move has paid oﬀ in a handsome manner. SuperCuts is one of the strongest salon brands in its category in the U.S. with over 2,100 locations across the U.S., Canada, Puerto Rico and the United Kingdom. They exploit the male consumer traditional nature of loyalty. While doing so, SuperCuts strives to maintain the consistency their male clients are looking for.
SuperCuts secured no. 30 position in the Entrepreneur magazine’s “Franchise 500” 2007 Rankings. It has also been ranked no. 1 in the hair-care category for ﬁve consecutive years in a row. Although this sounds like a brilliant all round business idea, there is one important factor to consider. Shopping center overheads combined with low dollar prices means high traﬃc is necessary to keep the revenues fruitful.