Becoming a Shear Madness Owner is Easier Than You Think!
If you are ready to join our family of award-winning franchisees, just follow the steps below:
Initial Phone Call - This introductory call will allow us get to know each other and discuss the area that you are interested in - call Jim Otto direct at (913) 706-3753.
Financial Qualifications - Fill out our Confidential Request for Information form (CRI form). We are required to have this form on file and it will help us determine what type of financing, if any, may be right for you. Once we determine that you have the financial means to proceed with the process, you may request our Financial Disclosure Document (FDD).
Webinar - We highly recommend that you take our webinar that explains all about our award-winning concept. It will answer lots of questions including what type of build out, training, and the kinds of ongoing support that we offer.
Discovery Day - An important part of your due diligence process is coming to Discovery Day. Discovery Day is a great way for us to meet each other and find out if we are a good match for each other. Your success is extremely important to us and so is the success of our brand! If we feel we are a great match - you will be offered the chance to own a Shear Madness Haircuts for Kids franchise!
Awarding the Franchise - Congratulations! You have been awarded a Shear Madness Haircuts for Kids Franchise. Once you have signed the franchise agreement and paid the Franchisee Fee you are ready to get started, and we will be with you every step of the way!
How to finance your Shear Madness Haircuts for Kids salon
There are many ways to finance your Shear Madness Haircuts for Kids salons, including speaking with our own financing officer about the many different programs that we offer! You should research your options carefully before deciding on a strategy. Talk with us about your options and what you are considering, as we can often recommend programs that you may not even know exist and may open up new avenues of financing for you.
Cash - Liquid or semi-liquid assets. Financing with this option will give you the quickest way to get to break even because you will not be paying back loans in the form of interest payments. Be sure to weigh the “opportunity cost” of tying up your capital and compare that to the “hard cost” of another type of financing.
Home Equity Line of Credit - The fastest, easiest and cheapest way to borrow money is to set up a home equity line of credit at a bank. This option will only work if you have sufficient equity in your home to secure the loan. The International Franchise Association (IFA) says that 60% of franchises are financed this way.
Bank Loan - Traditional "commercial bank loans" are popular if you have a relationship with a bank and a good track record of repayment, then this could be a good option. Banks will typically want lots of collateral to back the loan in case you default.
Other - We dive into these three financing options as well as other options in our complete Financing Options pdf. Fill out the form below to receive our complete financing options document!
Submit the form below to receive two documents:
Item 7 "Initial Investment Fee"
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Financing Options
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