Franchise Gator Names Sport Clips No. 1 on Top 100 List
Haircutting franchise takes top spot for 2nd year in a row.
Roswell, GA (PRUnderground) February 9th, 2015
Franchise Gator today announced its selection of Sport Clips, the sports-themed hair-care franchise, as the No. 1 franchise for the second year in a row in its annual Top 100 ranking.
Over the last few weeks, Franchise Gator has released the names of the Top 2 – 100 opportunities on the list, as well as its picks for Top Emerging and Fastest Growing franchises, leading up to International Franchise Association annual convention in Las Vegas February 15-18. The annual Top 100 ranking aims to highlight the best franchise systems that require a smaller investment than more well-known brands which often necessitate an initial outlay of $1 million or more.
Sport Clips’ Founder and CEO Gordon Logan attributes the franchise system’s success to its strong commitment to supporting its franchisees. “Sport Clips is honored to once again be ranked the #1 franchise by Franchise Gator”, says Logan. “We work very hard to provide superior support and training to our Team Leaders (franchisees), and we are continually looking for ways to improve our systems. The result of these efforts is that in the past four years we have opened over 550 locations, we now have over 1,300 open, and only four have closed nationwide – and two of those were in centers that had gone downhill and leases weren’t renewed. We always put the success and profitability of our Team Leaders first, which has produced same store sales increases of 7-10% each year the past five years. We’re looking forward to another successful year in 2015!”
“Sport Clips growth has been remarkable for a brand its size with more than 150 stores opening in 2014 alone,” said Eric Bell, General Manager of Franchise Gator. “Additionally, Sport Clips offers an affordable opportunity, and has an outstanding reputation for franchisor support.”
Bell said Franchise Gator reviewed hundreds of Franchise Disclosure Documents to compile its ranking. The Top 100 list was generated using a formula developed with the help of Rick Bisio, author of “The Educated Franchisee” based on specific criteria including:
- Financial stability and health
- Franchisee profitability
- Growth track record over a period of years
- Transparency of key buyer information
- How strong the market is for a system’s goods and services
- Long-term sustainability of the franchise
- Franchisee satisfaction
To see the complete Top 100 list for 2015, visit: www.franchisegator.com/top-franchise-lists/top-100/
About Franchise Gator
Franchise Gator, a unit of Landmark Interactive, a division of Dominion Enterprises, is the leading destination for those seeking to invest in a franchise opportunity. Since 2002 Franchise Gator and its network of sites have offered information on hundreds of business and franchise opportunities available in more than 100 industries. Franchise Gator provides franchisors with a quality, cost-effective mode of franchise marketing. For more information, please visit www.franchisegator.com.