Cost Cutters Family Hair Care
#244 Franchise 500| Family hair salons

Cost Cutters Family Hair Care
Family hair salons

About
Founded

1982

Franchising Since

1982 (38 Years)

Corporate Address

3701 Wayzata Blvd., #500
Minneapolis, MN 55416

Leadership

Hugh Sawyer, CEO

Parent Company

Regis

Ticker Symbol

RGS

Financial Requirements
Initial Investment

$148,930 - $316,700

Net-worth Requirement

$500,000

Ongoing Fees
Initial Franchise Fee

$39,500 - $39,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

4%

Financing Options

Cost Cutters Family Hair Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Veteran Incentives

$2,500 rebate on first-store franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Marketing Support

National Media

Regional Advertising

Social media

Classroom Training:

24 hours

Additional Training:

As needed

Absentee Ownership Allowed
Number of Employees Required to Run:

6 - 8

Cost Cutters Family Hair Care is ranked #244 in the Franchise 500!
Bio
In 1963, Joe Francis opened the first The Barbers Hairstyling for Men salon in Minnesota. Five years later, the salons began styling women's hair.

In 1982, Francis diversified even more, founding family salon Cost Cutters. Twelve Cost Cutters centers opened that first year, and six years later, the 300th salon opened. Today, Cost Cutters is owned by Regis Corporation, a Minneapolis-based company that also franchises a host of other hair salons, including City Looks, Supercuts, Pro-Cuts, Magicuts and First Choice Haircutters.

Cost
Initial Investment: Low - $148,930 High - $316,700
Units
+2.4%+14 UNITS (1 Year) -6.6%-43 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

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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: September 30th, 2020