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Fantastic Sams Franchise Cost, Revenue & Review 2026

Personal Care & BeautyMinnesotaFranchising since 1976
CAverageAverage54/100⚠ cappedEditorial grade from public filings; not investment advice.
Investment
$163K – $453K
Disclosed sales
$325K
gross sales, not profit
SBA charge-off
22.2%
on 537 loans

Investment, fees, disclosed sales, units, SBA record and risk, as one PDF. Free; no spam; one click to unsubscribe.

FV-00911FDD 2026Data QualityExcellent95%
Manager-run OKYes: Protected territory

Data from FDD filing + SBA 7(a) records

Analysis by FranchiseVerdict Research · Methodology

Fantastic Sams is a full-service hair-salon franchise offering cuts, color, and styling for the whole family at value prices. Franchisees run salons managing stylists, walk-in and appointment service, and retail products.

FranchiseVerdict summary · 2026

A Fantastic Sams franchise requires a total initial investment of $163K – $453K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $325K[2]. SBA 7(a) loans show a 22.2% charge-off rate across 537 loans[1]. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →

Sources, dates and evidence

FDD issued: 2026 filing · Data extracted: · Last cited check: · Staleness risk: low - the current year's filing

Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 7 headline figures on this page cite a page of the filing.

Overview

Investment
$163K – $453K
14th pct Personal Care…
Avg gross sales
$325K
5th pct Personal Care…
Royalty
6.0%
12th pct Personal Care…
Units
484
56th pct Personal Care…
SBA charge-off
22.2%
% of SBA 7(a) loans not repaid · median varies by category

Quick verdict · Personal Care & Beauty · color = vs category peers

Total Investment
$163K – $453K
Median $402K
below median ↓, better than category
Franchise Fee
$35K – $35K
Median $45K
below median ↓, better than category
Liquid Capital Req'd
$30K – $50K
Median $34K
above median ↑, worse than category
Avg Revenue
$325K
Median $527K
below median ↓, worse than category
Royalty Rate
6.0%
Median 6.0%
near median
Ongoing Fees
6.0% of rev
Median 7.9%
below median ↓, better than category
SBA Charge-Off Rate
22.2%
537 loans · Median 5.7%
above median ↑, worse than category
System Size
484 units
Median 40 units
above median ↑, better than category
Turnover Rate
8.1%
Median 0.8%
above median ↑, worse than category
Territory
Protected, not exclusive
Limits on the franchisor opening nearby; not an exclusive zone
Owner-Operator
Optional
Can hire a manager
Litigation
6 cases
Review carefully

Green = favorable by >10% vs Personal Care & Beauty median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)

Data from public FDD filings and SBA records. Not financial advice. Methodology

Bottom line

  • COSTTotal investment $163K – $453K including a $35K franchise fee, 6.0% ongoing royalty.
  • RETURNSAverage unit revenue of $325K/year (median $301K).
  • RISKVerdict C (Average), verdict score 54/100 (higher is better). SBA loan charge-off rate of 22.2% across 537 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
  • GROWTHNegative: net -28 franchised outlets in the latest year (11 opened, 39 closed); 15 signed but not yet open (Item 20).
  • FLAGAuditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Corporate structure & franchisor financials
Legal entity
Fantastic Sams Franchise Corporation
Parent company
Fantastic Sams International Corporation (FSI Corp)
FDD Item 1, page 8 of the 2026 FDD
Ultimate parent
D. Participations SAS (French corporation)
FDD Item 1, page 9 of the 2026 FDD
Predecessor
Fantastic Sams Franchise Corporation (Old FSFC) and Fantastic Sams Distribution Corporation, merged into Fantastic Sams Salons Corp in 2015
Prior franchisor entity
CEO title
Chief Executive Officer
Kimberly Amadon
Incorporated in
Delaware
HQ
6901 East Fish Lake Road, #140, Maple Grove, Minnesota 55369
Auditor
Malesys & Trost CPA PLLC
Audited financials
Franchisor revenue
$9.1M
vs $10.2M prior year
Management churn noted
Frequent turnover
Item 2 disclosed frequent executive changes
⚠ Going-concern note
Disclosed in FDD 2026
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

Affiliated brands

  • Dessange Franchising
  • Fantastic Sams Advertising Management
  • C.Alb Franchising

Other brands the franchisor or its parent operates (Item 1).

