Magicuts
Hair salon
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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

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Check out the top franchises that can be started for less than $100,000, ranked based on scores they received in Entrepreneur's 2019 Franchise 500 ranking.

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