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Franchise: Magicuts

Initial Investment
LOW:$138,000
HIGH: $204,500
Change in Units

About Magicuts

Magicuts is a full-service salon with locations in Zellers department stores throughout Canada. Its parent, Regis Corp., also franchises City Looks, Cost Cutters Family Hair Care, First Choice Haircutters, Pro-Cuts and Supercuts.

Founded

1981

Franchising Since

1981 (36 Years)

Corporate Address

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

CEO

Hugh Sawyer

Parent Company

Magicuts Inc.

Ticker Symbol

Units (Locations)

Financial Requirements

Initial Investment

$138,000 - $204,500

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$27,500 - $27,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

$65/mo.

Financing Options

Magicuts has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

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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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