Same owner · FDD Item 1, page 9

1 other brand on this site name D. Participations SAS (French corporation) as parent or ultimate parent in their own FDD.

Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.

Overview

About

CEO
Kimberly Amadon
Headquarters
Minnesota
Founded
1974
FDD year
2026
States available
34

Can you afford it, and what does the money buy?

Entry cost runs 23% below the typical personal care & beauty franchise.

Total investment (Item 7)$163K – $453KCited, not corroborated — printed on page 18 of the 2026 FDD (Item 7). Nothing else in our record independently restates or re-derives it.
Franchise fee$35,000Verified — printed on page 13 of the 2026 FDD (Item 5), and another item of the same filing prints the same figure on a labelled row, which is an independent restatement.
Royalty6.0%Cited, not corroborated — printed on page 14 of the 2026 FDD (Item 6). Nothing else in our record independently restates or re-derives it.
Ad fundNot extracted
Working capital$30K – $50K

Source: FDD 2026 · Items 5–7

Full Item 7 breakdown12 line items

Initial investment breakdown

Item 7 initial investment line items
Line itemLowHigh
Initial Franchise Fee(1)(2)$35K$35K
Travel and Living Expense for New Owner On-Boarding and Training for You and Your Employee(3)$2K$3K
Leasehold Improvements(4) (including architectural fees)$30K$250K
Rent(4)$3K$8K
Utility Deposit(5)$500$2K
Initial Salon Supply Haircare Product Inventory(6)$10K$15K
Salon Equipment(7)$30K$50K
Other Equipment, Fixtures, and Furnishings(8)$2K$4K
New Salon Exterior Signage(9)$8K$15K
Grand Opening Marketing Plan/Advertising(10)$10K$15K
Insurance(11)$4K$7K
Additional Funds(12)$30K$50K
Total initial investment$163K$453K

Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.

Item 7 · what it costs to open + operate

The Vitals

Total investment
$163K – $453K
Top 40% of category vs category
Liquid capital req'd
$30K – $50K
Middle of category vs category
Franchise fee
$35K – $35K
Top 40% of category vs category
Royalty
6.0%
Set by a formula · typical 6–8%
Ad fund
National Advertising Fund (NAF) Fee currently $147.49/wee…
Total fee load
6.0%
vs 9–13% typical

Ongoing fees · Item 6

Fantastic Sams: Item 6 recurring fees
FeeAmount
Royalty6.0% of gross sales
Technology fee$150
Transfer fee$8K
Renewal fee$1K
Inventory (initial)$10K – $15K
Total fee load6.0% of rev
Fee structure insight

A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.

What do units actually make?

Average unit sales run 38% below the personal care & beauty norm.

Avg gross sales$325KCited, not corroborated — printed on page 43 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Median gross sales$301KCited, not corroborated — printed on page 43 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Item 19 typecohort
Sample size311 outlets

Source: FDD 2026 · Item 19

Single-unit · not modelled

Returns at a glance

An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Fantastic Sams until someone supplies them — yours, in the models below.

—

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

Total invested capital · disclosed

$348K

Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.

ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Blue values = direct from FDD (Item 7 investment, Item 19 revenue, Item 6 fees)Not set = no filing supplies it and we will not substitute one. Enter your own

What one unit earns on your invested capital

Model A · Single-Unit Return

Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.

Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.

Returns model · single-unit ROIC

What would one Fantastic Sams unit return on the cash you put in?

From FDDNot set — you supply itYou overrode an FDD value
Revenue · per unit, per yearFDD
FDD Item 19 reports $325,419 per unit
Franchisor take · royalty + ad fundFDD
typ 6–8%
typ 3–5%
Operating costs · not in any FDDnot set

Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.

