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Franchise: Cost Cutters Family Hair Care

Initial Investment
LOW:$139,430
HIGH: $290,200
Change in Units
-2.0% -13 UNITS (1 Year)
-10.9% -80 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
Regional Media

Training at headquarters: 5 days

Additional Training: As needed

Absentee Ownership Allowed

Number of employees required to run: 6 - 8

About Cost Cutters Family Hair Care

In 1963, Joe Francis opened the first The Barbers Hairstyling for Men salon in Minnesota. Five years later, the salons began styling women's hair.

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.

Founded

1982

Franchising Since

1982 (35 Years)

Corporate Address

7201 Metro Blvd. Minneapolis, MN 55439

CEO

Hugh Sawyer

Parent Company

Regis

Ticker Symbol

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Financial Requirements

Initial Investment

$139,430 - $290,200

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$29,500 - $29,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

4%

Financing Options

Cost Cutters Family Hair Care has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Veteran Incentives


$2,500 rebate on first-store franchise fee

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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: September 19th, 2017

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