Cost Cutters Family Hair Care

Cost Cutters Family Hair Care

Cost Cutters Family Hair Care
#121

Initial Investment

LOW: $139,550
HIGH: $287,100

Change in Units

-6.0% -40 UNITS (1 Year)
-10.1% -67 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1982

Franchising Since

1982 (34 Years)

Corporate Address

7201 Metro Blvd. Minneapolis, MN 55439

CEO

Dan Hanrahan

Parent Company

Regis

Ticker Symbol

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.

Financials

Financial Requirements

Initial Investment

$139,550 - $287,100

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$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

Veteran Incentives


$2,500 franchise fee rebate on first store

Franchise 500® Rank History

Highest Rank: 71

Lowest Rank: 198

Units (Locations)

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

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 5 days

Additional Training: As needed

Ongoing Support
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 6 - 8

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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: June 2nd, 2016

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