First Choice Haircutters

2015 Franchise 500
At a Glance

Products & Services: Family hair salon

Number of Locations: 445

Total Investment: $182K - $274K

Founded: 1980

Began Franchising: 1980

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 0 196 0 249
2013 0 194 0 254
2012 0 194 0 255
2011 0 192 0 260

Startup Costs, Ongoing Fees and Financing

Total Investment: $182,000 - $274,000
Franchise Fee: $29,500
Ongoing Royalty Fee: 5-7%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $150,000
85% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 6. Absentee ownership of franchise is NOT allowed..
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Accounts Receivable

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks,

Franchise Ranking History

Franchise 500®: #133 (2015), #140 (2014), #113 (2013), #109 (2012), #101 (2011),
America's Top Global: #115 (2014), #116 (2013), #91 (2012), #86 (2011),

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