Fantastic Sams is actually the oldest full service unisex salon franchise in the nation, and has grown to nearly 1100 units over the past 40 years. Fantastic Sams has remained relevant by being an affordable alternative to high-end salons or budget haircut only franchises. The Fantastic Sams you remember from the 70’s was acquired in 2012 by Dessange International – a premium luxury multinational European beauty salon chain. A fresh, new, modern salon image was introduced in 2015 and a new logo, which reads Fantastic Sams Cut & Color, was launched in 2016 to highlight the brand’s focus on color services. As a Fantastic Sams Salon owner you’ll be part of an iconic brand that is immersing itself in new initiatives.
One of the biggest draws for prospective franchisees is the opportunity for earning potential from multiple revenue streams, including not only cuts, styles, color services, texture services and facial waxing, but also through sales from the brand’s proprietary line of products sold only at Fantastic Sams salons. Because a range of salon services is available to the entire family, unlike discount haircut franchises, you’ll serve more women than men, and the average ticket price is much higher – creating larger margins for the same investment levels. About 75% of women use some sort of hair color, and the men who also color their gray hair is on a huge upswing.
Your Fantastic Sams can be opened very inexpensively (under $200K) and requires no industry experience. Owners should be community minded and customer service oriented. You should have a proven business ability and strong communication skills.
This is a “manage the manager” model – most owners take advantage of the substantial discount offered to open multiple FS Image 2locations. You will want to consider committing to opening 3 or 5 salons, following a development schedule and timeline. You need to have a minimum of $300,000 in net worth for a single unit, and more for multiples.