First Choice Haircutters
#317 Franchise 500| Family hair salons

First Choice Haircutters
Family hair salons

About
Founded

1980

Franchising Since

1980 (38 Years)

Corporate Address

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

CEO

Hugh Sawyer

Parent Company

Regis

Ticker Symbol

rgs

Financial Requirements
Initial Investment

$163,880 - $302,600

Liquid Cash Requirement

$150,000

Ongoing Fees
Initial Franchise Fee

$29,500 - $49,500

Ongoing Royalty Fee

5-7%

Ad Royalty Fee

3%

Financing Options

First Choice Haircutters has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Support Options
Ongoing Support

Newsletter

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Marketing Support

Ad Templates

Regional Advertising

Social media

On-The-Job Training:

3 days

Classroom Training:

5 days

Number of Employees Required to Run:

6 - 6

First Choice Haircutters is ranked #317 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $163,880 High - $302,600
Units
-2.6%-11 UNITS (1 Year) -8.5%-38 UNITS (3 Years)

Units (Locations)

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

Franchise Articles

A Good Accountant Is Key to a Good Franchise Operation. Here's How to Find One.

Three experts share tips for getting the most out of your CPA.

How This CEO Built a Fitness Empire of More Than 150 Locations

Eric Casburi, CEO of Retro Fitness, talks about turning one gym into over 150 fitness clubs across the United States.

How This Immigrant Entrepreneur Is Helping Others Achieve the American Dream

Patrice & Associates franchisee Mercedes Concepcion-Gray works to uplift the Latina community.

This Coworking-Space Franchise Is Winning Without the WeWork-style Perks

Office Evolution might not have kombucha on tap, but it has a nationwide community of entrepreneurs who are willing to lend a helping hand.

New Year, New Career: Becoming Your Own Boss in 2019

Kumon Franchisees share stories of drastic career changes-proving that it's never too late to follow your passion.

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 12th, 2018
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.