Great Clips has been ranked #24 overall and #1 in the Hair Care category in Entrepreneur magazine’s Franchise 500, a global 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.
“Great Clips franchisees continue to work through numerous challenges as small business owners, employers and community leaders,” said Steve Hockett, CEO of Great Clips, Inc. “Being recognized as top in category for the sixth year in a row is a testament to their hard work, and to the dedication of everyone throughout the Great Clips system to build and maintain a strong brand.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including 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.
Over its 44 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://www.greatclipsfranchise.com.