Sharkey’s Cuts For Kids Franchise FDD, Profits & Costs (2025)

Sharkey’s Cuts for Kids is a top franchise in the children’s hair salon industry. Founded in 2001 by Linda and Scott Sharkey, it is headquartered in Westport, Connecticut. The franchise began in the early 2000s and has grown to over 100 locations globally. Sharkey’s is known for its fun, innovative approach to kids’ haircuts.
What sets Sharkey’s apart is its child-friendly environment. The salons feature themed chairs like Dodge Police Cruisers and Barbie Jeeps. Kids can enjoy Xbox One, PS4, or watch cartoons during their haircuts. This makes the experience enjoyable for both children and parents.
Sharkey’s also provides strong support and training for franchisees. The franchise offers a passive ownership model, ideal for long-term sustainability. Franchisees benefit from pre-opening training, ongoing support, and innovative marketing strategies.
Initial Investment
How much does it cost to start a Sharkey’s Cuts for Kids franchise? It costs on average between $189,000 – $299,000 to start a Sharkey’s Cuts for Kids franchised facility.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of center you choose, the location, and whether the franchisee chooses to lease or purchase the property. Sharkey’s Cuts for Kids offers 2 types of franchises:
Franchise Package | Initial Investment Range |
---|---|
Single Sharkey’s Cuts for Kids (A-Package) | $188,665 to $299,360 |
Single Sharkey’s Cuts for Kids (B-Package) | $188,665 to $275,740 |
We are summarizing below the main costs associated with opening a Single Sharkey’s Cuts for Kids (A-Package). For more information on the costs required to start a Sharkey’s Cuts for Kids franchise, refer to the Franchise Disclosure Document (Item 7).
Type of Expenditure | Amount |
---|---|
Initial Franchise Fee | $159,990 |
Rental (1 month) | $1,750 to $5,500 |
Leasehold Improvements | $0 to $53,620 |
Professional Fees | $0 to $2,500 |
Blue Prints and Plans | $0 to $5,000 |
Computer Systems & Software | $14,500 to $24,000 |
Insurance Premiums (Per Month) | $175 to $250 |
Security Deposits | $750 to $5,750 |
Grand Opening Advertising | $12,000 |
Permits and Licenses | $250 to $750 |
Additional Funds (Three Months) | $0 to $30,000 |
Total | $188,665 to $299,360 |
Average Revenue (AUV)
How much revenue can you make with a Sharkey’s Cuts for Kids franchise? A Sharkey’s Cuts for Kids franchised location makes on average $257,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $343,000 yearly revenue for similar hair salon franchises. Below are 10 Sharkey’s Cuts for Kids competitors as a comparison:
Sharkey’s Cuts for Kids Franchise Disclosure Document
Frequently Asked Questions
How many Sharkey’s Cuts for Kids locations are there?
As of the latest data, Sharkey’s Cuts for Kids operates 142 franchised locations. There are no company-owned units; all locations are owned by franchisees. The brand has expanded rapidly across the U.S., Canada, Europe, and the Middle East, and it continues to grow by opening up to 35 new franchises per year.
What is the total investment required to open a Sharkey’s Cuts for Kids franchise?
The total investment required to open a Sharkey’s Cuts for Kids franchise ranges from $189,000 to $299,000.
What are the ongoing fees for a Sharkey’s Cuts for Kids franchise?
For Sharkey’s Cuts for Kids franchise, the royalty fee is $1,750 per month. This fee is standard in the franchise industry and is paid regularly to the franchisor for ongoing support and the right to use Sharkey’s brand.
Additionally, franchisees are required to pay a marketing fee of 3% of gross sales. This fee goes toward local and national advertising campaigns, helping to promote the brand and drive traffic to franchise locations.
What are the financial requirements to become a Sharkey’s Cuts for Kids franchisee?
To become a Sharkey’s Cuts for Kids franchisee, there are specific financial requirements you must meet. Prospective franchisees are expected to have a minimum net worth of at least $300,000. Additionally, they must have at least $100,000 in liquid capital.
These financial criteria ensure that potential franchisees have the resources necessary to support the initial investment and operating expenses during the early stages of the business.
How much can a Sharkey’s Cuts for Kids franchise owner expect to earn?
The average gross sales for a Sharkey’s Cuts for Kids franchise are approximately $0.26 million per location. Assuming a 15% operating profit margin, $0.26 million yearly revenue can result in $38,550 EBITDA annually.
Who owns Sharkey’s Cuts for Kids?
Sharkey’s Cuts for Kids is owned by Scott Sharkey, who co-founded the brand along with his wife, Linda Sharkey. They created the franchise to offer a fun and engaging salon experience for children. Since its founding, Scott Sharkey has played a key role in expanding the brand, which has grown into a successful international franchise.
Disclaimer
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