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Home > Franchises > Fantastic Sams
Fantastic Sams
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Sam M. Ross started Fantastic Sams in July 1974, and the company began franchising in 1976, marketing its fixed fee system and no appointment necessary idea. The franchisor has full-service, family hair-care salons throughout the U.S. and worldwide. In addition to cuts, perms and coloring services, Fantastic Sams sells its own line of shampoos, conditioners, styling aids and color treatments. They are franchising since 1976 and they are the world’s largest hair care franchise, with salons located in 5 countries. With more than 1,350 full services, family hair care salons located throughout 5 countries, Fantastic provides its franchisees with more than 27 years of experience in hair care and business management.
They offer solid, proven systems which are continuously refined and will be kept ahead of the competition. The strength of their brand is toughened through a network of 701 salon owners and over 13,000 experienced stylists who deliver fantastic service every day. Their recruiting and retention systems make it easy to find and keep talented people, and they will support the franchisee with merchandising techniques, planning and financial management tools to help one run a profitable business. Their costs and fees include a total investment of 48,950-76,500 US dollars, a franchise fee of 34,950 US dollars, an ongoing royalty fee of 7 percent and terms of agreement for 10 years, renewable. Their stylists are continually attending classes presented by their own trainers to keep up with all the latest styles and trends.
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