Total invested capital · what you put in to openFDD
FDD Item 7: $163K–$453K (midpoint used)
FDD reports $30K–$50K

Unlevered ROIC · per unit

Your modelled return on total invested capital, before any debt financing.

—

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.


Store EBITDA · annual
—
EBITDA margin
—
Total invested
$348K
Payback
—
Single-unit only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even point.

What 25 units return when you use SBA financing

Model B · Return on Equity: Debt-Financed Acquisition

Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).

This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.

What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.

These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.

Item 19 · Source: 2026 FDD

Financial Performance

Avg gross sales
$325K
Per unit, per year
Median gross sales
$301K

Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.

Item 19 type
cohort
Sample size
311 outlets
vs category median 38 · large
Range (low → high)
$69K→$1.0MCited, not corroborated — printed on page 43 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Cohort dispersion (min → max)
Quartile band
$156K→$542K
Bottom 25% → top 25%
Reporting year
2025
Fiscal year the figures cover
Source filing
FDD 2026
Disclosed in the 2026 filing, covering 2025
Transparency
4 / 10
vs category median 4 / 10 · typical
Gross sales rank5th
Item 19 reporting methods vary across brands
Investment cost rank14th
Lower investment ranks lower (better)
Royalty rate rank12th
Lower royalty = lower percentile (better)
Unit count rank56th
vs Personal Care & Beauty peers
Risk score rank43th
Lower risk = lower percentile (better)

Compared against 177 Personal Care & Beauty brands

Showing the headline figures — all 164 extracted fields are in the Full FDD Report · $19 →

Operator outlook

What the numbers say

Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.

Unit economics

Average unit generates $325K/year in gross sales. Revenue-to-investment ratio: 1.1x.

Fee burden

Total ongoing fee load of 6.0% — below the Personal Care & Beauty median of 7.9%.

Disclosure

Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.

Operator retention

System contracting at -16.6% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.

Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.

vs Personal Care & Beauty medians

How Fantastic Sams Compares

Metric
Fantastic Sams
Category median
vs median
Investment
$308K
$402Kmiddle half $261K–$677K · n=112
Below median, better than category
Revenue
$325K
$527Kmiddle half $402K–$892K · n=59
Below median, worse than category
Unit Count
484
40middle half 8–151 · n=111
Above median, better than category

Category median of published Personal Care & Beauty brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.

Is the system healthy?

Total units484Cited, not corroborated — printed on page 44 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
3-yr growth-16.6% (worth scrutinizing)
Turnover rate8.1% (favorable vs category)

Source: FDD 2026 · Item 20

Unit growth

Item 20 · unit dynamics

The Growth Chart

Total units
484
Opened
11
Last reporting year
Closed
39
Terminated
22
Franchisor ended the franchise (per Item 20)
Non-renewed
7
Term expired, not renewed (per Item 20)
Turnover rate
8.1%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (3-yr)
-16.6%
Net unit change over 3 years
3-yr CAGR
-16.6%
Compounded over last 3 years

Last fiscal year · Item 20 exits and transfers

Terminated
22
Not renewed
7
Signed, not yet open
15
0.03 per open outlet · Item 20 Table 5
Projected new
11
Franchisor's next-year forecast
Transfer rate
7.2%
Owners selling to other franchisees
Continuity rate
89.4%
Units that stayed open
Termination rate
6.0%
Franchisor-initiated terminations
Ceased ops
5.9%
Units that stopped operating
2023
565
Franchised units
2024
512-53
Franchised units
2025
484-28
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 32 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Active operators · 32 states
No contacts on file

States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.

Available to sell in · Item 12

  • Minnesota

States where the franchisor is registered to sell new franchises (FDD registration filings).

Where the owners are · Item 20 owner list

447 current owners across 32 states.

  • FL 56
  • MN 54
  • CA 51
  • NC 32
  • TX 28
  • AZ 21
  • MI 17
  • TN 16
  • CO 14
  • LA 14
  • PA 14
  • IN 13
  • +20 more states

Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.

Growth insight

A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.

SBA loan performance

Government records

SBA Loan Data

Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.

