Hair care franchises have always been positioned as a recession resistant franchise model, but frankly up until now I dont know that statement has ever been tested. Well now it has and the results indicate that no matter what the economic times, people will need to get a haircut.
Overall, Sport Clips had a very productive 2008 and has experienced a fair amount of positive notoriety as the brand recognition continues to grow.
- We opened 123 new stores which now bring our total store count in 36 states to 654 stores
- We are now 27th on the 100 Fastest Growing Franchise list
- We are now 26th on the Entrepreneur Top 500 Franchise list
- We are on the Small Business Administration (SBA) top 25 franchisor list for loan payment performance.
Sport Clips is moving forward in 2009 with enthusiasm and energy.
- We are scheduled to open 150 new stores
- Landlords and developers are flooding us with site locations; quoting lower rent and offering higher contributions toward leasehold improvements.
- Our third party financing resources look forward to working with our new owners with their financing needs
- Our balance sheet is strong and our management team is well seasoned.
The Sport Clips franchise model has high appeal for someone looking to own a semi-absentee business. It is an excellent opportunity for someone looking for a secondary income while they maintain their employment, a stay at home mom who now has the time to own a business, an early retiree looking for supplemental income or someone looking to develop an income replacement exist strategy for when they leave their job.
Once you understand our franchise model and the per store revenue, all of these situations can be address with either a single or multi store ownership. If you think it is time to take charge of your financial future, owning a Sport Clips franchise is one way you can direct your financial future regardless of the economic times.
