Great Clips Opens Toronto for Franchise Sales; Plans 15 Salons in 2009 and Projects More Than 200 New Salons



    
    - National Franchise Also Announces Grand Opening of Aurora Salon on
    September 13 -

    
    MINNEAPOLIS, Sept. 9 /CNW/ -- Great Clips, Inc., the largest
no-appointment hair salon brand in North America, is rapidly expanding its
footprint with today's announcement that Toronto is now open for franchise
sales. More than 200 salons are projected for the greater Toronto area and 15
new salons are expected to open by the end of 2009.
    Great Clips plans to expand throughout the "Golden Horseshoe," including
the cities of Toronto, Niagara Falls, St. Catharines, Burlington, Guelph,
Brampton, Mississauga, Newmarket, Markham, and Oshawa, among others.
    Currently, Great Clips operates one salon in Oakville at 2525 Prince
Michael Drive in the Shoppes at Dundas and announced today the Grand Opening
of their second salon in Aurora on September 13, 2008.  The Aurora salon will
be located at 91 1st Commerce Drive in the Smart Centre.  Additional salon
openings are slated between now and mid-2009 in Oshawa, Stouffville, Markham,
Mississauga and Brampton. With more than 200 salons projected in the future,
this will result in approximately 2,000 full-time and part-time jobs for hair
care professionals in the greater Toronto area.
    Great Clips' Toronto launch is part of an aggressive growth strategy,
which includes expanding in existing markets while entering new cities
throughout the U.S. and Canada. The company currently operates more than 50
salons in the western Canadian provinces, with plans to focus on expanding its
presence in the eastern provinces.  In total, Great Clips plans to open more
than 300 salons globally in 2008 and 2009.
    "As the Great Clips brand continues to develop throughout North America,
we're now looking for business professionals in and around Toronto seeking a
moderate-risk, steady growth business with strong cash flow and a relatively
low investment requirement.  Most of our franchisees keep their professional
job while building their Great Clips business on the side," said Rob Goggins,
vice president of franchise development, Great Clips, Inc. "This business
concept has proven to be recession resistant, simple and enjoys steady growth.
After just five years, our average franchisee owns five to six salons.
Entrepreneurs will be hard pressed to find a better business model that meets
all of these criteria."
    Great Clips offers franchisees a cash-based business with no receivables
and manager-run locations.  According to Goggins, its 26-year positive track
record is due in part to the extensive local support provided to franchisees,
such as local corporate support staff and an area training center.  No
haircare experience is required for potential franchisees, who should possess
strong people management skills, a personal net worth starting at $300,000 and
liquid assets of at least $40,000, as well as a business management
background.
    "As we've already done in the western provinces, we look forward to
bringing affordable, quality haircuts in a comfortable, friendly salon to the
greater Toronto area and to being an integral part of the community," added
Goggins.
    In its 26 years, Great Clips has grown from four salons, the first
sprouting up aside the University of Minnesota campus, to more than 2,700
dotting the landscapes in Canada and the United States.  In 2008, Entrepreneur
magazine ranked Great Clips, Inc. No. 1 in the haircare category of its
"Franchise 500" list and 19th overall among more than 3,000 franchise
concepts.
    
    About Great Clips
    
    Great Clips, Inc., headquartered in Minneapolis, Minn., is North
America's largest franchisor under one brand in the $55 billion-a-year hair
care industry. Established in 1982, Great Clips perfected a system for
delivering competitively priced, high quality haircuts to men, women and
children in a no-appointment atmosphere. The company began franchising in
1983, and today, nearly 2,700 Great Clips salons operate in more than 130
markets across the U.S. and Canada. Great Clips salons are open evenings and
weekends. For additional franchising information, please visit
http://www.greatclipsfranchise.com/ or call 1-800-947-1143.


    
    Contact:  Kim Ryan
              Fish Consulting
              770.932.0695
              kryan@fish-consulting.com

    




For further information:

For further information: Kim Ryan of Fish Consulting, +1-770-932-0695,
kryan@fish-consulting.com, for Great Clips, Inc. Web Site:
http://www.greatclipsfranchise.com

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