Franchise Deep Dive: Snip-its Haircuts for Kids Franchise Costs, Fees, Profit and Data

Snip-its prioritizes a fun and memorable experience for young customers and a successful business model for franchisees.

By Victoria CampisiStaff Writer

8:08AM • 06/23/24

LAST UPDATED: June 2024

FRANCHISE WEBSITE: https://www.snipitsfranchise.com/

NUMBER OF LOCATIONS: 43

REPORTED COST TO GET IN: $212,515 – $327,027

REPORTED ROI (Item 19): N/A

Snip-its Haircuts for Kids is a children's hair salon franchise that specializes in providing haircuts and related services for kids in a fun and memorable way. For nearly 30 years, the brand has been building a large customer base of parents who love its approach. The franchise model is focused on helping owners maximize their profits by offering a range of services like haircuts, shampooing, braiding, kid-friendly spa treatments and Snip-its’ own line of hair-care products.

How Many Snip-its Haircuts for Kids Locations Are There?

In 1993, Joanna Meiseles turned her search for a kid-friendly hair salon into a business opportunity. After two years of research and planning, she opened the very first Snip-its salon in Framingham, Massachusetts, and found success from the start. With nearly a decade of experience and five successful salons under her belt, Meiseles decided to expand nationally.

In 2003, she launched the Snip-its franchise program. Now headquartered in Burnsville, Minnesota, Snip-its has grown to 43 locations across 15 states in the U.S. The franchise is primed for rapid nationwide expansion.

What Is the Snip-its Haircuts for Kids Business Model?

Snip-its positions itself as a unique player in the children's haircut industry, focusing on providing a fun and memorable experience for young customers while offering a proven business model for franchise owners to succeed. Key aspects of the model include:

Target Market: Snip-its primarily targets families with children who need haircuts. Their services cater specifically to children, aiming to make the haircut experience enjoyable and memorable.

Brand Identity: Snip-its has built a strong brand identity over the years, focusing on creating a fun and interactive environment for kids during their haircut experience. This includes proprietary cartoon characters and a unique store design aimed at making the haircut process exciting.

Revenue Streams: The business model incorporates multiple revenue streams to maximize profitability. These include:

Haircuts: Primary revenue comes from providing haircut services to children.
Proprietary Hair Care Products: Sales of exclusive hair-care products designed for children.
Retail Toy and Hair Accessory Sales: Additional revenue from selling toys and hair accessories to customers.
Other Services: Snip-its offers additional services such as ear piercing and spa services to diversify revenue streams.

Franchisee Requirements: While prior experience in the haircutting industry is not necessary, Snip-its looks for franchise owners who excel in recruiting and managing people, creating positive cultures, networking within the community, and are committed to following the established business model.

How Much Can Snip-its Haircuts for Kids Franchise Owners Make?

Earnings for Snip-its franchise owners are not publicly available.

How Much Does It Cost to Open a Snip-its Haircuts for Kids Franchise?

The total cost to invest in a Snip-its franchise ranges from $212,515 – $327,027. Below is a breakdown of the associated costs.

Initial Franchise Fee: $35,000
Security Deposit and Rent: $7,500 - $20,000
Staff Recruiting: $500 - $3,500
Initial Training: $1,000 - $3,000
Staff Training: $2,500 - $3,000
Construction Project Management: $27,500 - $29,562
Base Construction and Leasehold Improvements: $43,680 - $91,600
Millwork: $26,900 - $29,100
“Snipification” of Salon: $18,800 - $21,000
Computer Hardware/POS System: $2,600 - $4,000
POS Software System Fee: $150 - $215
Exterior Signage: $4,300 - $6,450
Furniture, Fixtures, Equipment & Decor: $7,525 - $9,100
Audiovisual Equipment: $1,830 - $2,150
Proprietary Products: $1,830 - $3,225
Other Initial Inventory and Salon Supplies: $3,550 - $7,525
Shipping: $4,900 - $14,000
Insurance: $1,500 - $2,500
Professional Fees: $500 - $6,500
Grand Opening Program: $15,000
Additional Funds (3 Months): $5,450 - $20,600

The franchise also offers multi-unit opportunities.

Multi-3 Franchise

Initial Franchise Fee: $75,000
Total Estimated Initial Investment for up to 3 Snip-its Salon Franchises: $607,545 - $951,036

Multi-5 Franchise

Initial Franchise Fee: $100,000
Total Estimated Initial Investment for up to 5 Snip-its Salon Franchises: $987,575 - $1,560,060

Multi-5 Plus Franchise

Initial Franchise Fee: $100,000 (plus $10,000 for each Snip-its Salon franchise beyond the first 5)
Incurs all costs listed above for each Snip-its Salon franchise opened

Additionally, Snip-its' royalty fees are 5% of gross sales for the first year, and 6% of gross sales for the remainder of the franchise agreement.

What Is the Franchise Fee for Snip-its Haircuts for Kids?

The franchise fee is $35,000.

Who Are the Leaders of Snip-its Haircuts for Kids?

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Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit www.1851growthclub.com and start your journey.

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