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Updated RecentlyCost Cutters Family Hair Care vs Spasation Salons and Day Spas Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Spasation Salons and Day Spas including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $148,930 - $316,700 | $250,000 - $500,000 |
| Franchise Fee | $39,500 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | 4% | - |
| Year Founded | 1982 | 1997 |
| Year Franchised | 1982 | 2007 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 | We help you find a prime location, and secure the financing you need. We will be there all the way, and will design your location with both style and distinction. We supply you with all the necessary furniture, equipment and full inventory of both professional and retail products. When the store is ready to open we provide you with an aggressive marketing campaign, to reach out and achieve awareness in your area. You receive head office call center support for all your client appointment bookings, and are supported by our unsurpassed membership loyalty program. We go all the way for you at Spasation, and continue with full training, and marketing support every year. |
| 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 |
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| US Expansion | Yes | - |
| 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 Spasation Salons and Day Spas
Spasation Salons and Spas are proud to be serving Edmonton Alberta with six locations. We offer the finest skin and haircare products, innovative services, and professional consultants. Spasation prides itself upon offering our guests a place of profound rest and deeply felt rejuvenation, and an unforgettable experience for the mind, body, and soul. Spasation continues to grow and we have expanded into medical spa treatments. We are looking for individuals with a passion for the 'Cosmetology Industry', and who have previous success in business and life endeavors. We need people with the ability to make good business decisions and effectively lead a team to provide customer service excellence. Spasation will provide the training and tools that you need to launch your business and will provide ongoing operational and marketing support. We will be with you all the way, guiding you on your road to success.