Fantastic Sams
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Fantastic Sams has firmly established itself in the booming multibillion-dollar hair care industry with the belief that every customer should be greeted with “honesty, integrity and responsiveness.” The one-stop shop for women, men and children of all ages provides a wide range of quality services—haircuts and styles, up-dos, straightening, coloring, highlights, texturizing, beard and mustache trims, facial waxing and hair treatments—at affordable prices and without the need for appointments. In addition, Fantastic Sams offers its own high-quality propriety line of shampoos, conditioners and styling aides.
Fantastic Sams serves over half a million guests per week in more than 1,200 salons in North America. With nearly 40 years of business and franchising experience, it is one of the most recognized names in the hair care industry today.
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Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised | 1,231 | 1,210 | 1,171 |
| | % Change | -- | -1.7% | -3.2% |
| | Company-Owned | 138 | 116 | 108 |
| | % Change | -- | -15.9% | -6.9% |
| | Total | 1,369 |
1,326 | 1,279 |
| | % Change | -- | -3.2% | -3.5% |
| | Franchised as % of Total |
89.9% |
91.3% |
91.6% |
Investment Required
The fee for a single Fantastic Sams franchise is $30,000.
Fantastic Sams provides the following range of investments required to open your initial single franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
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Item | Established Low Range | Established High Range |
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Initial Franchise Fee | $30,000 | $30,000 |
| | New Owner/SFC Training Fee | $0 | $2,600 |
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Expenses While Training | $1,500 | $3,000 |
| | Leasehold Improvements | $20,000 | $80,000 |
| | Rent and Utility Deposit | $3,000 | $7,000 |
| | Initial Haircare Product Inventory (60 days) | $8,000 | $12,000 |
| | Salon Equipment | $18,000 | $25,000 |
| | Other Equipment, Fixtures, and Furnishings | $3,000 | $7,000 |
| | Salon Supplies (60 days) | $2,500 | $3,500 |
| | Salon Identity and Graphics Kit | $500 | $1,500 |
| | Advertising (first 90 days) | $7,500 | $15,000 |
| | Insurance | $1,000 | $2,000 |
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Additional Funds (3 Months) | $20,000 | $40,000 |
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Total Initial Investment | $115,000 | $228,600 |
Ongoing Expenses
Fantastic Sams franchisees pay on-going license fees of $325.21 per week and a national advertising fund fee of $130.32 per week. Additional fees include a regional/local advertising fund fee, when applicable.
NOTE: The fees noted above are for corporate-owned regions. Fees in other regions may differ, so please consult the specific FDD for the territory you are interested in.
What You Get—Training and Support
Owner and manager classes consist of a minimum of five days of training and are held approximately four times a year in California, Massachusetts or an alternative site; hairstylist classes are held throughout the year at designated facilities. The owner and manager training covers the history of the Fantastic Sams system, salon operations, accounting system, inventory control, financial management, human resources, product knowledge, customer and employee relations, advertising/marketing and more. The hairstylist training includes hairstyling techniques, the Fantastic Sams system and sales training. Regional seminars are also provided periodically.
A staff of over 50 professional instructors offers ongoing support in operations, products and promotions. National conferences play a key role in motivating franchisees, allowing them to network and gain more training. The Fantastic Sams name is given fresh exposure annually through coordinated efforts in national and regional advertising campaigns.
Territory
Fantastic Sams grants a protected area within a half-mile radius of the salon location.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2012 Edition of Bond’s Hottest New Franchises publication.
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