At a Glance
- Founded: 1974
- Locations: 1002
- Initial Investment: $ $145K - $316K
- Headquarters: Beverly, MA
- Category: Fitness & Beauty Hair Salons
With a Customer Base That’s Always Growing
Fantastic Sams offers professional, affordable, and on-trend service at over 800+ locations, with more to come. See what makes our salon franchise unique.
Women spend a significant sum on hair care and salon services in a life time, and they’re often looking for services beyond haircutting, such as color, facial waxing, blowouts and special events styling. They also crave the convenience of one-stop shopping for the whole family. By opening our salons to everyone and providing a full menu of services, many of our salons boast average tickets that are higher than the averages achieved by haircut-only chains.
With our full menu of salon services, including haircuts, color, styling, and facial waxing, Fantastic Sams offers franchisees multiple ways to maximize their revenues. We believe that this creates a safer, higher-ticket, higher-margin and more stable model than haircut-only models.
The salon industry is generally divided over three segments: premium, upscale (meaning high-quality but still accessible) and affordable. The majority of customers seek affordable services. Fantastic Sams offers this level of service in a hip, ultra-modern salon environment designed to increase average ticket prices and drive customer traffic. Now, our updated New Image design has infused fresh energy into our iconic brand, helping entrepreneurs across the country introduce a new generation of loyal clients to our salons.
The startup capital needed to open a Fantastic Sams franchise makes it accessible to many investors. We look for franchisees with a minimum net worth of $500,000 and at least $100,000 in liquid capital. Additional financing can be obtained through various financial and lending institutions of your choice.
Unlike a lot of franchise systems, where royalties are based on a percentage of gross sales, Fantastic Sams charges each location a flat fee per week. With flat-fee royalties, increases in sales net higher profit margins, because franchisees do not pay royalties on an incremental, percentage-of-gross basis. In other words, profits grow as you do!
Although business and entrepreneurial experience are helpful, salon experience is not required. Our ideal franchisee is an experienced businessperson who is passionate about their community and about customer service. They’re seeking an opportunity that’s stable and scalable.
Fantastic Sams franchise owners enjoy hands-on involvement, whether they choose to be an owner-operator or a multi-unit investor who hires a manager to help run the businesses. While this is not an absentee-owner model, franchise owners won’t have to leave their jobs to open a Fantastic Sams franchise. The role of the owner is focused heavily on the business’ P&Ls, marketing efforts, and effective management of the hired manager.