The June issue featured the second annual rankings of “best” and “worst” franchises in America separated into three categories, based on entry costs: up to $150,000; $150,000 to $500,000; and over $500,000.
Based on research conducted by FRANdata, FORBES ranked Sport Clips number seven in the $150K-$500K category. FRANdata assessed each of the franchises listed according to their five-year growth rates and five-year continuity rates, a measure of how often an individual franchise has changed hands, in addition to their entry costs.
Sport Clips Haircuts is headquartered in Georgetown, Texas. It was established in 1993 by founder and CEO Gordon Logan and started franchising in 1995. The sports-themed haircutting franchise, which specializes in haircuts for men and boys, is ranked by Entrepreneur as one of the Top 10 ”Fastest-Growing Franchises” and ranks 36th in the “Franchise 500.” It is also ranked by FORBES as a “Top Ten Best Franchise” to buy for its investment category. With more than 1,400 Sport Clips stores, new locations open each month in the U.S. and Canada. Sport Clips is the “Official Haircutter” of the Veterans of Foreign Wars (VFW), offers veterans preferential pricing on haircuts and franchises, and was named as one of the “2016 Best for Vets: Franchises” by Military Times. Its “Help A Hero” program has raised more than $3 million to help deployed and hospitalized U.S. service members call home through the VFW’s Operation Uplink™ and to provide scholarships for veterans transitioning to a civilian career. Sport Clips is a proud sponsor of Joe Gibbs Racing’s Denny Hamlin and Carl Edwards, and partners with numerous NCAA and professional sports teams.