Frequently Asked Questions For Salon Business Owners

Successful franchisees have strong skills and experience in marketing, team building, employee relations, and in general business management. You will also need at least $60,000 in liquid assets and a net worth of at least $250,000.

As with any new business, you should be prepared to dedicate whatever time is necessary to ensure the success of your hair salon business. As your hair care franchise grows and evolves, you will spend the majority of your time working in areas like marketing, recruiting, employee relations, and general business operations.

The typical total investment to open a salon is between $118,000 and $230,850. Refer to the store development costs under Hair Salon Franchise Investment Criteria for a complete breakdown of the initial investment.

You will likely need at least $60,000 of your own funds to get the business started and provide funds for working capital and marketing.

Fantastic Sams does not provide financing directly. However, through our network of franchise lenders, we can provide you with names of lending companies that you can contact to discuss financing options.

The average time from signing your initial license agreement to opening your business is 9 – 12 months, depending on how long it takes to identify a suitable location. In some cases, the time may be longer due to real estate availability.

We will provide you with assistance in all phases of site selection, including identifying potential sites, reviewing and approving potential sites, and drafting and negotiating a Letter of Intent (LOI).

As a Fantastic Sams franchisee, you will pay a flat, weekly royalty and advertising fee. These fees vary by region.

To determine if you qualify, you need to complete our confidential online questionnaire. A member of our development team will then contact you to discuss the hair salon franchise opportunities and to further evaluate our mutual compatibility.

According to the International Franchise Association (IFA), franchising allows people to go into business for themselves, but not by themselves. It gives an entrepreneur the best of both worlds – the ability to own their franchise location, and ongoing access to support in marketing, advertising, recruiting, retention, training, management, and business planning. In addition, they have the power of a national brand working for them, 24 hours a day, 7 days a week, to bring them more business.