SUPERCUTS RANKED #1 HAIRCARE FRANCHISE AND 14TH FRANCHISE OVERALL IN ENTREPRENEUR MAGAZINE’S 33RD ANNUAL “FRANCHISE 500”!
Minneapolis, MN–For the fourth year in a row, Supercuts, one of the largest and most iconic salon brands in the country, has been ranked the number one haircare franchise in the U.S. and the 14th best franchise opportunity overall in Entrepreneur magazine’s annual Franchise 500® issue.
Supercuts pioneered the haircare industry’s affordable haircut, opening its first salon in California in 1976. In 2011, 99 new Supercuts opened across the country, bringing the franchise to 2,413 locations throughout the United States, Canada, Puerto Rico and the United Kingdom. Supercuts is part of Regis Corporation’s (NYSE:RGS) family of franchised brands.
“We’re very proud, but not surprised that Supercuts has been recognized as the country’s number 1 haircare franchise for the fourth year in a row,” said Paul Plate, Regis Corporation’s senior vice president, franchise division. “Each of our franchisees has access to tools, resources and a business model designed to help them grow and expand.”
Gary Grace, president of the Supercuts Franchise Association and a multi-unit franchisee himself, believes that Supercuts’ #14 overall ranking in Entrepreneur’s Franchise 500 issue speaks to the brand’s strong franchisee network. “Supercuts has a tremendous built-in support system for franchisees. We attend conferences, share best practices with each other and help each other out and offer advice,” Grace said. “I believe that being recognized for so many years in a row reflects how well we work together. Everyone makes sure our customers have a good experience – from each Supercuts stylist and salon manager to our franchisee network and Regis Corporation.”
Entrepreneur’s 33rd annual Franchise 500 was published in December 2011 and is considered the world’s most thorough and comprehensive franchise ranking. Rankings are determined by objective, quantifiable measures of a franchise’s operations and include factors such as financial strength and stability, growth rate and size of the system, years in business and startup costs.