SNIP-ITS SALON

SNIP-ITS SALON

Snip-its Salon franchises operate full-service hair care salons for children, offering haircuts, spa services, and branded entertainment including proprietary animated characters, music, and kid-friendly hair care products like tear-free shampoos and conditioners. The business model involves franchising single-unit or multi-unit (Multi-3, Multi-5, Multi-5 Plus) salons using a proprietary system with specific designs, procedures, and marks. The target market is the general public, primarily parents seeking specialized, entertaining hair care for children in a competitive retail environment.

40
Locations
$200K–$361K
Investment
Since 2003
Franchising
ServicesBurnsville, MNFS Snip-its LLCwww.snipits.comDisclaimer

Franchise Costs


Franchise Fee
$35,000
Item 5 of FDD
Initial Investment Range
$200,470 $360,825
Low: $200,470High: $360,825
Item 7 of FDD
Royalty Rate
6.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$165 – $250
Item 6 of FDD

6% royalty (5% first year) + 2% marketing fund (1.5% first year) + $165-$250/mo POS software fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0
Average EBITDA
$0

Data Based On: Data for Gross Sales (Table 1) is based on 40 franchised Snip-its Salon Businesses (Systemwide Reporting Group) for 2024. Data for EBITDA (Table 2) is based on a subset of 29 franchised Snip-its Salon Businesses (Primary Reporting Group) for 2024.

* Calculated weighted average gross revenue for 40 franchisees (Systemwide Reporting Group): (10 units × $397,258 + 10 units × $285,605 + 10 units × $231,305 + 10 units × $169,744) / 40 total units = $270,978. Calculated weighted average EBITDA for 29 franchisees (Primary Reporting Group): (7 units × $98,150 + 7 units × $51,455 + 7 units × $29,111 + 8 units × -$1,748) / 29 total units = $42,656.14. Median gross revenue is not provided as a single overall figure for the entire sample. EBITDA margin could not be accurately calculated as a percentage of gross revenue due to different sample groups (40 vs 29 franchisees) for these metrics without specific gross revenue data for the 29-franchisee subset. No specific net income, net profit, or expense ranges were provided to estimate profit ranges.

Extracted Item 19 Section

How SNIP-ITS SALON Compares


FranchiseInvestmentFeeRoyaltyLocations
SNIP-ITS SALON
Current
$200K – $361K$35K6.0%40
COST CUTTERS$184K – $336K$40K5.0%911
COMFORT KEEPERS$120K – $191K$55K5.0%619
PALM BEACH TAN$639K – $1.0M$30K6.0%398
HOUSE OF COLOUR$33K – $52K$30K4.0%312
DRYBAR$410K – $1.0M$50K7.0%176
Personal Care Services Average
20 franchises
$416K – $816K$43K5.9%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 20 Personal Care Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1TX
10
2MA
6
3AZ
3
4SC
3
5NY
2
6OH
2
7OK
2
8WA
2
9CA
2
10NC
2
11NV
2
12RI
1
13NJ
1
14MD
1
15CT
1

SBA Loan History


Historical SBA 7(a) loan data for SNIP-ITS SALON franchisees (20102019)

Total Loans
11
Average Loan
$165,918
Total Volume
$1.8M
Default Rate
0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


40 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

40 Contacts Available

Unlock all SNIP-ITS SALON franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
1
Reacquired
0
Ceased Ops
2
Transfers
3
Sold to Franchisees
0
Projected New
1

Frequently Asked Questions


The total initial investment to open a SNIP-ITS SALON franchise ranges from $200,470 to $360,825. This includes a franchise fee of $35,000. Ongoing royalty fees are 6.0% of gross sales.

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