#104
At a Glance
Products & Services: Family hair salon
Number of Locations: 784
Total Investment: $88.5K - 180.1K
Founded: 1982
Began Franchising: 1982
Public Owned rgs
About Cost Cutters Family Hair Care
In 1963, Joe Francis opened the first The Barbers Hairstyling for Men salon in Minnesota. Five years later, the salons began styling women's hair.In 1982, Francis diversified even more, founding family salon Cost Cutters. Twelve Cost Cutters centers opened that first year, and six years later, the 300th salon opened. Today, Cost Cutters is owned by Regis Corporation, a Minneapolis-based company that also franchises a host of other hair salons, including City Looks, Supercuts, Pro-Cuts, Magicuts and First Choice Haircutters.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 429 | 0 | 0 | 355 |
| 2010 | 447 | 0 | 0 | 364 |
| 2009 | 477 | 0 | 0 | 367 |
| 2008 | 489 | 0 | 0 | 368 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $88,500 - $180,100
Franchise Fee: $27,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $27,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
Operations
65% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 8. Absentee ownership of franchise is allowed. (24% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 4 days. At franchisee's location: 5 days. As needed
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations,
Marketing Support: Ad slicks, Regional advertising,
Franchise Ranking History
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