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Cost Cutters
COST CUTTERS FAMILY HAIR CARE is a value-priced, family hair salon chain offering its customers high-quality hair care services and professional products.
Franchisor Background
Year Established:
1963
Franchising Since:
1982
IFA Member
CFA Member
Operating Units:
Franchised Units:
480
56.5%
Company-Owned Units:
370
43.5%
______
_____
Total Operating Units:
850
100%
Geographic Distribution:
U.S.:
850
100%
In 45 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
850
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Wisconsin
150
2. Colorado
102
3. Minnesota
69
Registered in Following Registration States:
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment:
Minimum Net Worth:
$300K/100K Liq
Cash Investment:
$
Total Investment:
$88.5-210.3K
Average Total Investment:
$150K
Fees:
Initial Franchise Fee:
$22.5K; 12,500 after 1st
Average Franchise Fee:
$22K
On-Going Royalty:
4% Yr.1/6% succ. Yrs.
Average Royalty:
6%
Advertising Fee:
4%
Average Number of Employees:
6 Full-time, 3 Part-time
Space Needs (in square footage):
900-1,200
Preferred Sites:
Strip Center
Other Sites:
Encourage Conversions?
Yes
Earnings Claims Provided?
Yes
Listed in the SBA Registry?
No
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
Yes
Franchisee Association/Member:
No
Size of Corporate Staff:
900
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
Yes, Direct
Marketing Support:
Co-Op Advertising:
No
National Advertising:
No
Regional Advertising:
No
Local Advertising:
No
Marketing Materials:
Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
