First Choice Haircutters
#315 Franchise 500| Family hair salons

First Choice Haircutters
Family hair salons

About
Founded

1980

Franchising Since

1980 (39 Years)

Corporate Address

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

CEO

Hugh Sawyer

Parent Company

Regis

Ticker Symbol

RGS

Financial Requirements
Initial Investment

$177,780 - $302,600

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees
Initial Franchise Fee

$39,500 - $39,500

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 #315 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 - $177,780 High - $302,600
Units
-1.2%-5 UNITS (1 Year) -6.1%-26 UNITS (3 Years)

Units (Locations)

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

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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 12th, 2019