Fantastic Sam's Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$30,000
Investment required
$49,000 - $102,000
Royalty fee
6.00%

Fantastic Sam’s: Leading the Way in Affordable, Professional Haircare

Fantastic Sam’s has long been a prominent player in the haircare franchise industry, delivering professional salon services to its clients for many years. Established in 1974, the company is headquartered in Beverly, Massachusetts, and has earned a reputation as a reliable name in the beauty and hairstyling market.

Early in its history, Fantastic Sam’s initiated its franchising program, inviting entrepreneurs to be part of a brand synonymous with quality and affordability. At Fantastic Sam’s, clients can access a variety of hair services, including haircuts, styling, coloring, and more, all performed by skilled and seasoned hairstylists.

What sets Fantastic Sam’s apart from its competitors is its dedication to offering top-notch services at reasonable prices, making it a go-to option for individuals and families seeking professional hair care without hefty costs. The franchise prides itself on creating a welcoming, family-friendly environment, ensuring that clients achieve their desired looks.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
DA Fee $35,000 to $75,000
Travel & Living Expenses While Training $1,500 - $3,000
Professional Fees $3,500 to $6,000
Technology System $1,000 to $2,500
Insurance $2,000 to $4,000
Miscellaneous cost $1,500 to $3,000
Additional Funds – 3 Months $4,000 to $8,000
TOTAL $48,500 to $101,500

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Number of units

2024
Franchised units

898

756

652

Company-owned units

2

1

1

Total units

900

757

653

Franchise Disclosure Document

Training 

Fantastic Sam’s provides a thorough training program for franchisees, managers, and staff, covering all key aspects of salon management and operations. The training includes:

Initial Training for Franchisees and Designated Salon Managers: This involves a combination of classroom and/or virtual instruction, as well as hands-on training. These sessions, lasting typically 3 - 5 days, address topics such as hairstyling techniques, sales strategies, system indoctrination, motivational development, financial management, advertising, customer relations, and practical salon operations.

Ongoing Training Programs: These additional training sessions, including conventions, seminars, and meetings, ensure that franchisees and their staff stay updated with the latest operational standards and techniques.

Specialized Training for Multiple Salon Owners: Franchisees with six or more salons may need to employ a full-time technical educator to train their staff. This educator is required to attend and successfully complete any necessary training programs.

Territory Protection

Fantastic Sam’s grants franchisees a limited protected territory, generally covering a half-mile radius around the salon location. Within this designated "Protected Area," the franchisor commits not to establish or permit another Fantastic Sam’s salon, thereby offering a degree of territorial exclusivity to the franchisee.

However, this protection does not entirely prevent the franchisor from competing in other forms, such as through alternative brands or distribution channels outside of the Fantastic Sam’s franchise, even within the Protected Area.

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