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Magicuts
We are a contemporary, full service salon with the added convenience of walk-in service. At Magicuts, our clients receive high-end style without the high-end cost. Conveniently located within Zellers department stores and suburban shopping centres across Canada, Magicuts markets to adults, 25 to 54, as well as families with children. The fusion of innovative service and quality with affordable pricing has made Magicuts a highly recognized and profitable brand for 25 years.
Franchisor Background
Year Established:
1982
Franchising Since:
1982
IFA Member
CFA Member
Operating Units:
Franchised Units:
91
62.8%
Company-Owned Units:
54
37.2%
______
_____
Total Operating Units:
145
100%
Geographic Distribution:
U.S.:
0
0%
In 0 States
Canada:
145
100%
In 9 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
145
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Ontario
82
2. British Columbia
24
Registered in Following Registration States:
Financial Requirements
Investment:
Minimum Net Worth:
$300K + 100K Liquid Assets
Cash Investment:
$95.5K-165.5K
Total Investment:
$111.3-169.3K
Average Total Investment:
$140K
Fees:
Initial Franchise Fee:
$22.5K
Average Franchise Fee:
$22K
On-Going Royalty:
6%
Average Royalty:
6%
Advertising Fee:
3%
Average Number of Employees:
5-7 Full-time, 2-4 Part-time
Space Needs (in square footage):
800-1,000
Preferred Sites:
Strip Center
Other Sites:
Encourage Conversions?
Yes
Earnings Claims Provided?
No
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:
20
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
Yes, Indirect
Marketing Support:
Co-Op Advertising:
Yes
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
