SUPERCUTS® RANKED A TOP FRANCHISE IN ENTREPRENEUR’S HIGHLY COMPETITIVE 39th ANNUAL FRANCHISE 500®
FOR IMMEDIATE RELEASE
Supercuts Franchise recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact Entrepreneur received over 1,000 applications this year, making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Supercuts as #14 overall for its outstanding performance in areas including unit growth, brand power, financial strength and stability.
Key factors going into Entrepreneur’s evaluation include the aforementioned as well as costs and fees and support and many other factors. In all more than 150 data points contribute to a cumulative score, and the 500 franchise systems with the highest cumulative scores become the Franchise 500® in ranking order.
“Our #14 ranking is a feat in and of itself, but also represents the 9th consecutive year Supercuts has placed in the top 20 of Entrepreneur’s Franchise 500. This truly is a testament to the focus and execution our world class Supercuts team continuously places on being among the nation’s elite franchisors. They have helped steward and develop the Supercuts brand and franchise system into a sound platform business owners nationwide, and now, internationally, can leverage to help reach personal goals. The Entrepreneur ranking is a rigorous process and we thank the Entrepreneur team for the dedication to the great work they do and recognizing our highly skilled Supercuts team for the work they do. I could not be more proud.” – Eric Bakken, President of Franchise
Supercuts also ranked #3 in the Entrepreneur 500 – Hair Care category, representing the 17th consecutive year Supercuts has been in the top 3 of the category.
“This year’s Franchise 500 ranking features both up-and-comers who bring fresh ideas to an ever-changing industry, as well as savvy stalwarts that have thrived for decades. We are proud to highlight and celebrate them all,” says Jason Feifer, editor in chief of Entrepreneur. “Our results show that the industry is strong—and that the most enduring franchisors are those who learn to balance innovation with reliability. That’s how to attract new customers while keeping the old ones happy.”
Over its 39 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Supercuts’ position on the ranking is a testament to its strength as a franchise opportunity.
To view Supercuts in the full ranking, visit www.entrepreneur.com/franchise500.
Results can also be seen in the January/February issue of Entrepreneur, available on newsstands January 16th.
About Supercuts Franchise
Supercuts Franchise is among the nation’s elite franchise systems developing a brand and franchise platform entrepreneurs nationwide rely on to reach their personal goals. The hair care industry represents a vast and recurring potential revenue source in consumers’ needs for hair services continuously. The Supercuts franchise platform was developed to help business owners access this recurring revenue source and attempt to consolidate a highly fractured industry under branded consistency consumers demand. With more than 2000 Supercuts salons throughout North America, Supercuts is an elite hair care provider and elite franchise system. For more information please visit supercutsfranchise.com
About Regis Corporation
Regis Corporation (NYSE:RGS) is a leader in beauty salons and cosmetology education. As of June 30, 2017, the Company owned, franchised or held ownership interests in 9,008 worldwide locations. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters, Roosters and First Choice Haircutters. Regis maintains an ownership interest in Empire Education Group in the U.S. For additional information about the Company, please visit regiscorp.com.
Contact Name: Meredith Gilroy
Company St. Jacques Marketing
Email [email protected]