Comments on: SPORTS CLIPS: A Great Franchise? Read Recent Comments. http://www.unhappyfranchisee.com/sports-clips-a-great-franchise-read-recent-comments/ The uncensored truth about franchises... from those who own them. Fri, 30 Jul 2010 00:27:55 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Lost Everything http://www.unhappyfranchisee.com/sports-clips-a-great-franchise-read-recent-comments/comment-page-1/#comment-23016 Lost Everything Fri, 19 Mar 2010 15:49:27 +0000 http://www.unhappyfranchisee.com/sports-clips-a-great-franchise-read-recent-comments/#comment-23016 I got out of my Sport Clips franchise last Nov. In the end, I simply ran out of money and had to walk away. The AD took over the store settling with my lender for salvage value of assets (pennies on the dollar) and leaving me with around $250,000 in debts between the lender, the landlord, and the bank lines of credit. I am financially ruined with criditors harassing me constantly for money I don't have. I could have tolerated Gordon Logan's deviousness and self-serving 2-faced lies if I ever made any money at this business, but I never did. The BIG lie is that the Sport Clips concept is not a generally viable business model with some exceptions. Gordon NEVER tested the concept in new geographies, but just threw stores out there to see if they would fly. The vast majority simply do not. The reasons? Men's only hair services are simply NOT profitable. You MUST provide (the more expensive) women's services as well to turn a dollar. Furthermore, many markets are over-saturated with hair salon options for consumers and the Sport Clips is not able to attract enough market share from competitors to stay afloat. Unprofitable, undifferentiated business model, over-saturated market, excessive operating costs in many markets, and high startup costs are the main reasons Sport Clips does not work. Sport Clips corporate has always known this and masks the numbers by not tracking or disclosing net profitabilit statistics up front. Since the concept DOES work in selected markets, their IMMORAL and UNCONSCIONABLE strategy has been to throw stores out there everywhere (so they can say they are the fastest growing national men's hair care chain) KNOWING that many would fail and franchisees would lose their life savings, jeopardize their retirements, kid's ability to go to college, and generally experience financial ruin. To put it simply, Sport Clips is NOT a viable business model and Sport Clips corporate knows this but doesn't care. If this rant prevents one prospective franchisee from investing in Sport Clips, I've accomplished my purpose. I got out of my Sport Clips franchise last Nov. In the end, I simply ran out of money and had to walk away. The AD took over the store settling with my lender for salvage value of assets (pennies on the dollar) and leaving me with around $250,000 in debts between the lender, the landlord, and the bank lines of credit. I am financially ruined with criditors harassing me constantly for money I don’t have. I could have tolerated Gordon Logan’s deviousness and self-serving 2-faced lies if I ever made any money at this business, but I never did. The BIG lie is that the Sport Clips concept is not a generally viable business model with some exceptions. Gordon NEVER tested the concept in new geographies, but just threw stores out there to see if they would fly. The vast majority simply do not. The reasons? Men’s only hair services are simply NOT profitable. You MUST provide (the more expensive) women’s services as well to turn a dollar. Furthermore, many markets are over-saturated with hair salon options for consumers and the Sport Clips is not able to attract enough market share from competitors to stay afloat. Unprofitable, undifferentiated business model, over-saturated market, excessive operating costs in many markets, and high startup costs are the main reasons Sport Clips does not work. Sport Clips corporate has always known this and masks the numbers by not tracking or disclosing net profitabilit statistics up front. Since the concept DOES work in selected markets, their IMMORAL and UNCONSCIONABLE strategy has been to throw stores out there everywhere (so they can say they are the fastest growing national men’s hair care chain) KNOWING that many would fail and franchisees would lose their life savings, jeopardize their retirements, kid’s ability to go to college, and generally experience financial ruin. To put it simply, Sport Clips is NOT a viable business model and Sport Clips corporate knows this but doesn’t care. If this rant prevents one prospective franchisee from investing in Sport Clips, I’ve accomplished my purpose.

]]> By: ADMIN http://www.unhappyfranchisee.com/sports-clips-a-great-franchise-read-recent-comments/comment-page-1/#comment-19324 ADMIN Mon, 11 Jan 2010 19:01:26 +0000 http://www.unhappyfranchisee.com/sports-clips-a-great-franchise-read-recent-comments/#comment-19324 Check out the Sports Clips press release on UnhappyFranchisee.com boasting same-store sales growth in 2009 and high industry rankings: <strong><a href="http://www.unhappyfranchisee.com/sports-clips-boasts-strong-franchise-rankings/" rel="nofollow">SPORTS CLIPS Boasts Strong Franchise Rankings</a></strong> Comments welcome. Check out the Sports Clips press release on UnhappyFranchisee.com boasting same-store sales growth in 2009 and high industry rankings:
SPORTS CLIPS Boasts Strong Franchise Rankings

Comments welcome.

]]>