Great Clips

Great Clips

Information based on 2024 FDD

Personal Care Services · Hair Salons, Skincare, Eyelashes, Nails

Investment min
$183K
Total: $183K–$414K
Avg gross revenue
$383K
Unit-level, 2024
Franchise fee
$20K–$35K
Per current disclosure
Royalty
6%
of gross revenue
Locations
4,427
Franchising since 1983

Description

What is Great Clips?

Great Clips stands as North America's leading hair salon franchise, revolutionizing the haircare industry since 1982 with a simple yet powerful concept: convenient, quality haircuts at affordable prices. With over 4,400 locations across the United States and Canada, Great Clips has mastered the art of consistent, professional hair care services while maintaining a welcoming, no-appointment-necessary atmosphere.

What sets Great Clips apart is their innovative approach to customer convenience. Their proprietary Online Check-In system allows customers to add their name to the waiting list before arriving at the salon, significantly reducing wait times. The franchise also features Clip Notes®, a unique technology that stores detailed records of each customer's haircut preferences, ensuring consistency across visits and locations.

The brand's success is built on a foundation of professional, well-trained stylists who specialize in haircuts for the entire family. From basic trims to modern styles, Great Clips stylists are equipped to handle diverse customer needs while maintaining high standards of service. The franchise's commitment to ongoing stylist education ensures that team members stay current with the latest trends and techniques.

Great Clips has earned a reputation for being particularly family-friendly, with specially trained stylists who excel at working with children and creating a comfortable environment for first-time haircuts. Their straightforward pricing structure, extended operating hours, and consistent service quality have made them a trusted name in communities across North America, making it an attractive opportunity for entrepreneurs seeking a proven business model in the personal care industry.
  • 4,400+ locations nationwide
  • 40+ years proven track record
  • No appointment necessary model
  • Lower investment than competitors
  • Recession-resistant hair care industry
  • Scalable multi-unit development opportunities

Location Analysis

Where Great Clips wins

Great Clips demonstrates robust market penetration with numerous locations across multiple states, showcasing particularly strong presence in the Midwest and Southeast regions. The brand maintains notable concentrations in key markets like Michigan, North Carolina, Illinois, Virginia, and Texas, indicating successful market adaptation across diverse geographic areas.

The franchise maintains a strong average rating of 4.3 out of 5.0 across thousands of customer reviews, suggesting consistent service quality and brand reputation across markets. This performance metric particularly stands out in competitive urban markets where personal care services are in high demand.

Successful Great Clips locations typically thrive in suburban retail corridors with strong daytime population, moderate-to-high household incomes, and proximity to residential areas. Key location criteria include visibility from major thoroughfares, adequate parking, and co-tenancy with daily needs retailers.

Significant expansion opportunities exist in several untapped states, particularly in the Northeast and Western regions. Demographics trending toward time-conscious consumers and value-oriented services support continued growth potential. Prospective franchisees should focus on markets with population densities above 50,000 within a 3-mile radius and median household incomes aligned with value-based service positioning.
Total US locations
4,427
Franchise units
4,427
Corporate locations
0
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind Great Clips

Avg gross revenue$382,633
Investment range$182,950 – $414,400
Investment midpoint$298,675
Brand fund5%
Royalty6%
Franchise fee$20,000–$35,000
Min. net worth
Min. liquid capital
Great Clips presents an accessible entry point into the personal care franchise sector with investment requirements of $182,950 - $414,400, positioning well below the sub-sector average range of $279,322 - $569,025. This lower barrier to entry makes it attractive for first-time franchisees or investors seeking multiple unit development opportunities.

The hair salon industry benefits from recession-resistant fundamentals, as haircuts represent essential personal maintenance rather than discretionary spending. With 4,427 units established since 1982, Great Clips demonstrates exceptional system maturity and operational stability, indicating proven business processes and comprehensive franchisor support infrastructure.

The reported gross revenue of $382,633 tracks slightly below the sub-sector average of $404,662, though this reflects the brand's focus on high-volume, value-oriented service delivery rather than premium positioning. The no-appointment model creates operational efficiency while serving broad demographic appeal.

Ideal investors should possess $150,000-200,000 in liquid capital and demonstrate strong operational management capabilities, as success depends heavily on staff training, customer throughput, and location optimization. The scalable business model supports multi-unit development for qualified operators.

Key considerations include market saturation in established territories, labor management challenges typical in service industries, and the need for consistent brand standard execution. However, the extensive unit count provides valuable benchmarking data and peer learning opportunities. Prospective franchisees should thoroughly review the FDD and conduct comprehensive market analysis before investment decisions.
Did you know? Did you know that opening your own Great Clips hair salon franchise - one of America's most recognizable affordable haircut chains - requires a total investment between $182,950 and $414,400, which covers everything from the franchise fee and salon build-out to equipment and initial marketing costs needed to start cutting hair and serving customers in your community?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$183K–$414K
Most common
$182,950
Minimum
$298,675
Midpoint
$414,400
Maximum

Per FDD Item 7, total initial investment ranges from $182,950 to $414,400. The midpoint $298,675 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$500K$400K$300K$200K$100KN/A
$354K
$383K
2022
2023
2024
Avg
$245K
YOY change (2023 -> 2024)
+8%

According to Item 19 of the Franchise Disclosure Document, Great Clips has an average gross revenue of $383K. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

0% YoY
5,0004,0003,0002,0001,0000
2017
2018
2019
2020
2021
2022
2023
2024
4,427 units open as of 2024 FDD

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for Great Clips's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a Great Clips franchise typically ranges between $182,950.00 and $414,400.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

Great Clips
Great Clips
$383K avg revenue · 4427+ US franchises

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