F
SBA Lending Health
Weak SBA lending record · 22.2% charge-off
Total loans
537
Loan volume
$74.9M
Median loan
$109K
50th percentile
Charge-off rate
22.2%
on 537 loans · rates vary by category · see methodology

Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated

Repayment rate (PIF)
77.7%
5-yr charge-off
33.3%
Loans approved 2021+
Active lenders
136
Defaults
97
Typical loan rate
6.4%
avg rate to borrowers
Franchised industry avg
12.1%
brand above franchise avg ↑
Jobs supported
4,480
6.8 per loan
Lender concentration
9%
top lender's share

Borrower mix: 55% went to startups / new businesses, 45% to established operators

Franchise vs independent — in beauty salons, franchised businesses charge off at 12.1% vs 18.6% for independents — franchising is associated with 35% lower SBA default risk in this category.

Vintage analysis

Fantastic Sams charge-off rate by loan vintage

BrandNational avg
Fantastic Sams charge-off rate by loan vintage. Showing 27 vintages from 1992 to 2019. Rates range from 0.0% to 63.6%.0%5%10%15%20%25%30%35%40%45%50%55%60%65%'92'98'03'08'13'18'19

Top lenders financing Fantastic Sams franchisees

Wells Fargo Bank National Association42 loans20.5%
PNC Bank, National Association22 loans22.7%
The Bancorp Bank National Association22 loans52.6%

Showing 3 of 136 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.

Explore lender portfolios on Bank Reports or regional data on State Reports.

Lender network · 7(a) + 504

SBA Lending Report

Full lending analysis for Fantastic Sams from SBA 7(a) FOIA data.

Principal loss rate
14.9%
Avg SBA guarantee
77%
Avg interest rate
6.39%
Avg chargeoff amount
$100K
Lender concentration
9.2%
Job velocity
6.8 per $100K
Startup risk premium
+21.2pp
NAICS benchmark
10.9%
NAICS 812112
Jobs supported
4,480

Top SBA lendersTop lender holds 9% of loans

#LenderLoansVolumeDefault %
1Wells Fargo Bank National Association42$5.6M20.5%
2PNC Bank, National Association22$2.2M22.7%
3The Bancorp Bank National Association22$4.3M52.6%
4Newtek Small Business Finance, Inc.18$1.9M16.7%
5LendingClub Bank, National Association17$3.9M68.8%
6Readycap Lending, LLC16$2.2M60.0%
7First Bank16$2.4M12.5%
8Old National Bank15$4.9M7.1%
9JPMorgan Chase Bank, National Association13$1.1M0.0%
10The Huntington National Bank13$1.3M33.3%

Geographic failure vector

StateLoansDefaultsRate
TXTexas60915.8%
MNMinnesota5736.0%
CACalifornia39718.9%
MIMichigan25834.8%
ILIllinois23730.4%
MOMissouri22523.8%
FLFlorida21422.2%
WIWisconsin21733.3%
AZArizona18527.8%
COColorado18847.1%

SBA 7(a) lending trend

1992
5
1993
1
1994
11
1995
18
1996
17
1997
33
1998
15
1999
16
2000
11
2001
12
2002
27
2003
35
2004
29
2005
34
2006
18
2007
21
2008
18
2009
9
2010
8
2011
6
2012
11
2013
6
2014
4
2015
8
2016
19
2017
26
2018
20
2019
10
2022
2
2023
3
2025
2
2026
1

Borrower profile

Startup18 (47%)
Ownership change9 (24%)
Existing (2+ yr)6 (16%)
Unanswered2 (5%)
New (< 2 yr)2 (5%)
New (< 1 yr)1 (3%)

Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict

Lending insight

A 22.2% charge-off rate means roughly 1 in 5 franchisees failed to repay their SBA loan. Investigate what changed.

What could kill this investment?

The auditor flagged going-concern doubt (Item 21) — the single biggest risk here.

SBA charge-off22.2% · 537 loans
Verdict score54/100 (higher is better)
Litigation6 cases
Auditor going-concern doubtYes (worth scrutinizing)

Source: SBA 7(a) FOIA · FDD Items 3, 21

Risk analysis

FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21

Risk & Legal

CAverage54Verdict score 54/100

⚠ Grade capped at C: the auditor disclosed a going-concern note (FDD Item 21). The verdict score reflects the underlying financials before that cap.

