Sport Clips Ranks Top 10 in Entrepreneur “Franchise 500” Ranking

Sport Clips* Haircuts is honored to be ranked in the top ten franchise opportunities by Entrepreneur Magazine in 2018 for the second year in a row. The esteemed annual Entrepreneur “Franchise 500”, is the most comprehensive franchise ranking in the world. It recognizes franchises for outstanding performance in areas including financial strength and stability, growth rate and brand power based on a formula which includes over 150 data points.

More than 1,000 franchises each year submit information for consideration by the magazine. “With three brands ranking in the top 15, it is clear the haircare segment is a great place for any candidate to focus their interest. If you examine the average unit volumes, sales growth, closures and diversification strategies of each brand, Sport Clips clearly stands out,” says Dave Wells, Sport Clips’ senior director of franchising.

Steadily climbing the ranking over the years and claiming a top spot for the second time in a row is validation of the brand’s strong position, presence and responsible growth strategy. This demonstrates its continued dominance as leaders in the haircare industry. With more than 1,700 stores, Sport Clips is the only haircutting franchise with a presence in all 50 states and Canada.

Wells says, “With so many brands under consideration for this ranking, this is a tremendous honor and accomplishment for us. We have been successful because of our business model and franchisees who follow the proven system. Our support teams, leadership and core values have also contributed to a solid foundation from which to grow.”

He continues, “The business model works for franchisees; our clients enjoy the championship experience; and we are a place stylists and beauty professionals enjoy working. We look forward to continuing to grow the brand in strategic markets this year.”

For franchise buyers considering a semi-absentee business model, Sport Clips has a proven business model. Its training programs and advanced support tools ensure franchises have every chance of success. The brand has exceptionally high franchisee satisfaction rates, and maintains an impressive continuity rate of 99.4 percent. The model is highly scalable, with the manager led structure allowing business owners flexibility and freedom, as well as stability.