Supercuts

Supercuts

Supercuts
#3

Initial Investment

LOW: $144,400
HIGH: $293,800

Change in Units

+5.3% +136 UNITS (1 Year)
+8.8% +225 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1975

Franchising Since

1979 (37 Years)

Corporate Address

7201 Metro Blvd. Minneapolis, MN 55439

CEO

Dan Hanrahan

Parent Company

Regis

Ticker Symbol

About Supercuts

In 1975, Frank Emmett and Geoffrey Rappaport opened the first Supercuts in Albany, California, as an alternative to both high-fashion salons and neighborhood barbershops. They developed a hair-cutting technique that took only 20 minutes so that they could offer quick and inexpensive haircuts without appointments. They also allowed their customers to pick and choose which particular services they wanted, in order to tailor their experience to their desires and budgets. With this standardized business model in place, the men began franchising in 1979, and their stores soon spread throughout the U.S.

In 1996, Supercuts was acquired by Regis Corp., which also franchises City Looks, Cost Cutters Family Hair Care and Pro-Cuts in the U.S., and Magicuts and First Choice Haircutters in Canada.

Financials

Financial Requirements

Initial Investment

$144,400 - $293,800

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$29,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

5%

Financing Options

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

Veteran Incentives


$2,500 franchise fee rebate on first store

Franchise 500® Rank History

Highest Rank: 3

Lowest Rank: 40

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training at headquarters: 4 days

Additional Training: At training center

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 6 - 8

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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: June 2nd, 2016

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Previous Years Rankings

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