There's nothing better than making people feel beautiful--unless of course, you can make money while doing it. If you're thinking about buying a Fantastic Sams franchise, you need to understand the ins and outs of the business and have the time needed to make your new business a success. With the right tools, you can buy a Fantastic Sams franchise and get it up and running in no time.
Instructions
1. Have a general understanding of the business. Hair care is a $59 billion dollar industry, with lots of different niches throughout the country. Before you buy a Fantastic Sams franchise, do your research to find out the demographics for your area. You'll need to know what other businesses are in your city, and if there's room for you with the current client demand. Crunching the numbers beforehand will go a long way toward building a profitable franchise business.
2. Possess the skills that Fantastic Sams is looking for. In order to buy a Fantastic Sams franchise, you need to have a head for business. A potential owner should have strong business and marketing skills and be able to work in a team and help employees reach their goals. General business management skills are also a plus.
3. Have a net worth of at least $250,000. Before you can buy a Fantastic Sams franchise, you'll need to prove to the parent company that you have the financial resources to get your business started. Typically, this means at least $250,000 dollars in capital, with $60,000 of it being liquid.
4. Be in it for the long haul. Most businesses don't turn a profit until the second or third year, and you have to be willing to devote a lot of your free time to making your new business work.
