Summary

General

Industry
A general sector of the franchise economy that helps characterize franchise concepts offering similar goods and/or services
Beauty & Personal Care
Category
A subset sector of industry characterizing franchise concepts offering similar goods and/or services
Other

Year of Founding

2003

Works with Franchise Brokers

Seeking Franchisees?

Remote Management?
Indicates if the business can be managed by a manager remotely

Fees & Financing

Royalty Fee
Ongoing fee paid by a franchisee to the franchisor as part of the franchise agreement
6%
Marketing Fee
Amount of gross revenues required by the franchisor for marketing purposes
2%

Franchise Fee

$35,000

Investment Range

$200K-$357K

SBA Loan Approved

Location units

Total U.S. Locations

42

U.S. Franchised Units

42

U.S. Corporate Units

0

Headquarters (City, State)

Burnsville, MN

Square Footage

Retail Location?

Other

Item 19 - Franchise Financials

Yes

Started Offering Franchises

2003

Issuance of FDD Data

2024-04-26

E-2 Visa Eligibility

Job Count ?

Key Financial Indicators

Figure
Industry %
Percentage of franchises with figures less than the figure for this franchise
Franchise Payback Period
Calculated based on ramp-up time, average unit volume, and profitability
Loan Success Ratio
# of SBA loans paid in full to loans that were charged off
Loan Default Rate
# of SBA loans recognized as a loss divided by total loans
Sales-to-Investment Ratio
Indicator of general economics for a franchise
Resale Value
Based on the earnings and multiples for this industry
Resale Value-to-Investment
Higher ratio indicates higher potential for returns
Franchise Cost
Franchise Fee

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

Unlock access
Franchise Disclosure Document Summary

Download the latest Franchise Disclosure Documents (FDD’s) for this franchise.

Access full FDD directory
Reported and Estimated Franchise Gross Sales and Earnings

Find available key financial metrics below.

Year

Gross Sales
Reported or estimated gross sales, representing sales generated by a single franchise unit over a period of one year.

Amount for the period Y/Y % Change

Earnings (Owner Operator)
Average expected earnings, based on industry margins, for a single franchise unit where the owner is the primary operator.

Amount for the period Y/Y % Change

Earnings (Semi-Absentee)
Average expected earnings, based on industry margins, for a single franchise unit where the owner is not the primary operator.

Amount for the period Y/Y % Change

2023

2022

2021

2020

2019

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

Unlock access

Franchise Openings and Closures

Year Start of year Units opened Units closed Reacquired by franchisor Total end of year
2023 43 0 1 0 42
2022 46 0 3 0 43
2021 49 1 4 0 46
2020 55 1 7 0 49
2019 55 4 4 0 55
2018 57 3 4 1 55
2017 57 4 4 0 57
2016 60 2 5 0 57

Discover which

franchise is best for you.

Speak to a franchise specialist today.

Get started
Two guys shaking hands
Key Metrics & Financials

Detailed Metrics

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz.

You can find the available metrics for Snip-its below.

“N/A” or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable.

When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Health Metrics

Growth Rate
Measures the overall growth of units for the franchise divided by the total units during a given time period

1 year / 3 years

Failure Rate
Measures the overall number of units that failed divided by the total units for the franchise during a given time period

1 year / 3 years

Franchise for Sale Rate
Measures the number of units that were transferred or reacquired by the franchisor divided by the total units for the franchise during a given time period

1 year / 3 years

Snip-its

Industry median

All franchises median

-2% / -14%

8% / 8%

8% / 8%

3% / 20%

8% / 8%

8% / 8%

5% / 12%

8% / 8%

8% / 8%

Unlock access
Franchise Viability Benchmarking

Investment Midpoint

Franchise Fee Midpoint

Franchise Payback Period

Gross sales

Royalty Fee

Snip-its

Industry median

All franchises median

$278,678

$8888

$8888

$35,000

$8,888

$8,888

8.8 years

8.8 years

8.8 years

$8,888

$8,888

$8,888

6%

8%

8%

Unlock access
Franchisor Financials

Year

Franchisor Revenue

Amount for the period Y/Y % Change

Franchisor Royalty Fees

Amount for the period Y/Y % Change

Franchisor EBITDA

Amount for the period Y/Y % Change

Franchisor Net Income (Loss)

Amount for the period Y/Y % Change

2022

2021

2020

2019

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

Unlock access

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock Vetted Member access

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock Vetted Member access
Litigation & Bankruptcies

Lawsuits and Litigation

Pending and concluded litigation

Unlock Vetted Member access

Bankruptcies

Disclosed bankruptcy information

Unlock Vetted Member access
Content Library

Take the quiz to know your investor profile

Take Free Assessment
Contacts & Social Media
Phone
(***) ***-***
Unlock access
Corporate Email
m***@****.com
Unlock access
State
Minnesota
City
Burnsville
Zip Code
55337
Mailing adress
211 S. River Ridge Circle, Suite 100

What to know about Snip-its franchise?

Since its inception in 2003 , Snip-its franchise has stood as a cornerstone in the global Beauty & Personal Care. With a pioneering role in the franchise business, Snip-its has consistently set the standard for excellence and innovation. It's worth noting that Snip-its began offering franchises in 2003, marking a significant milestone in the company's history.

Additional Details

The cost of opening a Snip-its franchise can vary depending on a number of factors. On average, you can expect to invest between $200K-$357K. This range includes expenses like the initial franchise fee, equipment, signage, seating, and other essential costs.

The profitability of a Snip-its franchise can vary widely depending on factors such as location, operating costs, management efficiency, and local market conditions. If you are interested in knowing more about how profitable a Snip-its franchise is and its average unit volume, make sure to click here and become a Vetted Member to unlock access.

Snip-its franchise owners generally make between $38,121 - $49,013 per year. However, this can vary based on factors like location and experience. Owners in expensive cities like New York or San Francisco tend to earn more. Additionally, seasoned operators typically earn more than new franchisees.

Snip-its operates a vast network of franchise locations, with a total of 42 in the United States alone. Out of these, 42 are franchised units, while 0 are corporate-owned. This extensive franchise presence showcases the brand's widespread reach and popularity in the U.S. market.

The franchise fee for Snip-its typically ranges from 35000 to 35000. Additionally, franchisees are required to pay a royalty fee of 6% and a marketing fee of 2% of their monthly sales. These fees contribute to the ongoing support, marketing efforts, and brand development provided by Snip-its to its franchise network.

Interested in becoming a franchise owner but not sure where to start?

Take our free assessment to get a free professional franchise consultation.

You may also be interested in

Business Industry

Beauty & Personal Care

The Woodhouse Day Spa

Investment Range

$1.49M-$2.59M

Founding Year

2003

Total U.S. Units

84

Business Industry

Beauty & Personal Care

The Lash Loft

Investment Range

$317K-$561K

Founding Year

2019

Total U.S. Units

1

Business Industry

Beauty & Personal Care

Hairclub

Investment Range

$492K-$1.52M

Founding Year

1976

Total U.S. Units

104

Business Industry

Beauty & Personal Care

Pause

Investment Range

$984K-$1.62M

Founding Year

2016

Total U.S. Units

5