First Choice Haircutters

First Choice Haircutters

#133

Initial Investment

LOW: $182,000
HIGH: $274,000

Change in Units

-4.0% -17 UNITS (1 Year)
-4.7% -20 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1980

Franchising Since

1980 (36 Years)

Corporate Address

6465 Millcreek Dr., #210 Mississauga, ON L5N 5R6

CEO

Dan Hanrahan

Parent Company

Regis

Ticker Symbol

About First Choice Haircutters

In 1980, A. Bud Cowan started First Choice Haircutters as a low-priced hair salon for the entire family, offering a "no appointment necessary" concept for on-the-go customers. Two years later, the company started franchising the concept. First Choice Haircutters is now owned by Regis Corp., which also franchises City Looks, Cost Cutters Family Hair Care, Pro-Cuts, Magicuts and Supercuts.

Financials

Financial Requirements

Initial Investment

$182,000 - $274,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$29,500

Ongoing Royalty Fee

5-7%

Ad Royalty Fee

3%

Financing Options

First Choice Haircutters has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Franchise 500® Rank History

Highest Rank: 101

Lowest Rank: 198

* Not all years were ranked

Units (Locations)

Operations & Franchisor Support

Training at headquarters: 5 days

Ongoing Support
Meetings
Toll-Free Line
Grand Opening
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks

Number of employees required to run: 6 - 6

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 6th, 2015

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