First Choice Haircutters

First Choice Haircutters

Family hair salons
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2021 Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$178K - $303K
Units as of 2020
362 11.1% over 3 years

Company Overview

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.

About First Choice Haircutters

Related Categories
Hair Care
Founded
1980
Parent Company
Regis
Leadership
Hugh Sawyer, CEO
Ticker Symbol
RGS

Franchising Overview

Franchising Since
1980 (41 years)
# of employees at HQ
340
Where seeking

This company is seeking new franchisees in the following international regions: Canada

# of Units
362 (as of 2020)

Franchisor Information

Corporate Address
2233 Argentia Rd., #302, East Tower
Mississauga, ON L5N 2X7

Information for Franchisees

Here’s what you need to know if you’re interested in opening a First Choice Haircutters 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
$39,500
Initial Investment
$177,780 - $302,600
Net Worth Requirement
$500,000
Cash Requirement
$150,000
Royalty Fee
5-7%
Ad Royalty Fee
3%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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
First Choice Haircutters 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
Newsletter
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Marketing Support
Ad Templates
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?
No
Can this franchise be run part time?
No
# of employees required to run
6
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where First Choice Haircutters landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where First Choice Haircutters ranked on other franchise lists? Find out below.

Ranked #132

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021