Pigtails & Crewcuts Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$130,000 - $283,000
Franchise Fee
$20,000
Min Cash Required
$150,000
Total US Locations
80
Business Summary
Pigtails & Crewcuts operates children's specialty hair salons that offer services like haircutting, nail and toe polishes, and up-dos. The salons also sell novelties, gifts, cosmetics, and private label hair care products specifically for children. Additionally, Pigtails & Crewcuts locations are designed to host children's birthday parties in a fun and wholesome setting.
Corporate History
Pigtails & Crewcuts Franchise, LLC was organized as a Georgia limited liability company on December 18, 2002. Pigtails & Crewcuts began offering unit franchises in December 2005. The company also offered Area Businesses franchises from December 2016 until April 2022, but is not currently offering them. Pigtails & Crewcuts' sole business activity is selling and supporting its franchises. Its majority owner also operates a company-owned salon in Atlanta, Georgia, which opened in November 2015.
Financial Overview
Investment Range
$130,000 - $283,000
Franchise Fee (Low)
$20,000
Franchise Fee (High)
$30,000
Minimum Cash Required
$150,000
Minimum Net Worth
$250,000
Royalty %
5%
Marketing %
2%
Equipment Costs (Low)
$70,500
Equipment Costs (High)
$186,000
Working Capital
$10,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Going concern qualification
Financial Health Notes
Pigtails & Crewcuts' financial condition, as noted in the special risks section of the FDD, raises questions about the franchisor's financial ability to provide services and support to franchisees. In 2024, Pigtails & Crewcuts reported $53,492 in members' equity and a net income of $123,566. In 2023, members' equity was $26,077 with a net income of $262,050. The company's total liabilities were over $1 million in 2024, compared to total assets just exceeding $1.15 million.
Financing Details
Pigtails & Crewcuts does not offer any direct or indirect financing to franchisees. Additionally, Pigtails & Crewcuts does not guarantee any franchisee notes, leases, or other financial obligations.
Performance Metrics
Total US Locations
80
Franchised Units
78
Corporate Units
2
Avg Square Footage
1,350
Franchising Since
2005
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Pigtails & Crewcuts has no litigation history to report. Item 3 of the FDD states that no litigation is required to be disclosed.
Bankruptcy History
Pigtails & Crewcuts has no bankruptcy history to report. Item 4 of the FDD states that no bankruptcy information is required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their Pigtails & Crewcuts franchise, franchisees must be in substantial compliance with all provisions of their agreement, maintain ownership or leasehold rights to the salon location for the new term, and provide advance notice. They will need to sign Pigtails & Crewcuts' then-current standard franchise agreement, pay a renewal fee of $2,500, sign a general release of claims, and refurbish or relocate the salon if required to meet current brand standards.
Training & Support Program
Franchisor Assistance
Pigtails & Crewcuts provides various forms of assistance. Before opening, the franchisor licenses trademarks, loans an Operations Manual, helps with site selection and approval, designates an exclusive territory, provides design plans and build-out specifications, and assists with initial opening inventory orders. Franchisees and their Operating Managers must complete a 5-day initial training program consisting of 3 days at Pigtails & Crewcuts' designated facility and 2 days of on-the-job training at the franchisee's salon. After opening, Pigtails & Crewcuts offers periodic guidance on operational methods, children's haircut and hair care product sales, hosting birthday parties, advertising and promotional programs, and administrative procedures. The franchisor also processes inventory orders, notifies franchisees of changes to standards and suppliers, reviews advertising materials, and may provide additional resources and assistance as needed. Pigtails & Crewcuts also completes and ships products, equipment, and supplies ordered by franchisees.
Initial Training Hours
32.5
Training Location
Corporate facility in Atlanta, GA, and at a designated Pigtails & Crewcuts Salon
Ongoing Support
After opening, Pigtails & Crewcuts provides ongoing guidance to franchisees as deemed necessary, covering operational methods, sales of child haircut and hair care products, conducting children's birthday parties, and implementing advertising and promotional programs, as well as administrative and accounting procedures. The franchisor also processes orders for inventory and notifies franchisees of changes to salon standards, specifications, and approved suppliers. Pigtails & Crewcuts may offer other resources and assistance as developed for franchisees. The franchisor may also conduct additional training if requested by the franchisee and if personnel are available. Periodically, Pigtails & Crewcuts may require franchisees or their Operating Managers to attend refresher and/or advanced training courses, as well as annual conferences or regional meetings.
Franchise Requirements
Ideal Candidate Profile
Pigtails & Crewcuts seeks prospective franchisees with a minimum net worth of $250,000 and at least $150,000 in liquid capital. Candidates are expected to have prior business management experience, which is considered vital for new franchisees. While prior salon management and business ownership experience are highly desirable, they are not explicitly required. Individuals may own a franchise for investment purposes if they successfully complete training and employ a full-time manager who also completes training.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
Absentee Allowed
Territory Type
exclusive
Territory Size Requirements
Each Pigtails & Crewcuts franchise receives an exclusive territory consisting of a three-mile radius around the approved salon location.
Staffing Notes
Pigtails & Crewcuts requires the salon to be under direct, on-premises supervision at all times by either the franchisee (if they have at least a 25% ownership/voting interest) or a designated Operating Manager. The Operating Manager must be responsible for day-to-day operations, be present for significant periods, and complete the initial training program. Either the Operating Manager or another manager/assistant manager must be present during all operating hours. Franchisees are responsible for hiring, training, and supervising competent employees to meet operational standards. The franchisor's Operations Manual may provide guidelines on staffing levels, employee qualifications, training standards, and appearance.