Magicuts

At a Glance

Products & Services: Hair salon

Number of Locations: 113

Total Investment: $138K - $204.5K

Founded: 1981

Began Franchising: 1981

About Magicuts

Magicuts is a full-service salon with locations in Zellers department stores throughout Canada. Its parent, Regis Corp., also franchises City Looks, Cost Cutters Family Hair Care, First Choice Haircutters, Pro-Cuts and Supercuts.

Franchise Units

Year U.S. Canadian International Company Owned
2013 0 70 0 43
2012 0 79 0 94
2011 0 91 0 130
2010 0 94 0 130

Startup Costs, Ongoing Fees and Financing

Total Investment: $138,000 - $204,500
Franchise Fee: $27,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

Franchise 500®: #440 (2013), #203 (2012), #185 (2011), #305 (2010),
America's Top Global: #160 (2012), #147 (2011),