GEORGETOWN, Texas, Dec. 21, 2012 /PRNewswire/ -- Sport Clips Haircuts, the nation's leading men's and boys' hair care provider, ranked as a top 50 franchise overall in Entrepreneur Magazine's annual "Franchise 500." The ranking is determined by a company's financial strength and stability, growth rate and size of the system, according to Entrepreneur, as well as the number of years a company has been in business and the length of time franchising. Startup costs, litigation, percentage of terminations and financing are also considerations.
"Our strong management team, top notch area developers and franchise owners, and our team members' commitment to excellence are all reasons we believe Sport Clips has been recognized by Entrepreneur the past 14 years," says Founder and CEO Gordon Logan. "We are very proud that not a single Sport Clips location closed in 2011, and only one has ceased to do business in 2012, when the lease in a failed redevelopment project was not renewed after five years. We'll open our 1000th store before the end of 2012, and next year we will celebrate the 20th anniversary of our company. Being ranked a 'Top 50 Franchise' overall is definitely a continuation of Sport Clips' winning streak."
Sport Clips' same store sales continue to set records, as does growing interest in the franchise opportunity. And, Sport Clips ranks high with its franchisees, recognized earlier this year as a top 50 business for "franchisee satisfaction" according to a Franchise Business Review poll of more than 22,000 franchisees representing 300 brands.
Sport Clips is a leader in the hair franchise industry and beauty salon business. As the largest contributor to the Veterans of Foreign Wars' Operation Uplink free call days program for troops overseas and in hospitals, Sport Clips is known for its support of the military and is an active part of the International Franchise Association's VetFran and Operation Enduring Opportunity programs.
About Sport Clips Haircuts
Sport Clips Haircuts is headquartered in Georgetown, Texas and was established in 1993 by founder and CEO Gordon Logan. The sports-themed salon franchise, which specializes in hair care for men and boys, consistently ranks in Entrepreneur Magazine's top 50 "Fastest-Growing Franchises" and in the top 100 in the "Franchise 500." Sport Clips is the "Official Haircutter" of the Veterans of Foreign Wars (VFW), offers veterans preferential pricing on haircuts and franchises, and was named in the "Top 100 Franchises for Veterans" ranking by Franchise Business Review. Our "Help A Hero" program has raised almost $2 million to help deployed and hospitalized U.S. service members call home through the VFW's Operation Uplink. Sport Clips is a proud sponsor of Joe Gibbs Racing's NASCAR drivers Denny Hamlin and Elliott Sadler, and partners with numerous NCAA and professional sports teams. To learn more about Sport Clips, visit http://www.sportclipsfranchise.com.
SOURCE Sport Clips Haircuts