Cost Cutters Family Hair Care vs Glamour Secrets/Trade Secrets Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Glamour Secrets/Trade Secrets 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
Glamour Secrets/Trade Secrets Franchise
Investment $148,930 - $316,700$200,000 - $350,000
Franchise Fee $39,500$25,000
Royalty Fee 6%6%
Advertising Fee 4%-
Year Founded 19822001
Year Franchised 19822003
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee --


Business Experience Requirements

 
Cost Cutters Family Hair Care Franchise
Glamour Secrets/Trade Secrets Franchise
Experience
  • General business experience
  • Marketing skills
  • Retail/service industry experience useful
  • -

    Financing Options

     
    Cost Cutters Family Hair Care Franchise
    Glamour Secrets/Trade Secrets Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Cost Cutters Family Hair Care Franchise
    Glamour Secrets/Trade Secrets 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-
    Marketing 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)

    -

    Expansion Plans

     
    Cost Cutters Family Hair Care Franchise
    Glamour Secrets/Trade Secrets Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoNo

    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 Glamour Secrets/Trade Secrets

    Glamour Secrets is Canada's pioneer one stop beauty shop with a full service salon and over 4,000 high quality Salon products for sale under one roof. The beauty industry is booming. Glamour Secrets is positioning itself for explosive growth with this recession proof industry. With over 65 locations with its parent company Trade Secrets , Glamour Secrets is looking for franchisees in ON and QC to join its success story.