First Choice Haircutters
#315 Franchise 500| Family hair salons

First Choice Haircutters
Family hair salons

About
Founded

1980

Franchising Since

1980 (39 Years)

Corporate Address

6465 Millcreek Dr., #210
Mississauga, ON L5N 5R6

CEO

Hugh Sawyer

Parent Company

Regis

Ticker Symbol

RGS

Financial Requirements
Initial Investment

$177,780 - $302,600

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees
Initial Franchise Fee

$39,500 - $39,500

Ongoing Royalty Fee

5-7%

Ad Royalty Fee

3%

Financing Options

First Choice Haircutters has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Support Options
Ongoing Support

Newsletter

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Marketing Support

Ad Templates

Regional Advertising

Social media

On-The-Job Training:

3 days

Classroom Training:

5 days

Number of Employees Required to Run:

6 - 6

First Choice Haircutters is ranked #315 in the Franchise 500!
Bio
In 1980, A. Bud Cowan started First Choice Haircutters as a low-priced hair salon for the entire family, offering a "no appointment necessary" concept for on-the-go customers. Two years later, the company started franchising the concept. First Choice Haircutters is now owned by Regis Corp., which also franchises City Looks, Cost Cutters Family Hair Care, Pro-Cuts, Magicuts and Supercuts.
Cost
Initial Investment: Low - $177,780 High - $302,600
Units
-1.2%-5 UNITS (1 Year) -6.1%-26 UNITS (3 Years)

Units (Locations)

Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

Why Franchises Are Funding Their Employees' Education

Here's a hint: It's really good for business.

The Hottest Franchise Categories of 2020

Get to know 347 franchises in trend-topping industries that will continue to boom next year (and likely beyond).

5 Things You Need to Know Before Investing in a Chick-fil-A Franchise

First of all, you shouldn't think of getting a Chick-fil-A franchise as "investing."

How This Military Spouse and Former Teacher Became a Successful Travel Agency Franchisee

An inside look at one person's journey following her passion and becoming a business owner.

Why Franchisees Should Stay Away From Brands With Stubborn Policies

Nijhawan Group has been a leading retail player with tie-ups with brands like Adidas, Benetton, Nautica and Levi's. The company consolidated its retail business to make the business sustainable.

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, 2019