If you’re looking for opportunity, success, freedom, and fun — a Snip-its franchise may be perfect for you. Snip-its is the smart, recession-resistant opportunity perfect for first time business owners, parents, families, or couples who want to start their own business this year. You don't need to be a licensed cosmetologist or a retail expert to become a Snip-its franchisee!.
2. Agenda Is Now A Good Time To Go Into Business For Yourself? Why a Franchise? Why The Hair Industry? Why Snip-its? Next Steps
3. Is Now a Good Time to go into Business for Yourself? Economic Uncertainty Desire to Control Your Own Future Job Security Alternative to Retirement Diversifying your Investments Take advantage of record lows in commercial real estate
4. Why Invest in a Franchise? Nearly 50% of all retail business in the United States is done through franchises Franchise businesses employ more than 14 million Americans One out of every 12 businesses in the United States is a franchised business 80% of other businesses fail in the first two years (U.S. Department of Labor and IFA) Franchise business owners, on the average, live within 10 miles of their franchise In 2000, the median gross annual income before taxes of franchisees was in the $75,000 to $124,000 range, with over 30% of franchises earning over $150,000
5. Don’t Take My Word For It A seven-year study found that 91% of franchised businesses were still operating compared to a mere 20% of individual startups- source: entrepreneur.com Boston Globe (boston.com) ran article today “Buying into a franchise can take uncertainty out of getting started” “Trish Harrington brought her 6-year-old daughter to a birthday party at Snip-its in North Attleborough and fell in love with the children’s hair salon. A CPA and controller at a Rhode Island financing company, she went home, did her homework, and four months later signed an agreement with the Natick”-based franchise to develop three new locations.
6. Why Invest in Hair Salon Industry? Big Business: $45 Billion Dollar Industry Children’s Segment is $5 Billion NBC News recently reported number of children enrolled in Elementary school has exceeded the baby boomer years by over a million. Recession Resistant Absentee Model Simple Operations
7. Why Snip-its? History of Snip-its from our founder, Joanna Meiseles How Much Does it Cost to Open a Snip-its? How does Snipits assist in finding a good location? How do you learn to operate your Snip-its? What type of marketing and ongoing support does Snip-its corporation offer?
19. The Secret Snip-its Sauce Snip-its has created an Entertaining Concept Entertainment has a purpose, not a gimmick Offer distraction Help children form positive associations Major differentiator against competition Grounded in the Snip-its Gang
20. Snip-its Hair Care Line Proprietary Line formulated just for kids All natural, irritant-free, alcohol free, botanical extracts Flavored shampoos are tear-free Spray Mouse is best seller!
21. Snip-its Parties Service Extension Not many options for girls Big benefits Very Profitable service Great marketing vehicle Types: Glamour Trip-to-Hollywood Style-A-Doll Goal 20% of total revenue
22. How Much Does It Cost to Open a Snip-its? Express Unit Turn-key cost ranges from $127,775 - $187,850 No party room, Average 700 sq ft Includes franchise fee of $25,000 Traditional Salon Turn-key cost ranges from $141,189-$273,731 Party Room, Average 1200 sq ft Royalties 1st year 5%, increases to 6%
23. Location! Location! Location! Lifestyle/Power Center Regional Retail Centers 15,ooo kids in 10 minute drive time Ages 0 – 9 Open 7 days per week, apx 55 hours per week Site selection available
24. Snip-its Team Members Staff of 7 – 10 Employees Manager Licensed Cosmetologists Regulated by the state Specialized Snip-its Training Receptionist Party Supervisor
25. Snip-its Franchise Support System Be in business for yourself, but not by yourself Training Grand Opening and Ongoing Artistic Training Operational Support Financial Operations To Provide all the tools and support necessary for Snip-its franchisees to open and operate a successful and rewarding Snip-its business
37. Marketing Support Seasonal Promotional Calendar Back to School Holiday Spring Schools out for Summer Marketing Vehicles In Store Direct Mail Print PR
40. Next Steps Fill out Franchise Application Interview with Director of Sales Receive and Review Federal Disclosure Document Speak with Current Salon Owners Interview with CEO, Jim George Sign Franchise Agreement – Pay $25,000 Franchise Fee Start Site Selection