Fantastic Sams presents HIGH RISK due to declining unit count, unresolved litigation over disclosure accuracy, missing financial disclosure, and inability to demonstrate attractive returns on a substantial initial investment.

High confidence±4 pts
5058

Litigation (Item 3)

Subject: the franchisor is a named party (defendant).

1 pending arbitration (Fantastic Sams v. Yeretsyan, post-expiration non-compete, settled) and 5 prior actions: Linco/Martinez/Oppegaard (non-compete/trademark, settled with new franchise agreement); KAK Enterprises/Khan (non-compete, salon ceased operating); Eridon Enterprises/Hardaway (default/closure, counterclaims for breach/negligence/fraud, settled for $90,000 paid to franchisor); HopeWorks/Vasant (default/closure, counterclaims and separate CA state suit alleging misrepresentation, settled for $50,000 paid to franchisor); Halter/CMH Ventures (franchisee sought to invalidate non-compete, settled via amendment requiring franchisee to pay $25,000); F.S. Salons Sandy Springs/Stafford (non-compete violation, counterclaims for breach of contract/FTC Act/state consumer protection, settled for $53,500 paid to franchisor).

Bankruptcy (Item 4)

None disclosed

Audited financials (Item 21)

Yes · Malesys & Trost CPA PLLC⚠ Going-concern note flagged

Franchisor revenue (Item 21)

Yr 1: $9.1MYr 2: $10.2MNon-royalty: $0.2M

Franchisor entity revenue (not unit-level)

Item 21 statements are for Fantastic Sams Franchise Corporation (FSFC), a wholly-owned subsidiary of Fantastic Sams International Corporation / Dessange Group North America, Inc. Most recent audited statements: FYE Dec 31, 2025, audited by Malesys & Trost CPA PLLC (clean/unqualified opinion), but Notes include a Going Concern footnote (Note 11) citing recurring losses and dependence on continued support from parent DGNA. Balance sheet reconciles: total liabilities $7,450,920 + stockholders' equity $46,201,870 = total assets $53,652,791 (equity is positive despite being labeled 'deficit'; APIC $48,489,665 offsets accumulated deficit of $2,287,795). Total revenue $9,067,715 = franchise fees $7,705,267 + product sales $943,539 + initial franchise fees $242,599 + other revenues $176,309. Prior-year revenue (yr2, FYE 2024 = $10,215,872) comes from separately-audited Barclais CPA, LLC statements covering 2024/2023. Whole dollars (statements not in thousands).

ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.

Supplier relationship · Items 8 & 16

  • Franchisor sells you products: No
  • Kickbacks from required suppliers: Yes
  • Must buy proprietary products: Yes
  • Restricted to system-approved products: Yes
  • Can negotiate own supplier terms: No

Score breakdown · what drove the 54 / 100 verdict

  1. 01MINORSystem declining 9.4% YoY with 512 units — significant contraction suggests weakening brand demand and franchisee profitability challenges
  2. 02MINOREight active legal actions including franchisor-initiated breach/non-compete cases and franchisee claims of disclosure deficiencies and misrepresentation — indicates trust breakdown and potential systemic issues
  3. 03MEDNet income not disclosed in Item 19 — inability or unwillingness to provide earnings data is major red flag for ROI transparency and may indicate poor franchisee performance
  4. 04HIGHOngoing litigation over disclosure adequacy suggests franchisor may have misrepresented opportunity to previous franchisees — risk of similar claims against new franchisee
  5. 05MINOR10-year term is long-duration commitment into a shrinking system with no clear growth strategy or turnaround narrative

Severity inferred from the FDD text · not a regulatory classification

Showing the headline figures — all 164 extracted fields are in the Full FDD Report · $19 →

Full litigation history from the FDD (Items 3 and 4) →

What are you signing up for?

Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.

