Cost Cutters Family Hair Care

Family hair salons
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Franchise 500 2023
2024 Franchise 500 Rank
N/R Ranked #450 last year
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Initial investment
$150K - $309K
Units as of 2022
602 Decrease 1% over 3 years

Cost Cutters Family Hair Care is a chain of hair salons that strives to offer quality service at a low price for the whole family. Cost Cutters Family Hair Care started operations in 1982 and now has more than 600 branches throughout the United States. It is part of the Regis Corporation, which is one of the largest hair salon chains in the world.

Operating under the Cost Cutters Family Hair Care name, a salon offers quick services for busy families at convenient locations. Trained stylists ensure that the customer gets the cut they want when they want it. The customer may not need an appointment at a Cost Cutters Family Hair Care salon because the staff is prepared for walk-ins. 

Why You May Want to Start a Cost Cutters Family Hair Care Franchise

Cost Cutters Family Hair Care does more than just style hair. The salons offer a full range of coloring services. Customers are offered advice by a friendly stylist and can buy care products in-store.

Coupons and special deals draw in new customers, and salon staff encourages customers to post selfies on an Instagram account so their photos can appear in a photo gallery on the Cost Cutters Family Hair Care’s website. This is part of a strategy to build a community of customers. Cost Cutters Family Hair Care’s motto is "get more, pay less, and save time."

What Might Make a Cost Cutters Family Hair Care Franchise a Good Choice?

A potential franchisee does not need to be a qualified hairstylist. The Regis Corporation prefers that its franchisees have experience in multi-unit franchising, and therefore they should bring ambition, drive, and people skills to the business. A franchisee should be a strong, effective team leader dedicated to creating a welcoming environment for their customers. The staff style hair; you style the overall business.

Once Cost Cutters Family Hair Care has approved you as a franchisee, you will be offered access to all the experience Regis Corporation has to offer. Support includes a comprehensive training program for you and your staff. You will be given expert help in choosing a convenient location with lots of potential business. Cost Cutters Family Hair Care will also help you set up your salon to meet the standards the company sets.

How To Open a Cost Cutters Family Hair Care Franchise

To be part of the Cost Cutters Family Hair Care team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for the existence of ongoing fees that will include advertising fees and royalty fees. Franchises will also need to meet the company's set net worth and liquid capital requirements. 

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Cost Cutters Family Hair Care franchising team questions.

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Company Overview

About Cost Cutters Family Hair Care

Industry Personal-Care Businesses
Related Categories Hair Care
Founded 1982
Parent Company Regis
Leadership Matt Doctor, CEO
Corporate Address 3701 Wayzata Blvd., #500
Minneapolis, MN 55416
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 1982 (42 years)
# of employees at HQ 250
Where seeking

This company is offering new franchises throughout the US.

# of Units 602 (as of 2022)

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 Information Circle
$39,500
Initial Investment Information Circle
$150,466 - $308,558
Net Worth Requirement Information Circle
$1,000,000 - $1,200,000
Cash Requirement Information Circle
$250,000 - $350,000
Veteran Incentives Information Circle
$2,500 rebate on first-store franchise fee
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
4%
Term of Agreement Information Circle
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
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
National Media
Regional Advertising
Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 6-8
Are exclusive territories available? Information Circle
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

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022