Pre-Qualificiation
Let’s get to know each other! An initial conversation allows us to learn about your interests and answer some preliminary questions you may have about HairClub. You’ll also be asked to complete a short Request for Consideration form so we can evaluate some basic qualifications.
FDD Review
Time for the details. We’ll send you our Franchise Disclosure Document (FDD) which outlines who we are, the business model, investment numbers and other important information you need to know about the HairClub franchise. We’ll plan a call to cover any of your questions.
Mutual Investigation
Piecing it together. Now that you understand the basics of the business, we’ll continue our education by learning the specifics about operations, real estate, training, support and more. In addition, it’s important to understand your goals, experience and skill sets. By now, we should have a good idea if there’s a potential fit.
Validation
Put it to the test. By now we hope you feel confident in our franchise model and system, but we want you to verify by speaking with those that live it on a daily basis. Learn how HairClub has helped others fulfill their personal and professional goals through conversations with other franchise owners/operators.
Discovery Day
The real deal. This will be your opportunity to meet the Team in person and visit a HairClub Center to see, firsthand, what we’re all about. We want you to ask lots of questions, get a feel for our culture and have fun!
Executive Team Approval
Impress the Team. Our Executive Team will do a final evaluation of your application and make a decision on awarding a franchise. If approved, we’ll send you the Franchise Agreement in preparation for signing.
Welcome to HairClub
Sign and celebrate! We will execute the Franchise Agreement and welcome our newest member to the HairClub family. Get ready to change lives!
Are you a fit?
What makes a great HairClub franchisee? It starts with a passion to help others. Not only do we help men and women restore their hair, we change the way they experience life. If that excites you, let’s take a look at other characteristics that make up a HairClub owner.
• Business Experience
Don’t have experience in the hair loss industry? Not to worry. Our candidates come from a variety of backgrounds. If you are creative and strategic with an entrepreneur’s mentality, let’s have a chat.
• Culture and Commitment
As said above, we look for passionate partners that have a desire to help others, but it doesn’t stop there. Enthusiasm for our business model and the commitment to stick to it is paramount in becoming a successful franchise owner.
• Financials
As with any business, proper capitalization is crucial in setting up your business for success. While these figures may vary from market to market, we typically ask our franchisees to have a minimum net worth of $600,000, including $200,000 in liquid assets.
Please review our Investment Info to learn more about what it takes to start up a HairClub franchise.
Total
$491,733
- TO -
$1,428,583
Initial Operating Expenses
Three months' worth capital to support on going operational expenses
Equipment
Furniture, fixtures and equipment including computer hardware and software
Franchise Fee
Exclusive right to own and operate a HairClub Center, including proprietary products and technologies
Lease
Cost to rent a space, including utility deposits, for your HairClub Center
Business Fees
Includes expenses for legal, accounting, licences, permits, insurance, travel for training, and other miscellaneous expense
Initial Inventory
the amount of inventory to launch your HairClub business
Grand Opening Marketing
Initiate brand awareness and client interest
Construction Costs
A combination of leasehold improvements, signage, and architect fees
With 120 locations in North America, HairClub has a presence in all major metropolitan areas, with certain markets capable of supporting multiple locations. We’ve found that our business model really thrives in areas with 300,000+ television households that have a strong median income. Find the location that’s right for you.
1 IBIS World Hair Loss Treatment & Removal in the U.S., January 2021 [Source]
