| ||||
Updated RecentlyCost Cutters Family Hair Care vs Diesel Barbershop Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Diesel Barbershop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $148,930 - $316,700 | $253,000 - $366,000 |
| Franchise Fee | $39,500 | $50,000 |
| Royalty Fee | 6% | 7.5% |
| Advertising Fee | 4% | 1% |
| Year Founded | 1982 | 2017 |
| Year Franchised | 1982 | 2017 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| 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 |
||
| Training | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed | New Franchisee classroom training On-site training - Diesel Opening Team comes to franchisee's location Online training solutions Annual convention training programs |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | Ongoing support from Diesel corporate Corporate support team shop visits & reviews |
| 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 |
||
| US Expansion | Yes | 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.