Cost Cutters Family Hair Care

Family hair salons

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About

Founded

1982

Franchising Since

1982 (38 Years)

Corporate Address

7201 Metro Blvd.
Minneapolis, MN 55439

CEO

Hugh Sawyer

Parent Company

Regis

Ticker Symbol

RGS

Financial Requirements

Initial Investment ⓘ

$148,930 - $316,700

Net-worth Requirement ⓘ

$500,000

Ongoing Fees

Initial Franchise Fee ⓘ

$39,500 - $39,500

Ongoing Royalty Fee

Ad Royalty Fee

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 #244 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 - $148,930 High - $316,700

Units

+2.4%+14 UNITS (1 Year) -6.6%-43 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

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