Great Clips® ranked #15 in Entrepreneur's 2020 Franchise 500 list
MINNEAPOLIS, Minn. (January 21, 2020) — Great Clips®, the world’s largest salon brand, has been ranked #15 overall and #1 in category in Entrepreneur magazine’s Franchise 500®, the world’s most comprehensive franchise ranking. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranked Great Clips for its outstanding performance in areas including unit growth, financial strength and stability and brand power.
“We appreciate Entrepreneur’s recognition of the continued strength of the Great Clips brand, especially with the #1 in category ranking for the third year in a row,” said Steve Hockett, CEO of Great Clips, Inc. “We lead the industry with technology that makes it easy for customers to choose Great Clips and gives franchisees the tools they need to operate their businesses—anywhere, at any time.”
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
"The 500 companies on this list all have something in common: They understand what consumers want now,” says Entrepreneur editor in chief Jason Feifer. “They may be an upstart in a brand-new category or they may be a brand that’s ranked highly on our list for decades. But either way, making our list means they’re forward-thinking, nimble and closely in touch with their customers’ needs. In an ever-changing business environment, that’s what a franchise must do to thrive."
Over its 41 years, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. A brand’s position on the ranking is a testament to its strength as a franchise opportunity.
To learn more about franchising opportunities with Great Clips, visit https://franchise.greatclips.com.
About Great Clips, Inc.
Great Clips, Inc. was established in 1982 in Minneapolis, Minnesota. Today, there are over 4,400 independently owned Great Clips® salons throughout the United States and Canada, making it the world’s largest salon brand. Great Clips is 100 percent franchised, and salons are owned locally by more than 700 franchisees across the U.S. and Canada. Great Clips® franchisees employ more than 25,000 stylists. Great Clips® franchised salons provide value-priced, high-quality haircare for men, women and children. Getting a great haircut at a Great Clips® salon is more convenient than ever with Online Check-In, ReadyNext® text alerts and Clip Notes®. To check in online, visit GreatClips.com or download the free app. For more information about Great Clips, Inc. or to find a salon location near you, visit GreatClips.com.