Cost Cutters Family Hair Care
#385 Franchise 500| Family hair salons

Cost Cutters Family Hair Care
Family hair salons

About
Founded

1982

Franchising Since

1982 (36 Years)

Corporate Address

7201 Metro Blvd.
Minneapolis, MN 55439

CEO

Hugh Sawyer

Parent Company

Regis

Ticker Symbol

rgs

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: 
franchise fee, startup costs, equipment, inventory

Veteran Incentives

$2,500 rebate on first-store franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Marketing Support

National Media

Regional Advertising

Social media

On-The-Job Training:

3 days

Classroom Training:

5 days

Additional Training:

As needed

Absentee Ownership Allowed
Number of Employees Required to Run:

6 - 8

Cost Cutters Family Hair Care is ranked #385 in the Franchise 500!
Bio
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.

Cost
Initial Investment: Low - $139,430 High - $290,200
Units
-5.1%-33 UNITS (1 Year) -12.2%-86 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

5 Steps of the New Model of Revenue Recognition for Franchisors

The new rules around revenue recognition are lengthy and complex. Here's what you need to know.

Here's How You Can Avoid Being a Victim of Franchise Fraud

It is important for prospective franchisees to take adequate steps to protect themselves to avoid being a victim of a fraud

The Top 5 Business Service Franchises From the Franchise 500

Open a franchise and help others with their businesses, too.

These Roommates Changed Their Lives for a Sandwich -- and Built a Franchise Empire

Ashley Morris and Jason Smylie have known each other since they were eight years old. Here's how they maintain a healthy work relationship today.

Want to Buy a Franchise? Here's Your Step By Step Guide

Franchising is one of the safest ways of becoming a business owner

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 12th, 2018
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.