Cost Cutters Family Hair Care Franchise

Hair salon for families


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.


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Please Note: The operators of Cost Cutters Family Hair Care, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Cost Cutters Family Hair Care website.

How much does it cost to open a Cost Cutters Family Hair Care Franchise?

The estimated investment required to open a Cost Cutters Family Hair Care Franchise is between $139,430-$290,200. There is an initial franchise fee of $29,500 which grants you the license to run a business under the Cost Cutters Family Hair Care name.

Individual Unit Costs

  • Initial Investment:
    $139,430-$290,200
  • Initial Franchise Fee:
    $29,500
  • Royalty Fee:
    6%
  • Advertising Fee:
    4%
  • Term of Agreement:
    15 years



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Cost Cutters Family Hair Care Ranks #125 On Franchise 500 List
Cost Cutters salons are dedicated to providing you and your family with convenient hair-care services by professional stylists who care about your needs. You'll find more than 700 salon locations across the United States, each offering a relaxed hair-care experience with no appointments and no hassl...

Cost Cutters Family Hair Care News & Press Releases

When did the first Cost Cutters Family Hair Care open? 1982
When did Cost Cutters Family Hair Care start Franchising? 1982
Expense In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Third Party Financing Source(s): ILC & WINR

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

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)

Business Experience:

  • General business experience
  • Marketing skills
  • Retail/service industry experience useful

  • To calculate how much income a franchise owner can do at Cost Cutters Family Hair Care Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

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    Cost Cutters Family Hair Care

    Cost Cutters Family Hair Care

    Cost Cutters Family Hair Care
    7201 Metro Blvd.
    Minneapolis, MN
    55439

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