Fidelity Investments: Sport Clips' Financial Management Partner

Sport Clips is a men's hair salon franchise with over 1,800 locations open or in development. It is one of the fastest-growing franchises in its category and is a lower-cost investment with the potential for high returns. The initial investment to open a new Sport Clips franchise ranges from $266,300 to $439,500, which includes the franchise fee, build-out costs, Grand Opening marketing expenses, and working capital. Sport Clips also offers a 20% discount on the franchise fee for qualified military veterans.

On the other hand, Fidelity Investments is a financial services company that offers a wide range of investment options, including stocks, ETFs, mutual funds, bonds, and more. They provide resources and support for investors, such as research tools, educational content, and 24/7 access to investment consultants. Fidelity also offers various accounts, such as brokerage accounts, retirement accounts, and cash management products, with no fees or minimums to open a retail brokerage account.

In conclusion, while Sport Clips and Fidelity are both companies that offer investment opportunities, they operate in different industries and have distinct business models. Sport Clips is a franchise business in the hair salon industry, while Fidelity is a financial services company providing investment options and accounts.

Sport Clips franchise investment fees

Sport Clips is a men's and boys' hair salon franchise with a current presence of around 1,800 locations across the US and Canada. The company was founded by Gordon Logan in 1993 and began offering franchise opportunities in 1995.

The estimated total investment to open a new Sport Clips franchise ranges from $266,300 to $463,000, which includes the initial franchise fee, build-out costs, Grand Opening marketing expenses, and up to six months of working capital.

The franchise fee is $69,500, which covers the first three licenses, with each additional license costing $15,000. This fee grants access to Sport Clips' business model, training, and support platforms, as well as tools, resources, and coaching.

Sport Clips also requires new Team Leaders to purchase three licenses to franchise with them, ensuring continued growth plans and the ability to capitalise on brand recognition. However, exceptions are made for territories where multi-unit expansion is not possible, as well as for qualified veterans and store managers aspiring to become Team Leaders.

• Initial Franchise Fee: $69,500
• Travel and Living Expenses during Initial Training: $4,000-$6,000
• Fixtures and Equipment (including computer equipment): $100,500-$165,000
• Leasehold Improvements: $1,000-$5,000
• Supplemental Services Fee: $3,000-$5,000
• Permits and Licenses: $4,000-$8,000
• Miscellaneous Opening Costs: $3,000-$5,000
• Suppliers, Utilities, etc.: $1,300-$2,500
• Grand Opening Advertising: $40,000-$75,000
• Additional Funds - 6 months: $40,000-$75,000

Sport Clips franchise financing

Sport Clips is a sports-themed hairdressing chain that caters exclusively to men and boys. It is one of the fastest-growing men's hair salon franchises in the US. The company was established in 1993 and now operates approximately 1,800 salons across North America.

The estimated total investment to open a new Sport Clips franchise ranges from $266,300 to $439,500, which includes the initial franchise fee, the costs of the build-out, Grand Opening marketing expenses, and up to six months of working capital. Sport Clips also requires new Team Leaders to purchase three licenses to franchise with them, at a cost of $69,500 for the first three licenses and $15,000 for each additional license.

While Sport Clips does not offer direct access to financing, they do have relationships with third-party lenders who can help secure the necessary funds. To qualify for a Sport Clips franchise, you'll need a minimum net worth of $400,000 and liquid assets of at least $200,000.

After opening a Sport Clips franchise, you can expect to pay the usual range of ongoing fees, including:

• Royalty fee: 6% of net sales
• Advertising fee: $300 per week, or 5% of net sales, whichever is higher
• Training fee: Base training fee of $25 per week, plus a percentage training fee of $60 per week or 1% of net sales, whichever is higher
• Stylist recruitment fee: 1% of net sales
• Technology fee: 1% of net sales
• Local advertising cooperative fee: Up to $300 per week
• Computer software maintenance fee: $165 per month

Sport Clips franchise opportunities

Overview

Sport Clips is a men's sports-themed hair salon franchise that provides clients with a "championship haircut experience" at a reasonable price while watching sports on TV. With more than 1,800 locations across the U.S. and Canada, Sport Clips is the first brand to specialise in haircuts for men and boys.

