The Snip-Its
The total investment to open a The Snip-Its franchise ranges from $128,975 to $360,825. The initial franchise fee is $35,000. Ongoing royalties are 6% plus a 2% advertising fee.
What is the The Snip-Its franchise?
The children’s salon franchise offers haircuts for children and their parents. The estimated total initial investment is $128,975 to $360,825, and the initial franchise fee is $35,000, according to the 2026 Franchise Disclosure Document.
The royalty is 6 percent of sales, and the advertising or brand fund fee is 2 percent. The franchise agreement term is 10 years. The company was founded in 1995 and is headquartered in Burnsville, MN.
Loan Activity Score
31/100
SBA Default Rate
25.0%
Active Lenders
17
According to its Franchise Disclosure Document or public business records, The Snip-Its has 20 locations, all owned by franchisees. Public SBA loan records show 17 lenders made 20 loans to franchisees of The Snip-Its. PeerSense calculates The Snip-Its's score as 31 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.
Franchising since 1995 · 20 locations
$128,975 to $360,825
$35,000
20
20 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for The Snip-Its
20
Total SBA loans
$156K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for The Snip-Its
Loan Activity Score Breakdown
Growing (10 to 24 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
25.0%
vs 10.8% peer avg
SBA Loans
20
Total Volume
$3.1M
Active Lenders
17
5 selective
States
14
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for The Snip-Its based on SBA lending data
SBA Default Rate
25.0%
14.2% above peer avg
SBA Loan Volume
20 loans
Across 17 lenders
Lender Diversity
17 lenders
Avg 1.2 loans per lender
Investment Tier
Mid range investment
$128,975 to $360,825 total
Payment Estimator
Estimated Monthly Payment
$1,335
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
The Snip-Its, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman