5/10

Franchimp Summary Rating

1 /10
Franchisee Attrition
Higher than 94% of peers
9 /10
Investment Accessibility
Lower than 12% of peers

Franchise Summary

Description
Fantastic Sams Salons Corporation grants franchises to own and operate Fantastic Sams® haircare salons. FantasticSams salons provide a full range of haircare products and services to men, women and children.
Company Background
Fantastic Sams is the leading hair salon franchise in the United States, with over 1,000 salons in North America. We offer a full range of haircare products and services to men, women and children; including hair cuts, styling treatments such as perms and colorings, plus hundreds of professional hair care products. Fantastic Sams Franchise Corporation offers franchises to own and operate Fantastic Sams(R) Hair Salons for individuals who have a passion for providing outstanding customer service while delivering incredible value for our guests.
Franchise Opportunity
In the competitive world of haircare, you need to stand out from your competitors. Our brand new website design is a great way for you to showcase your salon and reach more clients online. By using our proprietary SEO tools we can help increase traffic to your site by up to 20%. We also offer social media marketing services that will dramatically improve the number of likes, shares and followers on all major social networks including Facebook, Twitter and Instagram. You'll get an average conversion rate increase of 15% when adding our live chat feature directly onto your homepage! Fantastic Sams offers everything you need in order to succeed in this highly competitive industry. With over 900 salons worldwide we are one of the largest brands in hair care today. Franchisees enjoy ongoing training programs as well as support from their local leadership team at each salon location across North America. When partnering with us there's no limit on how far you can go!
Corporate Structure
Fantastic Sams Salons Corporation is a Delaware corporation that was formed on May 29, 2003. FSFC’s principal business address is 50 Dunham Road, Beverly, MA 01915. FSFC has offered Fantastic Sams regional licenses since September 11, 2003.

Franchisee Attrition

1 /10
This franchise's rate of attrition in 2019 of 8.21% was Slightly Higher than the 4% in the Beauty related services industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Fantastic Sams Franchisees

Fantastic Sams Franchise System Development in 2021

FAQ

How much investment do I need to start my own Fantastic Sams business?
Franchisees typically require at least $169 to $301 investment to get their Fantastic Sams business started
What are the initial franchise fees for Fantastic Sams?
Franchisees typically need to pay at least $10 in fees directly to Fantastic Sams in order to earn the right to launch their business
How much money can I make with a Fantastic Sams franchise? What are the average revenues for a typical Fantastic Sams business?
We haven’t done the math on how much revenue a typical Fantastic Sams brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $323,334 revenue, so we would expect Fantastic Sams to generate a similar amount
How long do I need to commit to running a Fantastic Sams unit? What is my contractual commitment?
Fantastic Sams franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

9 /10
The Franchisor's investment costs ranges from $169,000 to $301,000 which is Much Lower than the $0 to $0 average in the Beauty related services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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