Irving-based Knockouts sells franchise rights for Houston area locations

by PegNews wire

Irving, Texas-based Knockouts Haircuts for Men has sold the franchise rights for 33 stores in the greater Houston-area to an investor group led by Scott Davis and Scott Rogaliner, both of Dallas. The deal is the largest to date for the boxing-themed hair salon that caters exclusive to men and pushes Knockouts past the 100-stores-sold milestone. Terms of the deal were not disclosed.

“Knockouts is one of the fastest-growing franchise concepts in America. Surpassing 100 stores sold puts us among the top 20% of all franchises nationwide,” said Tom Friday, Knockouts’ chief executive officer. “Since the beginning of 2007, our company has doubled in size.”

Knockouts has sold 110 franchises in five states, including Texas, Georgia, Missouri, Colorado and Arizona. The chain of men-only hair salons currently has stores open in Addison, Arlington, Lewisville and Southlake, Texas; Denver, Colorado; Atlanta, Georgia; and St. Louis, Missouri. Within the next 60 days, the company will open three additional locations – Las Colinas/Irving, Texas, Fort Worth, Texas and Phoenix, Arizona. The Houston-area stores are expected to open in November 2007.

The full-service, boxing-themed salon provides competitively-priced haircuts and is known for its specially-chosen staff of attractive female hairstylists wearing Knockouts Girls™ boxing uniforms. The salons also specialize in color/lightening, massage therapy, manicures, pedicures and hair waxing.

Knockouts offers a pampering experience for men that is not available at discount walk-in salons, such as providing large leather chairs, individual flat screen TV’s with remote controls at each station and complimentary beer. The environment is upscale, yet casual and fun, as the stylists cut hair inside two boxing rings.

“Of the franchises that we researched prior to investing, Knockouts has one of the strongest business models with the most potential for growth – not just in Houston, but nationwide,” said Scott Davis. “They have strategically segmented the market to target men and to create the perfect concept for full-service grooming for men with a goal to provide them with both an exceptional and affordable grooming experience.”

Source: Knockouts