Investment Details

The estimated total investment to open one new Sport Clips franchise ranges from $266,300 to $439,500, which includes the initial franchise fee, build-out costs, Grand Opening marketing expenses, and up to six months of working capital.

The franchise fee is $69,500, which covers the first three licenses, and $15,000 for each additional license. Sport Clips also offers a 20% discount on the initial franchise fee for qualified military veterans.

Support and Training

Sport Clips provides comprehensive training and support, including:

• Site selection and third-party financing assistance
• Store construction and set-up
• Pre-opening procedures and post-opening follow-up
• Stylist recruitment guidance
• Grand Opening plans and a dedicated team to assist with the launch
• Neighbourhood marketing plans
• Networking and learning opportunities

Business Model

Sport Clips is a manager-style business model designed for scalability to multiple units. As a semi-absentee/manager-style business model, Sport Clips encourages franchise owners to hire a manager to run the day-to-day operations while they maintain their current career. The primary responsibility of the owner is to build a positive company culture and market the business.

Revenue and Earnings

Sport Clips operates in a $75 billion industry with repeat customers. In the U.S., a franchise owner typically earns $75,000 to $125,000 annually.

Sport Clips franchise support

Sport Clips is a franchise specialising in men's and boys' haircuts. It is one of the fastest-growing franchises in the nation, with over 1,800 locations open or in development. The company provides a comprehensive support platform to help franchisees thrive, including training and ongoing support for store managers and stylists.

The estimated total investment to open a new Sport Clips franchise ranges from $266,300 to $439,500, which includes the initial franchise fee, build-out costs, grand opening costs, and six months of working capital. The franchise fee for the first three licenses is $69,500, and $15,000 for each additional license. This fee covers access to Sport Clips' proven business model, training, and ongoing support, as well as tools, resources, and coaching.

Sport Clips also provides support in site selection, helping franchisees secure the right location for their store. They have a dedicated team that works with landlords and developers to secure prime locations. When a franchisee is ready to open their store, Sport Clips sends a team of coaches to train managers and stylists on their haircutting methodology and services. They also provide a comprehensive marketing strategy to help attract new customers.

In addition, Sport Clips offers advanced training and career pathways for stylists, allowing them to guide their futures based on their passions and interests. The company recognises the importance of stylists as the most critical part of the business and provides ongoing support to help franchisees recruit and retain top talent.

Sport Clips also has relationships with third-party lenders to help franchisees secure the necessary funds to invest in the franchise. They also offer a 20% discount on the initial franchise fee for qualified military veterans.

Fidelity investment accounts

Fidelity offers a range of investment accounts to suit different needs. Here is an overview of some of their account types:

The Fidelity Account

The Fidelity Account is a full-featured, low-cost brokerage account that offers a wide range of investment choices, including stocks, ETFs, options, mutual funds, bonds, CDs, and precious metals. It provides access to over 3,700 no-transaction-fee mutual funds and more than 30,000 investment-grade bonds. The account also includes powerful trading tools, such as a trading website, mobile trading applications, and advanced tools for active traders. In addition, it offers free, independent research from 20+ providers and $0 commission for online US stock, ETF, and option trades.

Fidelity Roth IRA

The Fidelity Roth IRA is a flexible retirement savings account that allows individuals to save for retirement while balancing long-term goals with short-term needs. It offers tax advantages, such as tax-free growth potential and tax-free withdrawals under certain conditions.

Fidelity Cash Management Account

The Fidelity Cash Management Account is a brokerage account designed for investing, spending, and cash management. It offers competitive rates on cash, with no account fees or minimums, global ATM reimbursement, and an FDIC-insured option on cash balances. This account is ideal for those looking for an alternative to traditional banking.

529 College Savings Plan

Fidelity offers a 529 college savings plan, which is a flexible, tax-advantaged way to save for education expenses such as tuition, rent, food, and books.

Health Savings Account (HSA)

The Health Savings Account from Fidelity allows individuals to save and pay for qualified medical expenses in a tax-advantaged way, both now and in retirement.

Fidelity also provides investment management services, such as Fidelity Go, Fidelity Wealth Services, and Fidelity Managed FidFolios, which offer digital investment management, personalized portfolios, and customized planning, respectively. These services are provided for a fee and may have specific account minimums and eligibility requirements.

Frequently asked questions