Hair Salon Franchise News
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NEW YORK, August 31, 2010-- Inc. magazine ranked Fantastic Sams No. 4908 on its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look into the most entrepreneurial segment of the economy, the small business sector"We are honored to be included in the list of the fastest growing private companies across the nation," said Scott Colabuono, CEO of Fantastic Sams. "We have continued to make great strides in the past three years and this progression will continue no matter what the economic climate holds."
Fantastic Sams Hair Salons, a nearly 1,300-unit full-service hair care and professional hair salon franchise, has not only continued to grip a share of the $60 billion hair care industry, but also has advanced its footprint forward by furthering its expansion nationwide. Fantastic Sams opened 54 locations in 2009 and is continuing on pace to open over 50 new salons in 2010. Over the course of the past three years, the brand illustrated a sales growth of five percent. Being featured as one of the top 5000 fastest growing companies is a testament to the experience, quality product and superior service that the brand offers.
"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/inc5000.
ABOUT FANTASTIC SAMS HAIR SALONS With nearly 1,300 salons located throughout North America, Fantastic Sams Hair Salons (www.FantasticSams.com) is one of the world's largest full-service hair care franchises with an excellent reputation for providing quality hair care services for the entire family. Fantastic Sams Hair Salons has been consistently ranked as one of the top franchise opportunities by Entrepreneur Magazine, Black Enterprise Magazine, Franchise Times and Bonds. For more information, visit www.FantasticSamsFranchises.com
http://www.pe.com/business/local/profiles/stories/PE_Biz_D_profile26.3a31aeb.html
Beverly, MA - December 10, 2009 - Fantastic Sams, the largest full-service hair salon franchise with nearly 1300 salons, was recognized by AllBusiness.com in its annual ranking of the Top 300 All Star Franchises. Ranked as #74 overall and the highest rated full-service hair care franchise, the Fantastic Sams franchise improved 35 spots compared to last years ranking. Additionally, Fantastic Sams was the highest rated hair care franchise in the Dun & Bradstreet Financial Strength ranking.
AllBusiness.com, a subsidiary of Dun & Bradstreet, used a number of criteria to rank the winners, including growth rate, system size, financial strength, years in franchising and availability of financing. The D&B Financial Strength ranking is based on D&B's predictive Commercial Credit and Stress Scores, company financials, comparative financial ratios and other available information.
"We are pleased that AllBusiness and Dun & Bradstreet recognized the Fantastic Sams franchise as a leading franchise opportunity", noted Jeff Sturgis, Vice President, Franchise Sales & Development for Fantastic Sams. "The salon business continues to outperform many other business segments in this tough economy and we are focused on supporting our franchise partners to grow their business."
Already a prominent player in the $59 billion hair salon industry, Fantastic Sams offers a full range of hair salon services catering to men, women and children of all ages. Customers at any Fantastic Sams can expect full service treatment from a professional team of stylists who are up-to-date on the latest trends and fashions. Fantastic Sams' franchise owners don't typically work in their salon full-time and often have corporate management experience, not direct salon industry experience. Success criteria for Fantastic Sams' owners include strong management ability, leadership skills and keeping engaged in the business.
For information about Fantastic Sams franchise opportunities call (877) FanSams or visit www.FantasticSamsFranchises.com.
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Beverly, MA - December 10, 2009 - Fantastic Sams, the largest full-service hair salon franchise in the U.S. with nearly 1300 salons, was recognized by Entrepreneur Media in their annual ranking of the best franchise opportunities. With an overall ranking of 39, Fantastic Sams ranks in the top 10% of all franchise opportunities, and is the highest ranked full-service hair salon franchise. This year's results continue a trend of Fantastic Sams being ranked as one of the top 50 franchise opportunities in 5 of the last 7 years.
Entrepreneur has been conducting the Franchise 500 survey for 31 years. In determining its rankings, they evaluate each company's financial strength and stability, growth rate, size of system, years in business and franchising and percentage of unit closings. This year over 700 franchise companies were evaluated in the study.
"We are proud to once again be recognized and included in this prestigious survey. We strive each day to provide our franchise owners with a strong business model and the validation our system receives through inclusion in the Entrepreneur 500 ranking is a testament to the hard work of our franchise partners." commented Jeff Sturgis, Vice President, Franchise Sales & Development for Fantastic Sams.
Already a prominent player in the $59 billion hair salon industry, Fantastic Sams offers a full range of hair salon services catering to men, women and children of all ages. Guests at any Fantastic Sams can expect full-service treatment from a professional team of stylists who are up-to-date on the latest trends and fashions. Fantastic Sams' franchise owners don't typically work in their salon full-time and often have corporate management experience, not direct salon industry experience. Success criteria for Fantastic Sams' owners include strong management ability, leadership skills and the ability to stay engaged in the business.
For information about Fantastic Sams franchise opportunities call (877) FanSams or visit www.FantasticSamsFranchises.com.
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