6/10

Franchimp Summary Rating

5 /10
Higher than 55% of peers

Franchise Summary

Description
The Franchise offered is for a hair salon furnished and designed to attract children and families using the names “Sharkey’s Cuts for Kids”.
Company Background
Sharkey's Guts for Kids is a hair salon that specializes in children and families! With our unique furniture, we offer the perfect environment to create lasting memories. We understand that kids' haircuts are often traumatic experiences, so we've created a space to make them as enjoyable as possible. Our experienced staff will provide you with quality service, from start to finish. Visit us today for your next haircut!
Franchise Opportunity
Retail stores have always struggled to attract children, especially in the hair salon industry. Sharkey's Guts for Kids is an innovative and exciting concept that will revolutionize the way kids visit a hair salon by making it fun! Our professional staff is trained on how to make your child feel comfortable and at ease during their appointment. We also offer free beverages for both parents and children, as well as complimentary cookies or fruit snacks while you wait with other families. We even have coloring books, crayons, puzzles and toys available if your child needs something to keep them busy while they wait. If you are looking for success in growing your business then look no further than Sharkey's Guts For Kids! With our unique design we can accommodate up to 4-6 families at one time depending on size of party booked. This allows us the opportunity to maximize profit per hour which means more revenue for you! You can book
Corporate Structure
Sharkey’s Cuts for Kids International Co., LLC is a Connecticut limited liability company formed on April 30, 2013. Their principal business address is 37 Highland Road, Westport, Connecticut 06880. They have been offering franchises since June 2013.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Child-Related Industry

$224,192 / unit

Franchise Type: Standard

Average Revenue During 2021

$224,192
$203,260
Industry Low
$1,798,771
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Sharkey's Cuts for Kids Franchisees

Sharkey's Cuts for Kids Franchise System Development in 2022

FAQ

How much investment do I need to start my own Sharkey's Cuts for Kids business?
Franchisees typically require at least $188 to $299 investment to get their Sharkey's Cuts for Kids business started
What are the initial franchise fees for Sharkey's Cuts for Kids?
Franchisees typically need to pay at least $159 in fees directly to Sharkey's Cuts for Kids in order to earn the right to launch their business
How much money can I make with a Sharkey's Cuts for Kids franchise? What are the average revenues for a typical Sharkey's Cuts for Kids business?
We estimate that the average revenue of an individual Sharkey's Cuts for Kids unit is approximately $224,192. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Sharkey's Cuts for Kids unit? What is my contractual commitment?
Sharkey's Cuts for Kids franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

5 /10
The Franchisor's investment costs ranges from $188,665 to $299,360 which is Much Higher than the $0 to $0 average in the Child-Related 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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