Roosters Men's Grooming Centers

Roosters Men's Grooming Centers

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Promoted Opportunities

Roosters Men's Grooming Centers
#393

Initial Investment

LOW: $173,750
HIGH: $303,350

Change in Units

+3.9% +3 UNITS (1 Year)
+25.0% +16 UNITS (3 Years)

Company Profile

Founded

1999

Franchising Since

2002 (15 Years)

Corporate Address

7201 Metro Blvd. Minneapolis, MN 55439

CEO

Dan Hanrahan

Parent Company

Regis

Ticker Symbol

About Roosters Men's Grooming Centers

After 30 years as a barber, Joe Grondin opened the first Roosters Men's Grooming Center in Lapeer, Michigan, in 1999. Roosters franchises offer men's haircuts, shaves and other grooming services in a traditional barbershop setting. In 2011, Roosters became part of Regis Corp., which franchises multiple other hair care franchises, including Supercuts, Cost Cutters and Pro-Cuts.

Financials

Financial Requirements

Initial Investment

$173,750 - $303,350

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$29,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

1%

Financing Options

Roosters Men's Grooming Centers has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Veteran Incentives


$2,500 franchise fee rebate on first store

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 5 days

Ongoing Support
Purchasing Co-ops
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

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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: August 18th, 2016

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