Franchise Deep Dive: Sharkey’s Cuts for Kids Franchise Costs, Fees, Profit and Data

Sharkey’s Cuts for Kids offers a recession-proof business model for entrepreneurs looking for a low-cost and fully passive and absentee ownership opportunity.

By Jeff DwyerStaff Writer

10:10AM • 12/07/23

LAST UPDATED: October 26, 2023
FRANCHISE WEBSITE: https://www.sharkeysfranchisingcompany.com/
NUMBER OF LOCATIONS: 130+
REPORTED COST TO GET IN: $188,665 to $299,360
REPORTED ROI (Item 19): N/A

Sharkey’s Cuts for Kids is a franchise brand of children’s hair salons that specializes in providing haircuts and hairstyling services for children in a fun and exciting environment. The salon is designed to be child-friendly, with themed chairs, televisions and video games to keep kids entertained during their visit.

The brand was founded in 2001 by Linda and Scott Sharkey, who intentionally set out to create a salon service that caters to children of all ages. The brand, which is headquartered out of Westport, Connecticut, has been recognized dozens of times for its services. Among those awards, Sharkey’s Cuts for Kids has been named one of “America’s Most Honored Businesses” and more recently one of the “Fastest Growing Franchises of 2023” by Entrepreneur magazine.

How Many Sharkey’s Cuts for Kids Locations Are There?

As of October 2023, there are more than 130 Sharkey’s Cuts for Kids locations across the U.S., Europe, Canada and the Middle East. The brand boasts that it opens up to 35 new locations per year and is one of the “fastest-growing chain of children’s hair salons.”

What Is Sharkey’s Cuts for Kids’ Business Model?

The core of Sharkey’s Cuts for Kids’ business model is centered around providing a fun atmosphere for children to get haircuts. Sharkey’s Cuts for Kids has a passive, fully absentee ownership opportunity. In fact, according to the brand’s website, owners of single units are encouraged not to work in the salon. Additionally, owners are not required to have any prior hair salon experience. Instead, Sharkey’s Cuts for Kids looks for individuals who have a “great attitude and work ethic; a passion for interaction; a willingness to listen, learn and lead; and a desire” to make their salon the very best.

It is described as a very easy-to-operate business with multiple revenue streams that provide for a higher profit potential. Examples of the different revenue streams include:

Haircuts for boys and girls
Specialty merchandise, party favors and hair accessories
Birthday parties in its “famous” glamor room and tween lounge

“Our franchise offers people the opportunity to invest in a brand, not buy a job, that has longevity, is fun to run, and has very little competition,” said CEO Scott Sharkey. “Kids always need haircuts, and you cannot get that on Amazon.”

In addition to Sharkey’s Cuts for Kids, the brand also offers franchise opportunities for its family-focused hair salon brand Sharkey’s Hair It Is, which provides hair salon services to men, women and children.

Sharkey’s Cuts for Kids provides the following assistance to new franchise owners:

Three to four days of comprehensive training
Site selection and negotiation
Salon design and layout
Grand opening and continuous marketing programs
Virtual assistance during grand opening week
Owners meetings to discuss operations and marketing

How Much Can Sharkey’s Cuts for Kids Franchise Owners Make?

Sharkey’s Cuts for Kids does not have a publicly available Item 19. However, according to third-party sources, the annual median sales of franchised Sharkey’s salons operating in 2022 was around $257K. To learn more, contact the team about reading the Franchise Disclosure Document (FDD), which will state the total earnings of any company or franchise-owned unit as a reference.

How Much Does It Cost To Open a Sharkey’s Cuts for Kids Franchise?

As of the publishing of this story, the initial investment cost to franchise is $188,665 to $299,360, although the price and model may vary per country. That investment is broken down into the following costs:

Initial Franchise Fee: $159,990
Formation Costs: $250 to $67,620
Equipment: $14,500 to $24,000
Initial Marketing: $12,000
Operating costs: $1,925 to $35,750

What Is the Franchise Fee for Sharkey’s Cuts for Kids?

The initial franchise fee required to open a Sharkey’s Cuts for Kids franchise is $159,990. Interested candidates must also have a minimum net worth of at least $300K.

Who’s On Sharkey’s Cuts for Kids’ Leadership Team?

Scott Sharkey — CEO

What Helpful Articles Can I Read to Learn More About Sharkey’s Cuts for Kids?

Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.