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Fantastic Sams® is seeking highly motivated individuals with the desire, experience, and financial ability to own and operate their own hair salon business. Successful franchisees will have the following financial qualifications:
- Minimum Liquid Assets - $60,000
- Minimum Net Worth - $250,000
The above listed Requirements for a single hair salon franchise are guidelines only and may vary by region. For multiple salons, the actual requirements will be higher and vary according to the number of salons to be developed, the region and the agreed timeframe in which to open the salons . Complete our confidential questionnaire and the Development Representative for your region will contact you to discuss the franchise opportunity in more detail.
Store Development Costs
The following describes the typical investment for a single new Fantastic Sams Hair Salon Franchise. These costs could be lower or higher depending on the region.
Description
| Low
| High
|
Initial License Fee
| $12,500
| $30,000
|
New Owner Training
| 0
| 2,100
|
Travel & Living Expenses During Training
| 1,500
| 3,000
|
Leasehold Improvements (including architectural fees)
| 20,000
| 75,000
|
Rent & Utility Deposits
| 3,000
| 8,000
|
Initial Haircare Product Inventory
| 8,000
| 12,000
|
Salon Equipment
| 20,000
| 30,000
|
Other Equipment, Fixtures and Furnishings
| 3,000
| 7,000
|
Salon Supplies – Non Technical
| 2,500
| 3,500
|
Salon Identity & Graphics
| 1,500
| 2,500
|
Advertising (first 90 days)
| 7,500
| 15,000
|
Insurance
| 1,000
| 2,000
|
Additional Funds/Working Capital (3 months)
| 20,000
| 40,000
|
| Totals | $100,500 | $230,100 |
Note: This is an estimate only of the capital needed to open and operate your salon during the initial 12 months after you open your business. Fantastic Sams cannot guarantee that you will not have additional expenses starting the business.
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