Cost Cutters Family Hair Care vs First Choice Haircutters Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs First Choice Haircutters including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Cost Cutters Family Hair Care Franchise
First Choice Haircutters Franchise
Investment $148,930 - $316,700$163,880 - $302,600
Franchise Fee $39,500$29,500 - $49,500
Royalty Fee 6%5% - 7%
Advertising Fee 4%3%
Year Founded 19821980
Year Franchised 19821982
Term Of Agreement 15 years10 years
Term Of Agreement 15 years10 years
Renewal Fee -To $3K


Business Experience Requirements
 
Cost Cutters Family Hair Care Franchise
First Choice Haircutters Franchise
Experience
  • General business experience
  • Marketing skills
  • Retail/service industry experience useful

  • General business experience
  • Customer-service oriented, management skills
    		•

    Financing Options
     
    Cost Cutters Family Hair Care Franchise
    First Choice Haircutters Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Cost Cutters Family Hair Care Franchise
    First Choice Haircutters Franchise
    Training On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed Classroom Training: 5 days
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet PlatformPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection
    Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Co-op Advertising Ad Templates Regional Advertising Social media SEO
    Operations 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)

    		 63% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Cost Cutters Family Hair Care Franchise
    First Choice Haircutters Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About Cost Cutters Family Hair Care

    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.

    About First Choice Haircutters

    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. With over 300 locations in Canada and the United States, First Choice Haircutters offers affordable, professional hair care in bright, contemporary salons.

    "Top

    #102 in Canada's Top franchises.