Cost Cutters Family Hair Care vs Ideal Image Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Ideal Image 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
Ideal Image Franchise
Investment $148,930 - $316,700$551,300 - $903,400
Franchise Fee $39,500$25,000 - $35,000
Royalty Fee 6%9%
Advertising Fee 4%-
Year Founded 19822001
Year Franchised 19822004
Term Of Agreement 15 years10 years
Term Of Agreement 15 years10 years
Renewal Fee -$10000 or 25% of current fee


Business Experience Requirements

 
Cost Cutters Family Hair Care Franchise
Ideal Image Franchise
Experience
  • General business experience
  • Marketing skills
  • Retail/service industry experience useful
  • -

    Financing Options

     
    Cost Cutters Family Hair Care Franchise
    Ideal Image Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Cost Cutters Family Hair Care Franchise
    Ideal Image 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
    Ideal Image 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 Ideal Image

    NO LONGER FRANCHISING