![]() ![]() We’re better this year than we were last year, and we’ll be better next year! There is a lot of runway left and the future is bright for Sport Clips.” We believe in and practice the art of Kaizen, always looking for continual incremental improvement in all aspects of our operations. Our franchisee felt the impact during the government mandated shutdowns, but our strong culture enabled us to pull together to minimize the economic impact. We’ve shown that there’s nothing that we can’t get through if we stay rooted in our culture as a brand. “We just went through an incredible event – something that we only see once in a lifetime. “Sport Clips is unstoppable,” says Jim Atkinson, Vice President of Franchise Development. This means that so long as financial representations are on the web, SCI must provide an FDD to any person who requests it immediately, and without any kind of delay such as first requiring a personal meeting or a telephone conversation for a period of 67 months after the representations are no longer on SCI’s website. A reasonable period of time is not less than six months. If a franchisor stops running the advertisement and makes no additional financial performance representations in the general media, it nonetheless must continue to disclose information required by Item 19 for a reasonable period of time thereafter. A franchisor running an advertisement containing financial performance information at the very least must furnish any prospective franchisees with the required Item 19 disclosures while the advertisement is running. The amended Rule requires that a franchise seller making a financial performance representation in the general media ensure that a full disclosure of the financial performance representation – including the material bases and assumptions – appears in Item 19 of the franchisor’s disclosure document. Relationship Between General Media Financial Performance Representations and Item 19 Disclosures ![]() a clear and conspicuous admonition that a new franchisee’s results may differ from the represented performance. the time period when the performance results were achieved andģ. the number and percentage of outlets from which supporting data for the representation were gathered that actually attained or surpassed the representedĢ. In addition, general media financial performance representations must state:ġ. Specific Requirements Applicable to General Media Claims Financial performance representations made in the general media are subject to the requirements that apply to all financial performance representations, i.e., that they be truthful and reasonable backed by substantiating written information the franchisor possesses when the representations are made. I am also attaching the original requirements legal shared with us in case I forgot to attach to the original email. at 110 Sport Clips Way, Georgetown, Texas 78628. Written substantiation for the financial performance representation will be made available to the prospective franchisee at the office of Sport Clips, Inc. ![]() There is no assurance you will sell as much. Percentage of Stores/Cumulative % of stores at each level or higher The FDD reports on all of our franchise locations with more than 2 years in operations at December 31, 2022) – and we couldn’t be prouder of the results. Sport Clips recently published our most recent Franchise Disclosure Document (FDD), which goes into comprehensive detail as to the financial performance of our franchised stores. After years of growth, the Sport Clips business model has proved a thriving investment. You want to know if the business you’re going to invest in lives up to its promises – or to put it another way, that the risk will be worth the reward. This is the most common and perhaps most important question entrepreneurs have when evaluating a business opportunity. Sport Clips is a business model built on long-term growth ![]()
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