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Updated RecentlyCost Cutters Family Hair Care vs Tommy Gun's Original Barbershop Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Tommy Gun's Original Barbershop 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 - $350,000 |
| Franchise Fee | $39,500 | $30,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | 4% | - |
| Year Founded | 1982 | 2009 |
| Year Franchised | 1982 | 2009 |
| 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 | 2 weeks |
| 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 |
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| US Expansion | Yes | - |
| Canada Expansion | No | Yes |
| 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 Tommy Gun's Original Barbershop
A new trend in men's personal hygiene and grooming is emerging. In addition to the renewed emphasis men are placing on their appearance, they are spending more on retail products as well. A growing percentage of men reportedly now consider that personal appearance has a direct impact on their level of personal success. As a result, the beauty industry is experiencing a new dimension, one where men are influencing change. Salons are evolving to accommodate the masculine preferences. More and more you'll see salons designed for the male consumer, where they don't have to check their masculinity at the door. It's time to recognize that men value their imagery and provide new opportunities to capture the growing demand for male grooming services.Tommy Gun's Original Barbershop is on the edge of this emerging trend, offering 5 star service in an atmosphere men will appreciate. It's classic, simple, discerning and casual.