The world’s largest salon brand also tops Hair Care category for fourth year in a row
MINNEAPOLIS (January 21, 2021) – Great Clips®, the world’s largest salon brand, has been ranked #13 overall and #1 in the Hair Care category in Entrepreneur magazine’s Franchise 500®, the world’s most comprehensive franchise ranking. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranked Great Clips for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“We have always appreciated and embraced the incredible value in a 100% franchised model, and this past year strengthened our opinion that a franchise model is paramount to our joint success moving forward,” said Steve Hockett, CEO of Great Clips, Inc. “This recognition by Entrepreneur affirms that belief, and we appreciate the opportunity to share this with our franchisees.”
The key factors evaluated by Entrepreneur include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, editor in chief for Entrepreneur. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
Over its 42 years, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. A brand’s position on the ranking is a testament to its strength as a franchise opportunity.
To learn more about franchising opportunities with Great Clips, visit https://www.greatclipsfranchise.com.
About Great Clips, Inc.
Great Clips, Inc. was established in 1982 in Minneapolis. Today, Great Clips has over 4,400 salons throughout the United States and Canada, making it the world’s largest salon brand. Great Clips is 100 percent franchised, and salons are owned locally by more than 1,100 franchisees across North America. Great Clips franchisees employ more than 35,000 stylists. Great Clips salons provide value-priced, high-quality haircare for men, women and children. Getting a great haircut at Great Clips is more convenient than ever with Online Check-In, ReadyNext™ text alerts and Clip Notes®. To check in online, visit GreatClips.com or download the free app for Android and iPhone. For more information about Great Clips, Inc. or to find a location near you, visit GreatClips.com. To learn about franchising opportunities, visit GreatClipsFranchise.com.