Question 1

How much does it cost to open a Great Clips franchise?

Accepted Answer

The total initial investment for a Great Clips franchise ranges from $188K to $420K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Great Clips franchise fee?

Accepted Answer

The initial franchise fee for Great Clips is $20K.

Question 3

What are the net worth requirements for a Great Clips franchise?

Accepted Answer

Net worth requirements for Great Clips are specified in the Franchise Disclosure Document.

Question 4

Does Great Clips require a personal guarantee?

Accepted Answer

Yes, Great Clips requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Great Clips franchise?

Accepted Answer

Equipment costs for a Great Clips franchise range from $40K to $55K. Initial inventory costs range from $5K to $6K.