18|8 Fine Men’s Salon Named to FranchiseGrade.com’s Top 500 List
February 5, 2016
18|8 Fine Men’s Salon Named to FranchiseGrade.com’s Top 500 List
Rapidly Expanding Men’s Salon Featured on Distinguished List of Top Franchise Companies
LAGUNA NIGUEL, Calif. – 18|8 Fine Men’s Salon, the only men’s salon catering to a discerning clientele with an upscale suite of hair care and grooming services, has earned another national accolade for its growth and achievements during 2015. FranchiseGrade.com, a leading franchise market research firm, announced that 18|8 has been named to its annual list of top 500 franchise companies. The list, titled “The Franchise Grade Top 500”, ranked hundreds of participating franchise companies by their overall performance for the year.
Through its analysis, FranchiseGrade.com’s ranking places 18|8 in the top 20 percent of all U.S. franchises researched, beating out more than 2,000 franchise concepts.
“Being included among the nation’s top franchise opportunities is a real honor,” said Scott Griffiths, founder and CEO of 18|8. “As we look at 2016, we plan to build on the momentum and focus on growing our brand in new markets throughout the country. We will also continue providing our current franchise partners with the support and resources they need to achieve great success in each of their salons.”
FranchiseGrade.com collected and evaluated data from 2,387 franchise systems to determine the rankings. Using its Franchise Performance Index™, a data analysis tool that grades franchise investment opportunities, concepts were evaluated on: number of years franchising, franchisee turnover rates, litigation history, sector growth, executive backgrounds, franchisee satisfaction survey results, lending data and more.
In the past year, 18|8 has opened more than 20 salons in markets including suburban Chicago, Portland, and multiple cities in California, like Oakland, Torrance, Walnut Creek and Sacramento. Looking ahead, 18|8 is targeting additional U.S. markets throughout California, Texas, Florida, New Jersey and Illinois for future locations.
At 18|8, men can relax in the brand’s signature lounge area before their grooming services, which range from cuts and styling (modern and classic) to straight edge hot lather shaves, facials, massages, scalp treatments and more. The 18|8 team takes the time to learn about its clients, their personalities and special needs, and then caters services to mirror their lifestyle choices. Customers may even purchase memberships that cover prepaid hair and grooming services.
Entrepreneurially spirited individuals interested in investing in the franchise will receive full support services ranging from initial and ongoing training to proprietary product development and style classes. Those interested in owning an 18|8 Fine Men’s Salon franchise should commit to investing between $256,801-$317,639.
For more information about available franchise opportunities, please visit: http://eighteeneight.com/franchise-info/
To learn more about Franchise Grade Top 500 list, please visit: http://www.franchisegrade.com/index.php/the-franchise-grade-top-500/
About 18|8 Fine Men’s Salons
Claiming its name from the original formula for stainless steel, 18% chromium + 8% nickel added to steel, 18|8 Fine Men’s Salons offers its clients that same transformative effect – leaving men looking better, feeling better and performing better. Since launching in 2002, 18|8 has established itself as the only men’s salon catering to a discerning clientele with an upscale suite of hair care and salon services. 18|8 Fine Men’s Salons currently has 400 stores operating and in development.
To learn more about 18|8’s services, visit www.eighteeneight.com.
About FranchiseGrade.com
FranchiseGrade.com is the leader in competitive market research and objective analysis for the franchising industry. Its franchise assessment, grading and standardized reporting tools provide industry stakeholders with critical data driven metrics to support the growth of successful franchise systems. FranchiseGrade.com works to raise the bar for market research in the franchise industry to build a stronger franchise opportunity.
For more information about FranchiseGrade.com, visit: http://www.franchisegrade.com
