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With so many of America's industries moving overseas, it sometimes feels like there's no safe bet for investing in a local product. This is where the service industry comes in, since there is no way to ship haircuts to a plant in China or South America. If you're looking for a safe field that is always growing, the hair care industry makes a great choice.
Supercuts is one of the top franchises available, ranked number 3 overall and number 1 for its industry by Entrepreneur.
What You Should Know About Supercuts?
Supercuts is one of the fastest growing hair salon franchises, with more than 2,000 locations in the United States. The franchise began 40 years ago and is a full-service hair salon, performing cuts, colors, perms, styling, and more. In addition, these salons sell an enormous variety of hair care products, from shampoos and conditioners to gels and pomades to hairstyling devices. This level of variety helps create a robust revenue stream for franchisees.
Pros of Using Supercuts Hair Salon
Supercuts has proven to be an innovative company that takes advantage of changing technologies. For example, customers use Supercuts' online services to check into their favorite salon, select a preferred hair stylist, and request the service they need. In addition, Supercuts offers a range of services to satisfy its customers. The company employs stylists who understand current trends and have the ability to emulate different styles, increasing their ability to deliver quality services suited to the client's needs.
Points to Consider Before Opening a Supercuts Franchise
Services offered: This is vital, as the more services you offer, the more people will choose your franchise. People prefer the convenience of being able to obtain multiple treatments from a single salon. Offering your customers options such as waxing, scalp massages, and styling products broadens your appeal to a wider base of clientele.
Trained stylists: Without experienced, skilled stylists, your franchise will fail to build a loyal clientele. Like any other business, your success hinges on your employees. You need a team that brings in customers and makes them happy with your services.
Value: We recommend you look up the basic price ranges of Supercuts in your area to determine appropriate charges. As a brand, Supercuts is known for providing a great haircut at a great price. The company doesn't enforce uniform pricing across its franchises. However, to remain competitive, you should understand the pricing averages of other Supercuts locations, as well as comparable salons in your area. Sample pricing includes:
- Basic haircut: $10 to $15
- Haircut with shampoo: $15 to $20
- Haircut with shampoo and blow dry: $20 to $25
- Children's cut: $10 to $12
- Shampoo only: $5 to $10
- Scalp massage: $15 to $20
- Coloring: $45 to $50
What Does a Supercuts Franchise Cost?
In order to invest in a Supercuts franchise, you need at least $150,000 in liquid capital, and a net worth of at least $500,000. The cost breakdown includes:
- Initial franchise fee ranges between $10,000 and $30,000
- Leasehold improvements cost between $40,000 and $80,000
- Furniture, equipment, and supplies cost between $25,000 to $40,000
- Construction management fees average around $5,000
- Opening inventory costs between $5,000 and $10,000
- One month's rent and security deposit range from $4,000 to $15,000
- Marketing costs between $5,000 and $15,000
- Stylist training ranges between $200 to $300 per attendee
- Manager training ranges between $100 to $300 per attendee