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Home > Franchises > Sport Clips
Sport Clips
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.
Gordon Logan who is the president of Sport Clips conceived the Sport Clips idea in 1993 and started its first franchised store in Houston two years afterward. Designed to target a formerly underserved market, this franchisee caters to men and boys by providing hassle-free hairstyling in a sports-themed environment. The company started franchising in 1995.
Sport Clips provides Sports-themed barbershop targeting men as well as boys. Franchisor is a privately-held company with 30 employees and 6 employees in the franchise department. For their good service some cost or fee structures are available like total investment of 165 thousand dollars, franchise fee of 49.5 thousand dollars, ongoing royalty fee of 6 percent, term of agreement of 5 years and a renewal fee of 3.5 thousand dollars.
For their excellent service they have achieved good position. They have ranked Franchise 500 rank number 45 in 2005, according to the rankings in Entrepreneur magazine 2002-2006. They are a great opportunity to start a small business as a hair care franchise. Their company is ranked as a top business franchise by Entrepreneur magazine included in the Top 500 franchises in each of the last six years. They are opening 1 new franchise a week and are dedicated that every one of their sports-themed hair salon franchises is a success.
With all the continuous hard efforts of all the members of the firm has made it one of the best in the business and has helped them reach to the pinnacle where others can only imagine of reaching. Customer support is one of their primary objective and they strive very hard to fulfill this objective.
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