Top 10 Hair Salon Franchises That Are Worth Your Investment

Franchising is becoming a substantial part of the personal care industry and can be an excellent way to start your salon business. There are several options available for franchisees to choose from. You may want to focus on barber services, salon and spa services, kids’ cuts, or a regular hair salon business. Below are the top 10 hair salon franchises we’ve found to help you find the best franchise.

1. Cost Cutters

Cost Cutters has over 700 salons in 37 states. It offers a full range of hair services at affordable prices. Cost Cutters’ professional stylists help their clients find the hairstyle and services suitable to their lifestyle. 

Cost Cutters was established in 1982 under Regis Corporation. They require new franchisees to have at least $250,000 in assets and a net worth of $1 million to open a franchise. On the other hand, the initial investment can be as much as $180,000.

2. Roosters Men’s Grooming

This barbershop chain is also part of the Regis Corporation and was established in 1999. Currently, Roosters Men’s Grooming has 85 different locations across North America. They train new franchisees, so you don’t have to worry about lacking prior hair salon operation experience. 

The total initial investment required to join the franchise starts at $189,500. Meanwhile, the franchise’s fee is $39,500. They also need prospective franchisees to have at least $150,000 in liquid assets upon signing up. 

3. ManCave For Men

And for the third among our hair salon franchises, we will feature the ManCave barber shop. They also offer other grooming services, such as massage and skincare. ManCave for Men salons are equipped with comfortable leather barber chairs and flat TVs. Plus, they offer complimentary drinks served upon each gentleman’s arrival.

Expect to pay $45,000 to join and somewhere between $99,500 to %166,500 for the initial costs.

4. Great Clips

Here’s a salon chain that promotes community involvement and raises money to support various causes. Great Clips has more than 4,400 locations across North America. This family-friendly hair salon doesn’t require appointments to get an adult’s or kid’s haircut.

The initial franchise fee for joining Great Clips is $20,000, while the total investment ranges from $136,900 to $259,400.

5. Supercuts

Our next featured company was featured as one of their top 15 franchises by the Entrepreneur magazine. Supercuts is another Regis franchise established in 1979, specializing in fast and affordable haircuts. Aside from haircuts, they also offer various services, including tea tree scalp massages, waxing services, and hair color services. 

Opening a Supercuts franchise costs between $10,000 and $30,000. They also require franchisees to have at least $150,000 in liquid assets and a net worth of $500,000.

6. MY SALON Suite

MY SALON Suite, quite a newcomer in the hair salon franchising scene, was founded in 2010. It specializes in providing a luxury experience with a variety of different beauty services in addition to regular haircuts. Likewise, their suite rentals are open to other beauty professionals across the industry.

To join MY SALON Suite, you should have at least a $1 million net worth, $200,000 in available funds, and a good credit score.

7. Cookie Cutters Haircuts for Kids

Who said these hair salon franchises were just for adults? This hair salon caters to kids and they have professional staff only use kid-friendly products.

Family-owned, Cookie Cutters offers kids and family-friendly experiences, with playgrounds inside their units and free candies given out after each haircut. The hair salon boasts an average revenue of 25.6% net profit on each shop. They currently have 114 salons in the U.S. 

The initial franchise fee is around $40,000, and the company will require you to fill out an application to join them.

8. Image Studios 360

Established in 2010, this hair salon chain offers a modern but affordable customer experience and exceptional franchising support. Image Studios 360 offers specialized business plans and assistance with getting set up.

A franchisee must prepare $500,000 as capital and a minimum of $49,750 for the franchise fees to join Image Studios 360 franchise.

9. Fantastic Sam’s

Having been featured in Entrepreneur’s Franchise 500 and other publications, Fantastic Sam’s is a big name in the hair care sector. Fantastic Sam’s hair salon offers a full range of affordable services.

To open a Fantastic Sam’s franchise, an aspiring franchisee must prepare an initial investment fee ranging from $144,862 to $316,606. 

10. Scissors & Scotch

A sophisticated barbershop, Scissors & Scotch serves clients a free drink with their haircuts and offers a full-service bar. Franchisees can access business-related services, from choosing a location to setting up their marketing and website.

To buy a Scissors & Scotch franchise, you’ll need at least $45,000 for a single unit and $433,050 to $628,500 total.

Conclusion

Franchising is an excellent way to get into the hair salon business because plenty of materials and training are accessible to every franchisee. Like other businesses, you must be familiar with the most common questions when opening a franchise. 

Before joining a hair salon franchise, look at the available opportunities and set up a budget and wishlist of the ones you might like to join. More importantly, you must check the company website for the fine print and more details about their franchise opportunities.