Cost Cutters Family Hair Care Franchise

Hair salon for families

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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 owns a host of other hair salons, including City Looks, Regis Salons, Supercuts and We Care Hair. Veteran Incentives  $2,500 rebate on first-store franchise fee#244 in Franchise 500 for 2020.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Cost Cutters Family Hair Care, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Cost Cutters Family Hair Care website.

How much does it cost to open a Cost Cutters Family Hair Care Franchise ?

The investment required to open a Cost Cutters Family Hair Care Franchise is between $148,930 - $316,700 . There is an initial franchise fee of $39,500 which grants you the license to run a business under the Cost Cutters Family Hair Care name.

Individual Franchise Costs

  • Initial Investment:
    $148,930 -
  • Initial Franchise Fee:
    $39,500
  • Royalty Fee:
    6%
  • Advertising Fee:
    4%
  • Term of Agreement:
    15 years

Expense In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Third Party Financing Source(s):
ILC & WINR

Training
On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed

Support
Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform

Marketing
Co-op Advertising Ad Templates Regional Advertising Social media SEO

Cost Cutters Family Hair Care Growth History

When did the first Cost Cutters Family Hair Care open? 1982
When did Cost Cutters Family Hair Care start Franchising ? 1982

Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators)

General business experience Marketing skills Retail/service industry experience useful

Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming



How much does a Cost Cutters Family Hair Care Franchise owner make?

How much money you could make as a Cost Cutters Family Hair Care Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Cost Cutters Family Hair Care Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$39,500 - $316,700
Initial Franchise Fee
$39,500
Royalty Fee
6%
Advertising Fee
4%
Term of Agreement
15 years

Sister Companies

Cost Cutters Family Hair Care Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Cost Cutters Family Hair Care and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Cost Cutters Family Hair Care franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.