Snip-its
Formerly known as Superior Insurance Franchise
Bottom line
- Total investment $200K – $357K including a $35K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 22 loans (below the industry average).
- System contracting at -8.7% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Snip-its unit return on the cash you put in?
Unlevered ROIC · per unit
59%
In Yale's "attractive" band (30–60%)
Overview
About
Snip-its franchisees operate children's hair salons, managing daily operations including haircuts, styling, and customer service in a kid-friendly environment. Staff handle appointment scheduling, inventory management, and marketing to attract and retain families in their local markets. Franchisees are responsible for hiring, training, facility maintenance, and achieving sales targets while paying 5-6% royalties to the franchisor.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 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).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Snip-its presents meaningful investment risk due to declining unit count, extremely modest disclosed profitability, missing revenue data, unprotected territory, and franchisor going concern issues.
Score breakdown · what drove the 54 / 100 rating
- 01MINORUnit count declining 2.3% YoY (42 units) suggests system contraction and potential market saturation or franchisee struggles
- 02MINORAverage net income of $33,430 is extremely low relative to $200k-$357k investment — implies 6-10+ year payback period at best
- 03MEDRevenue figures not disclosed in FDD Item 19 — unable to validate profitability claims or benchmark performance expectations
- 04MINORNo protected territory — franchisees face direct competition from other Snip-its locations and cannot prevent cannibalization
- 05MINORRoyalty rate increases from 5% to 6% after year one — reduces already-thin margins during critical growth phase
- 06HIGHGoing Concern status is False — potential financial instability of franchisor raises questions about system support and longevity
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
20 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Snip-its · FDD (2024) PDF