
Cost Cutters Family Hair Care
Family hair salons- Units as of 2021
-
676 (3 years)9.4%
- 2021 Franchise 500 Rank
-
#131 Ranked #244 last year113
- Initial investment
-
$149K - $317K
Company Overview
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.
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About Cost Cutters Family Hair Care
- Industry
- Personal-Care Businesses
- Related Categories
- Hair Care, Personal-Care Businesses,
- Founded
- 1982
- Parent Company
- Regis
- Leadership
- Hugh Sawyer, CEO
- Ticker Symbol
- RGS
Franchising Overview
- Franchising Since
- 1982 (39 years)
- # of employees at HQ
- 340
- Where seeking
- Franchisor is seeking new franchise units throughout the U.S.
- # of Units
- 676
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Cost Cutters Family Hair Care franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $39,500 - $39,500
- Initial Investment
- $148,930 - $316,700
- Net Worth Requirement
- $500,000
- Royalty Fee
- 6%
- Ad Royalty Fee
- 4%
- Term of Agreement
- 15 years
- Is franchise term renewable?
- Yes
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Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Cost Cutters Family Hair Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 24 hours
- Additional Training
- As needed
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
-
National MediaRegional AdvertisingSocial Media
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 6
- Are exclusive territories available?
- No
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Franchise 500 Ranking History
Compare where Cost Cutters Family Hair Care landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Cost Cutters Family Hair Care ranked on other franchise lists? Find out below.
In Franchise 500 Ranking
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