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Snip N Clip Franchise Analysis

401 Words2 Pages
Snip ‘n Clip is a franchise that specializes in hair procedures and has over 84 locations throughout the United States. Their initial fee is $10,000 and the total investment for obtaining a franchise, is between $50,950 and $58,450. Some of the merits of owning one of these businesses are, the investment is low, market doesn’t seem saturated with franchises, and you don’t have to pay them royalties. The drawbacks in investing in a Snip ‘n Clip are, the, are owned by a corporation, they don’t offer financing to new franchisee’s, and out of 84 locations there are only 43 owned by franchisees. The rule of thumb is the parent company can own up to 25% of the total store. Anything above that can weaken the franchisee bargaining power (Hatten, 2012).
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