Cost Cutters Family Hair Care vs Sola Salon Studios Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Sola Salon Studios 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
Sola Salon Studios Franchise
Investment $148,930 - $316,700$531,150 - $1,714,370
Franchise Fee $39,500$55,000
Royalty Fee 6%5.5%
Advertising Fee 4%2%
Year Founded 19822003
Year Franchised 19822005
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee --


Business Experience Requirements
 
Cost Cutters Family Hair Care Franchise
Sola Salon Studios Franchise
Experience
  • General business experience
  • Marketing skills
  • Retail/service industry experience useful
    		• -

    Financing Options
     
    Cost Cutters Family Hair Care Franchise
    Sola Salon Studios 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
    Sola Salon Studios 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
    Sola Salon Studios Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion 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 Sola Salon Studios

    The totally unique approach of Sola Salon Studios is that we provide high impact, modern, and upscale rental space in a "salon mall" concept that allows salon professionals the opportunity to have their own business and make more money without the risks and challenges of owning a conventional salon....all for the same rate as a chair rental, and often less.
    License individual turn-key salon studios to independent salon professionals under the trade name “Sola Salon Studios” using their unique system of build-out.

    "Entrepreneur

    #75 in Franchise 500 for 2020.
    #26 in Franchise 500 for 2021.