E2 Visa – Supercuts Franchise
If you are looking for a cutting edge E2 visa investment, think about owning one of the most respected haircutting stores in the business by purchasing a Supercuts franchise. Although owning a hair salon might not have been high on your list of franchise opportunities, this is an amazing opportunity to buy into a franchise that is recession resistant, has a built-in demand and allows you to own manager run locations.
This is a business model that you should consider if you are a results driven entrepreneur looking for a hands-off business opportunity that will allow you to enjoy living in the United States.
We Can Help You
Our goal here is to just do some initial research for you and give you some ideas as to the variety of opportunities. If you are interested in starting a Supercuts franchise, let us know as we have some excellent contacts.
Ok – let’s get into some details about the Supercuts Franchise.
The Supercuts Difference
Supercuts was founded in 1975 as an alternative to high-fashion salons and neighborhood barbershops. The big difference between Supercuts and other salons is that it is a one stop shop for the whole family. Owners enjoy the opportunity to engage with their local communities and report that the franchisor provides above-average support through every process of running the business.
There are less then 1,500 supercuts franchises in the United States, and only 20% of them are owner operated franchises. This means that there is a huge opportunity for growth, especially considering that Supercuts is seeking new franchise units throughout the United States.
Supercuts is an attractive investment with a proven and rewarding business model. It is also ranked #5 on the 2015 Entrepreneur.com Franchise 500.
Supercuts – A Stylish E2 Investment
There are two important considerations for determining whether or not a franchise is a good choice for an E2 investor; 1) does the franchise allow absentee ownership, and 2) will the franchise create enough jobs to qualify with US Immigration?
For Supercuts, the answer to both of these questions is, “yes.”
Because Supercuts allows absentee ownership, you can hire and train the right team and then spend as little time as you want engaged in running the business. A typical franchise unit requires 6-8 employees, well in the excess of the requirements for an E2 visa.
A typical Supercuts franchise will require an upfront investment of $144,400 – $293,800.
Net Worth Requirements
Net worth is basically the value of your assets minus the value of your debts, and franchisors normally require you to show a certain net worth in order to guarantee that you are going to be successful in the business.
For Supercuts, you will need to show a net worth of $500,000.
Liquidity is important because it shows the franchisor that you will have cash on hand in case of an emergency.
For a Supercuts franchise, you are required to have $150,000 cash on hand.
Note: While a line of credit may be sufficient to meet this requirement, as a new arrival to the US under an E2 visa you may not have immediate access to lines of credit. Make sure you consider this in your overall investment budget.
The Supercuts franchisor provides word-class training modules in business management, customer service, and recruiting. In fact, the high quality of the training that Regis Corporation provides is something that Supercuts owners feel strongly about sharing. In fact, owners report that they are extremely pleased with the ongoing training system that is provided for both them and their employees.
For Supercuts, there are four days of required training at their headquarters.
Along with the recession resistant business model, the ability to own a manager-operated business and high quality training for owners and their employees, Supercuts provides a number of additional benefits.
These benefits include provision of a newsletter, meetings, toll-free phone lines, grand opening promotions, internet, security/safety procedures, field operations/evaluations, a national media present, ad slicks and help with lease negotiation.
Franchise Fee / Royalty
All franchise owners have to pay a small royalty or commission on the business they generate using the franchise name and business model. In many cases, but not all, you will be required to pay:
- An initial Franchise Fee to become a franchise owner,
- A royalty based on a percentage of the monthly gross of the business; and,
- A franchise fee for any advertising and corporate promotions.
Supercuts requires a franchise fee of $29,500.
Supercuts will charge you an ongoing royalty of 6% of your revenues.
Finding Your Location
As your E2 visa immigration lawyers, we would be delighted to work with you and get you connected with the best person within Supercuts to help you secure your location. Give us a call and we will get the ball rolling for you.
We offer free initial consultations to anyone looking for an E2 visa and a matching business. Our goal is to provide all of your clients with the very best advice and support possible, so do not hesitate to call for your free consultation.
US Immigration Law Offices of Chris M. Ingram
Chris M. Ingram LL.M., ESQ – Immigration Attorney
Admitted in New York.
Practice Specializing in US Immigration Law
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Tel: 310 496 4292
Everyday the Law Offices of Chris M. Ingram provides a comprehensive range of US Immigration expertise. We also provide a free consultation for our prospective clients.
Please note that nothing contained in this website or link therefrom shall be regarded as providing legal advice. Please contact us directly for legal advice specific to your situation. Thank You.
Specializing in the E2 Visa, EB1 Green Card, L-1A Visa and O1 Visa and K1 Visa Marriage-Based Immigration. Attorney Chris M. Ingram is dedicated to providing the very best in US Immigration legal representation. Enjoy our website.
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