#109
At a Glance
Products & Services: Family hair care
Number of Locations: 452
Total Investment: $105.5K - 161.5K
Founded: 1980
Began Franchising: 1980
Public Owned rgs
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 |
| 2011 | 0 | 192 | 0 | 260 |
| 2010 | 0 | 191 | 0 | 259 |
| 2009 | 0 | 186 | 0 | 259 |
| 2008 | 0 | 181 | 0 | 262 |
Startup Costs, Ongoing Fees and Financing
Total Investment: $105,500 - $161,500
Franchise Fee: $22,500
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $22,500
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
Operations
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..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,
Marketing Support: Co-op advertising, Ad slicks,
Franchise Ranking History
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