Cost Cutters Family Hair Care vs SportClips Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs SportClips 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	SportClips Franchise
Investment	$148,930 - $316,700	$233,800 - $388,300
Franchise Fee	$39,500	$25,000 - $59,500
Royalty Fee	6%	6%
Advertising Fee	4%	5%
Year Founded	1982	1993
Year Franchised	1982	1995
Term Of Agreement	15 years	5 years
Term Of Agreement	15 years	5 years
Renewal Fee	-	$3.5K
Business Experience Requirements
	Cost Cutters Family Hair Care Franchise	SportClips Franchise
Experience	General business experience Marketing skills Retail/service industry experience useful	General business experience Marketing skills People skills
Financing Options
	Cost Cutters Family Hair Care Franchise	SportClips Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/No	No/No
Start-up Costs	No/Yes	No/Yes
Equipment	No/Yes	No/Yes
Inventory	No/Yes	No/Yes
Receivables	No/No	No/No
Payroll	No/No	No/No
Training & Support
	Cost Cutters Family Hair Care Franchise	SportClips Franchise
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	Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing	Co-op Advertising Ad Templates Regional Advertising Social media SEO	Co-op advertising, Ad slicks
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)	Franchisees required to buy multiple units/master licenses; 98% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 12 Absentee ownership of franchise is allowed. (32% of current franchisees are owner/operators)
Expansion Plans
	Cost Cutters Family Hair Care Franchise	SportClips Franchise
US Expansion	Yes	Yes
Canada Expansion	No	No
International Expansion	No	No

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 SportClips

Gordon Logan, founder and CEO of Sport Clips, conceived the Sport Clips idea in 1993 and opened its first franchised store in Houston two years later. Designed to target a previously underserved market, Sport Clips caters to men and boys by providing hassle-free hairstyling in a sports-themed environment. The company began franchising in 1995.

Do You have What It Takes?

You have strong leadership, managerial and communication skills
You enjoy developing Team Members and being involved in the community
You can effectively market your business and drive sales
You have a passion for the Sport Clips culture
Our Team Leaders come from different industries - no hair care experience necessary!

Veteran Incentives: 20% off franchise fee

#4 in Gator's Top franchises.

#37 in Franchise 500 for 2020.

#17 in Franchise 500 for 2021.

Cost Cutters Family Hair Care vs SportClips Franchise Comparison

Start-Up Costs and Fees

Business Experience Requirements

Financing Options