FranchiseVerdict
Sport Clips logo
FV-02421·STRONGExcellent95

Sport Clips

Personal Services - Beauty & SalonFranchising since 1995Website
Investment
$237K – $581K
50th pct Beauty & Salon
Avg revenue
$419K
17th pct Beauty & Salon
Royalty
6.0%
18th pct Beauty & Salon
Units
1,788
98th pct Beauty & Salon
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $237K – $581K including a $30K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $419K/year (median $416K). Estimated payback in 2.9 years.
  • Rated STRONG with a risk score of 47/100. SBA loan default rate of 0.0% across 322 loans (below the industry average).
  • Established system with 1,788 units across 31 years of franchising — strong brand recognition and operational playbook.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Sport Clips, Inc.
Incorporated in
Texas
HQ
110 Sport Clips Way, Georgetown, Texas 78628
Auditor
BDO USA, P.C.
Audited financials
Franchisor revenue
$141.8M
vs $143.4M prior year

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 Sport Clips unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $419,485
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $237K–$581K
Working capital
$
FDD reports $23K–$60K

Unlevered ROIC · per unit

18%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$80K
EBITDA margin
19.0%
Total invested
$450K
Payback
68 mo
Unit-level 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 Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Sport Clips units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.0M

on $5.0M purchase

Total debt

$4.0M

SBA $2.5M + senior + seller note

Overview

About

Sport Clips franchisees operate men's hair salon locations offering haircuts, styling, and grooming services targeting male clientele. Day-to-day operations include managing 5-15 stylists, scheduling appointments, inventory management for products, maintaining clean/branded facilities, and driving customer acquisition through local marketing while adhering to corporate brand standards and service protocols.

CEO
Gordon Edward Logan
Founded
1993
FDD year
2026
States available
50

Item 7 · what it costs

The Vitals

Total investment
$237K – $581K
All-in to open one unit
Liquid capital
$23K – $60K
Cash you must have on hand
Franchise fee
$30K
Royalty
6.0%
Net Sales · typical 6–8%
Ad fund
5.0%
typical 3–5%
Total fee load
12.0%
vs 9–13% typical
Payback period
2.9 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$419K
Per unit, per year
Median gross sales
$416K
Item 19 type
Average and Median Gross Sales
Sample size
1645 units
vs category median 34 · large
Range (low → high)
$250K$1.0M
Cohort dispersion
Transparency
8 / 5
vs category median 4 / 5 · above
Revenue rank17th
vs Personal Services - Beauty & Salon peers
Investment cost rank50th
Lower investment ranks lower (better)
Royalty rate rank18th
Lower royalty = lower percentile (better)
Unit count rank98th
vs Personal Services - Beauty & Salon peers
Risk score rank12th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1,788
Opened
14
Last reporting year
Closed
26
Turnover rate
1.5%
Company-owned
86
Corporate units in the system
% franchised
95%
vs corporate-owned
Net growth (yr3)
-1.7%
Net unit change last year
3-yr CAGR
-4.6%
Compounded over last 3 years
2024
1,702-30
Franchised units
2025
1,732
Franchised units
2026
1,785
Franchised units

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

Item 20 · 18 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
Registered · 18 states
Not registered

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.

Total loans
322
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

47
Risk · 0-100
STRONG47 / 100

Sport Clips presents moderate-to-cautious risk due to declining unit economics, lack of financial disclosure standards, and whether franchisee returns justify the substantial capital investment in a contracting system.

Score breakdown · what drove the 47 / 100 rating

  1. 01MINORUnit count declining 1.7% YoY suggests system contraction and potential market saturation
  2. 02MINORNo Item 19 financial performance representation limits transparency on actual franchisee profitability claims
  3. 03MINORHigh initial investment range ($236.8K-$580.5K) with modest average net income ($139.9K) yields concerning 1.7-4.1 year payback period
  4. 04MINOR6% royalty on $419.5K average revenue extracts ~$25.2K annually, reducing already-thin margins in service business
  5. 05MINOR5-year term is relatively short for franchise model requiring consistent customer base development

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
65 hrs
On-the-job training
42 hrs
POS system
Salon Ultimate
Operating tech stack

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

100 numbers

Locked
(480) 839-••••
AZ
(480) 638-••••
AZ
(602) 358-••••
AZ

One-time purchase · CSV download · Validation questions included

FDD download

Sport Clips · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above