The salon and hair-care industry is a $75-billion-a-year industry that’s growing by 8% a year. Within that industry, you’d be hard-pressed to find a more stable salon franchise chain than Fantastic Sams, which is the oldest full-service unisex salon franchise in the nation and has grown to more than 1,100 units over the past 40 years.
To buy a franchise with Fantastic Sams Hair Salons, you'll need to have at least $50,000 in liquid capital and a minimum net worth of $300,000. Franchisees can expect to make a total investment of $144,862 - $316,006. They also offer financing via 3rd party. *
|Financing:||Via 3rd party|
|Home Office:||Beverly, MA|
Fantastic Sams is a great alternative to costly, high-end salons. We set up shop in neighborhood shopping centers near where people live, we keep convenient hours, we accept walk-ins and we offer services for men, women and children. We offer families a one-stop family shop, which fosters intense customer loyalty. Four decades later we’re still growing strong with our trend-right salons.
Fantastic Sams has remained relevant because we specialize in offering affordable options for what full-service beauty salon customers seek.
“Owning a Fantastic Sams is an entrepreneur’s dream," says franchisee Rick, who has four salons in the Pittsburgh area. “They are not in your face every day. It’s like: ‘Here’s everything you need. If you need help, we’re there for you.’ And I like that.”
Fantastic Sams operates in the middle of the target of a high-growth but still mature $75-billion-a-year salon industry. Hair Salons are big business, especially salons that offer color services in addition to haircuts.
Regardless of the economy, people always need haircuts. Older women want to look younger. Younger women want to look more sophisticated. Everyone wants to look good. Multibillion-dollar industries don’t just go away.
Salon services can’t be replaced by technology, either. You can’t stream them through the internet or outsource them to other countries, and they aren’t subject to a host of dangers and threats that other businesses experience.
Since Fantastic Sams began, the United States has experienced six recessions. Many of our franchisees are 20- and 30-year veterans whose Fantastic Sams thrived through all of them. During tough economic times, women who would normally visit high-end salons look for something more affordable, which is the heart of our sweet spot.
“The guest service and training and development model that we have allows franchisees to come in and step into a full-service hair salon environment and be well-supported and stronger than what I’ve seen from competitors.” John Prichard, Minneapolis
“I think it’s recession-proof. Everybody needs haircuts. We offer family hair care at a mid-range price point. We are not going after the high-income folks, but I have stylists I’d put up against anybody...” Jerry Dalzell, Scottsdale, AZ
We want to clear up a misconception about the salon franchise industry right away: You do NOT have to have any experience as a stylist or working in a salon to be a successful franchisee. You just need a head for business. The ideal candidate will have a business acumen with marketing and customer service focus and will embrace the franchise model and process.
The Fantastic Sams brand you might remember from the 1970s was acquired in 2012 by Dessange International, a premium-luxury, multinational European beauty salon chain. Since then, we are growing, and we expect to double or triple our number of locations in the next five to 10 years. Now is a great time to research owning your own Fantastic Sams Hair Salons franchise.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington, D.C., West Virginia, Wisconsin, Wyoming
Interested parties should have at least $50,000 in liquid capital to invest.