- 2023 Franchise 500 Rank
-
#315Not ranked last year
- Initial investment
-
$492K - $1.5M
- Units as of 2022
-
117 1% over 3 years
Company Overview
About HairClub
Industry | Personal-Care Businesses |
---|---|
Related Categories | Hair Care |
Founded | 1976 |
Leadership | Rich Narcisi, VP, Franchise Operations |
Corporate Address | 1499 W Palmetto Park Rd., #300 Boca Raton, FL 33486 |
Business Overview
Franchising Since | 1979(44 years) |
---|---|
# of employees at HQ | 75 |
Where seeking | This company is offering new franchisees throughout the US. |
# of Units | 117(as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a HairClub franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$25,000 - $50,000 |
---|---|
Initial Investment |
$491,733 - $1,516,083 |
Net Worth Requirement |
$600,000 |
Cash Requirement |
$200,000 |
Veteran Incentives |
10% off franchise fee |
Royalty Fee |
6% |
Ad Royalty Fee |
Varies |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | HairClub has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 200 hours |
---|---|
Classroom Training | 200 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
Are exclusive territories available? |
Yes |
Franchise 500 Ranking History
Compare where HairClub landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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