---
title: "Sport Clips Haircuts Ranked by FORBES as a Top Ten Best Franchise to Buy"
url: https://burnaze.com/article/5f1bb5d8-cfd1-40d6-bca6-f8a396745b17
source: "1851 Franchise"
original_url: https://1851franchise.com/sport-clips-haircuts-ranked-by-forbes-as-a-top-ten-best-franchise-to-buy-2226
category: "Hair & salon suites"
industry: "Beauty & Wellness"
segment: "Hair & salon suites"
published: 2015-08-03T18:13:49.000Z
modified: 2026-11-01T22:34:27.455Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/8d777f385d3dfec8815d20f7496026dc4892.png
---

# Sport Clips Haircuts Ranked by FORBES as a Top Ten Best Franchise to Buy

**TL;DR:** Sport Clips Haircuts was ranked by Forbes as one of the top ten best franchises to buy, based on factors such as demand and continuity rate. The ranking was determined by research from FRANdata, which looked at 3,000 franchise brands.

*originally published in 1851 Franchise on 2015-08-03. [Read the original](https://1851franchise.com/sport-clips-haircuts-ranked-by-forbes-as-a-top-ten-best-franchise-to-buy-2226).*

## Story

Sport Clips* Haircuts was ranked by FORBES this week as a “Top Ten Best Franchise” to buy for its investment category. An article detailing this “first-ever critical list of best and worst franchises in America” will be in the publication’s June 16 issue. Research by FRANdata, looking at 3,000 franchise brands to determine the “best” and “worst” franchises to buy, primarily focused on:

- Demand for the brand, based on the systems’ growth rate between 2008 and 2012.

- Success rated by the “continuity rate” between 2008 and 2012….what percentage of stores already open in 2008 plus those that were opened in the period, remained open in 2012

Additional consideration for the ranking was given to franchise transparency, whether a system is self-sufficient without new franchise sales, and average investment. To make it into the top 10, a brand had to meet additional criteria that focused on performance and how supportive the franchisor is with regard to being “lender friendly.”

Sport Clips took the number two spot in the $150,001 - $500,000 investment range.

“We know Sport Clips is a leading franchise opportunity, and the data FRANdata used to support this ranking by such an impressive media entity as FORBES validates this for our existing franchisees and those who are considering a franchise investment,” said Gordon Logan, founder and CEO of Sport Clips. “In 20 years, Sport Clips has grown to more than 1,200 stores across the country with very few closings. Our success rate is truly remarkable for a brand our size, and having only three closures since 2010 while opening over 400 new locations is a record of which we are very proud.

“The ‘demand’ measurement in the ranking is something we see firsthand, as Sport Clips is increasingly the brand of choice for hair care clients. Often our clients enjoy their experience so much they decide to join us as franchisees. Our same store sales continue to grow each year at a rate unmatched in our category, averaging approximately 9 percent per year for the past four years.”

Sport Clips opened 151 stores across the country and in Canada in 2013 and expects to open up to 200 stores in 2014, with special growth emphasis on the Northeast, mid-Atlantic states and the West Coast.

FORBES points out the impact of franchises on the U.S. economy with an estimated 770,000 franchise establishments employing 8.5 million Americans and creating $840 billion in output, according to HIS Global Insight in a report for the International Franchise Association, of which Sport Clips is a member.

## Entities

- 1851 Franchise (publication)
- Beauty & Wellness (sector)
- franchise ranking (topic)
- International Franchise Association (company)
- Forbes (company)
- franchise investment (topic)
- FRANdata (company)
- Sport Clips Haircuts (company)
- Gordon Logan (person)
- best franchises to buy (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/sport-clips-haircuts-ranked-by-forbes-as-a-top-ten-best-franchise-to-buy-2226). Summarized by Burnaze (https://burnaze.com/article/5f1bb5d8-cfd1-40d6-bca6-f8a396745b17).