OFFICIAL FILING · MN · 2017
Sport Clips FDD (Franchise Disclosure Document) — 2017
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). Sport Clips's most recent FDD tracked here was filed in 2017 with the Minnesota Department of Commerce (public CARDS portal) — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2017 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $25K |
| ITEM 6 | Ongoing royalty | 6.0% of gross sales |
| ITEM 7 | Total initial investment | $189K–$355K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $386K ("The gross sales figures included in the first Statement of Gross Sales below are based upon all 1,105 Sport Clips franchise stores that were in continual operation for the entire calendar years of 2014, 2015, and 2016." The 2 Statements of Gross Sales exclude 4 stores in Rochester, New York (special limited services license) and 32 Company-owned stores in Austin, Texas and Las Vegas, Nevada. "These 1,105 stores had average sales of $412,661 for the entire year 2016. 478 stores had sales above this average, and 627 stores had sales lower than the average. The median sales for these 1,105 stores was $385,934 for the entire year of 2016.") |
| ITEM 20 | Outlets (fiscal 2016) | 1,552 franchised at year end · 2 exits (0.1% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Brown, Graham & Company, P.C. |
Citation discipline: every figure above is extracted from the 2017 Sport Clips FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
Sport Clips FDD questions, answered
Where can I download the Sport Clips FDD for free?
Sport Clips's 2017 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Sport Clips's most recent FDD on file?
The most recent Sport Clips FDD tracked here was filed in 2017 with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does Sport Clips's FDD disclose earnings (Item 19)?
Yes — Sport Clips makes a financial performance representation in Item 19 of its 2017 FDD, reporting a median unit volume of $386K. Read the basis fine print: franchisors choose which units and metrics to include.
What does Sport Clips's FDD Item 20 show?
In fiscal 2016, Sport Clips ended with 1,552 franchised outlets; 2 of 1,423 open at the start of the year left the system — an annualized exit rate of 0.1% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Sport Clips's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →