Magicuts
Hair salon
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Magicuts
Hair salon

About
Founded

1981

Franchising Since

1981 (38 Years)

Corporate Address

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

CEO

Hugh Sawyer

Parent Company

Magicuts Inc.

Ticker Symbol

rgs

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

Bio
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.
Cost
Initial Investment: Low - $138,000 High - $204,500
Units

Units (Locations)

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

Franchise Articles

Dozens of Workers Have Filed Sexual Harassment Lawsuits Against McDonald's

Roughly 40 percent of women working in the fast-food industry report being sexually harassed at work.

The Top Food Franchises of 2019

Food dominates the franchise world. Here, we rank the strongest brands in 14 tasty categories.

Do You Have the 5 Characteristics of a Successful Franchisee?

Most successful franchisees know there's no such thing as being an absentee owner. Investing in a manager-run business can help them manage their time and their investment.

Why Entrepreneurs Should Believe They Are Unstoppable

Josh York, CEO of Gymguyz, talks about his rise from being a broke 20-something to franchising 265 gyms nationwide.

7 Tips for Network Marketing Success

A direct-selling expert shares what it takes to start out and make it in this industry.

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