Due to tough economic times some hair salon franchises are being forced to cut back and independent beauty salons are shutting down, however one hair salon franchise called Great Clips has real estate landlords aggressively pursuing them as a tenant for shopping centers across Canada and the U.S.
“There are two forces colliding in the real estate market and it's creating a windfall of opportunity for Great Clips franchisees: vacancies are up and rents are down,” said Rob Goggins, who is vice president of franchise development for Great Clips. “It’s a perfect storm that’s altering the landscape in the real estate market, and providing us with unprecedented opportunities.”
Great Clips franchise salons are being well received by Landlords, as value-priced haircuts can attract a large number of families. Also franchise finance companies will continue to lend money to Great Clips franchisees due to 21 consecutive quarters of same-store sales growth, this gives them confidence in the business model of this leading brand name.
“All this is happening while our fixture costs are declining, construction bids are more competitive, and our consumer sales are strong,” says Goggins. “Great Clips franchise owners are jumping on these opportunities and aggressively expanding.
“Our typical franchisee invests in Great Clips in order to transition out of corporate America or diversify their business portfolio. Successful franchisees usually come from the middle- and upper-level executive ranks of industry, or currently operate their own business. They possess strong management, leadership, communications and people skills. And, they don’t cut hair. They are CEOs of their Great Clips, managing people and growing their businesses.”
In December 2009, AllBusiness.com, a subsidiary of Dun & Bradstreet, released its 2010 Franchise AllStar 300 listing and yet again Great clips were ranked as the top hair salon franchise opportunity.
“This economy has made it easier than ever for Great Clips franchisees to gain access to the best centers,” explains Goggins, “now is a great time to invest in Great Clips, the world’s number one hair salon brand franchise.”
About Great Clips:
Great Clips is North America’s leading hair salon brand franchise with more than 2,800 salons easily located in high-visibility strip malls in almost 140 markets. Alongside its Dun & Bradstreet ranking, Great Clips maintains a consistent ranking within Entrepreneur magazine’s Franchise 500. Entrepreneur ranked Great Clips as one of its “Fastest Growing” and one of “America’s Top Global Franchises” in 2009. Franchise Times magazine ranked Great Clips 90th in system-wide sales in its annual Top 200 listing of worldwide franchise chains. For more information, contact Rob Goggins, vice president franchise development for Great Clips, at (952) 746-6467 and visit greatclipsfranchise.com. Great Clips, Inc., 7700 France Avenue S., Suite 425, Minneapolis, Minnesota 55435.
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