Initial term10 yrs
Renewal term5 yrs
TerritoryProtected, not exclusive
Initial training21 hrs

Source: FDD 2026 · Items 11, 12, 17

FDD Items 12, 15, 17 · continued from Risk & Legal

Contract & Territory Detail

Initial term10 years
Renewal term5 years
Allowed renewalsℹ1
Territory typeProtected territory
Protected territoryYes
Exclusive territoryℹNo
Territory population1,150,000
Online sales rightsℹRestricted
Franchisor can competeYes
Hire a manager?Allowed
Owner-operatorOptional
Non-compete (years)ℹ2 years
Non-compete (miles)ℹ5 mi
Right of first refusalℹYes
RoFR response window60 days
Transfer requires consentYes
Termination notice60 days
Termination groundsℹ19
Curable defaultsℹ10
Mandatory arbitrationYes
Arbitration locationWilmington, Delaware
Jury trial waiverYes
Governing lawDelaware
Litigation count6
View Item 3 litigation summary

1 pending arbitration (Fantastic Sams v. Yeretsyan, post-expiration non-compete, settled) and 5 prior actions: Linco/Martinez/Oppegaard (non-compete/trademark, settled with new franchise agreement); KAK Enterprises/Khan (non-compete, salon ceased operating); Eridon Enterprises/Hardaway (default/closure, counterclaims for breach/negligence/fraud, settled for $90,000 paid to franchisor); HopeWorks/Vasant (default/closure, counterclaims and separate CA state suit alleging misrepresentation, settled for $50,000 paid to franchisor); Halter/CMH Ventures (franchisee sought to invalidate non-compete, settled via amendment requiring franchisee to pay $25,000); F.S. Salons Sandy Springs/Stafford (non-compete violation, counterclaims for breach of contract/FTC Act/state consumer protection, settled for $53,500 paid to franchisor).

Items 10, 11

Training & Operations

Classroom training
21 hrs
On-the-job training
0 hrs
Training location
Maple Grove, MN (or alternative location) or virtually
Ongoing training
Required
Field support
0 hrs/yr
On-site visits per year
Time to open
4 mo
From signing to launch
Site selection
franchisee_finds_franchisor_approves
Franchisor financing
Not offered
Item 10
POS system
Zenoti
Operating tech stack

Items 5 & 11

Franchisor Support

✓Site selection assistance
✓Grand opening support
✗Lease negotiation help

Technology: Zenoti

Item 20 · call current owners

Franchisee Contacts

447 owners to call

Name · phone · city · state. Extracted from FDD Item 20

Unlock 447 contacts · $49
Free preview
(314) 849-••••MO
Unlock all 447 contacts
(801) 719-••••UT
(812) 291-••••IN
(925) 736-••••CA
(352) 750-••••FL

Frequently asked questions

Frequently Asked Questions

How much does it cost to open a Fantastic Sams franchise?

The total investment to open a Fantastic Sams franchise ranges from $163K – $453K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).

What do Fantastic Sams franchise owners earn?

According to Item 19 of the Fantastic Sams FDD, the average gross sales per unit is $325K. The median is $301K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.

Who owns Fantastic Sams?

Fantastic Sams is franchised by Fantastic Sams Franchise Corporation. Its parent company is Fantastic Sams International Corporation (FSI Corp). The ultimate parent named in the FDD is D. Participations SAS (French corporation). Source: FDD Item 1, 2026 filing.

What is Item 19 in the Fantastic Sams FDD?

The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Fantastic Sams FDD and qualifies whose outlets they describe.

What is Fantastic Sams's franchise failure rate?

Based on SBA 7(a) loan data, Fantastic Sams has a charge-off rate of 22.2% across 537 loans, meaning 22.2% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.

How many Fantastic Sams franchise locations are there?

As of their most recent FDD filing, Fantastic Sams has 484 total units in the United States, including 484 franchised units and 0 company-owned units. 11 new units were opened in the latest reporting year.

Is Fantastic Sams a good franchise to buy?

FranchiseVerdict rates Fantastic Sams as a C-grade franchise with a verdict score of 54 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.

Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.

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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.