Targeted Market: Philadelphia

Sport Clips Haircuts’ strategic and discerning development team has identified Philadelphia as a market ripe with opportunities for brand expansion. Ranked as one of the largest metropolitan areas in the nation, it’s known for its fast-paced innovation and collaborative support network of small businesses. With strong communities and a thriving economy, the area lives by The Keystone State’s motto of “Work smart. Live happy.”

Real Estate Director, Joel Reichman, is excited to get the right team leaders into this dynamic market. “Landlords are constantly calling me asking if I have a Sport Clips team leader for them,” he says. “I have to keep telling them not yet…soon!  They are eager to work with the brand because the stores bring value and drive quality traffic to their centers.”

Sport Clips’ family-friendly sports concept is a good fit for the city. Philadelphia has a proud sports tradition with professional teams in all four major sports, as well as competitive college teams. And there is a large and loyal fan base for them all. Brand recognition is already high, as a foothold in the market has already been established with about a dozen stores spreading brand awareness by providing championship experiences.

Reichman comments, “The market has the potential to support many more stores than there are currently. This is a great opportunity for the right enterprising individual to really make their mark in this market.”

An economic and cultural anchor for the area, Philadelphia is a great place to do business. The rich history drives tourism.  There are top-ranked health and higher education institutions. The job market is thriving, and household incomes are strong. With an abundance of affordable real estate, the housing market is healthy.

 “We have a phenomenal real estate broker working with that market. Jim Creed is the real deal and works diligently to find the most optimal sites for new stores. He is a real asset to this network,” says Reichman.

Philadelphia is a great match with Sport Clips’ proven business model. The brand’s development team has done careful market calculation and sees substantial opportunity here. Sport Clips is looking for the right entrepreneur to take advantage of the potential this market represents. If you think that could be you, let’s talk.

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