Cost Cutters Family Hair Care vs Fantastic Sams Hair Salons Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Fantastic Sams Hair Salons 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	Fantastic Sams Hair Salons Franchise
Investment	$148,930 - $316,700	$215,000 - $479,000
Franchise Fee	$39,500	$30,000
Royalty Fee	6%	$362+/wk.
Advertising Fee	4%	$142/week
Year Founded	1982	1974
Year Franchised	1982	1976
Term Of Agreement	15 years	10 years
Term Of Agreement	15 years	10 years
Renewal Fee	-	Varies
Business Experience Requirements
	Cost Cutters Family Hair Care Franchise	Fantastic Sams Hair Salons Franchise
Experience	General business experience Marketing skills Retail/service industry experience useful	General business experience
Financing Options
	Cost Cutters Family Hair Care Franchise	Fantastic Sams Hair Salons 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/Yes
Payroll	No/No	No/Yes
Training & Support
	Cost Cutters Family Hair Care Franchise	Fantastic Sams Hair Salons Franchise
Training	On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed	Available in MA: 1 week Salon Fundamentals At regional office: ongoing On-The-Job Training: ongoing Classroom Training: 32 hours
Support	Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform	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	Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
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)	50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8
Expansion Plans
	Cost Cutters Family Hair Care Franchise	Fantastic Sams Hair Salons Franchise
US Expansion	Yes	Yes
Canada Expansion	No	Yes
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 Fantastic Sams Hair Salons

Join a Franchise that:
 * Is Recession Resistant
 * Is A Leader in its Category
 * Does not require previous experience
 * Has a low investment
 * Offers Single & Multi-Unit Development Opportunities
Owning a Fantastic Sams Hair Salon franchise is a great investment because:
 * The hair care business is large, growing, recession resistant and immune to technology or other competitive forces. Hair is always growing and the demand for more services and personal attention by today's consumer creates a great opportunity for the right hair salon business model. The American Salon's Green Book, the bible of the salon business, cites numerous hair care business trends that greatly favor the Fantastic Sams hair salon franchise model
 * As a leading hair salon franchise, Fantastic Sams Hair Salon has been featured in some of the top industry and business publications
o Entrepreneur Magazine
 o Franchise 500 - #1 Full Service Hair Salon Franchise; #50 overall
 o Franchise Times - #54 of Top 200 Franchises
 o Black Enterprise - Top Franchises for African Americans
 o Poder Enterprise Magazine - Top Franchises for Hispanics
 o USA Today - Top Franchises for Minorities
* You don't need to have any previous experience in the Hair Salon Business. Whether you are interested in developing single or multiple salons, as an owner of a Fantastic Sams Hair Salon Franchise, each day you'll work on your business, not in your business. Using your skills in marketing, employee relations, and business management, you dictate the success of your salon or salons.
 * In the hair care business, Fantastic Sams Hair Salon fills a large niche that no one else is exploiting - the full-service salon at reasonable prices. And with a low initial investment, owning a  Fantastic Sams Hair Salon Franchise is a great business decision.

Veteran Incentives  25% off franchise fee