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Home >> Beauty-Related >> Hair Care
| Magicuts 6465 Millcreek Dr., # 210 Mississauga, ON, L5N 5R6 Canada |
Submit an online form to receive information from Magicuts.
|
Business Description
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: 1981
Franchising Since: 1982
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States:
Financial Requirements
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
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: 1981
Franchising Since: 1982
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 116 | 53.7% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 100 | 46.3% | |||||||||||||||||||||||||||||
Total Operating Units: | 216 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. British Columbia | 24 |
| 2. Ontario | 82 |
Registered in Following Registration States:
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $300K + 100K Liquid Assets |
| Cash Investment: | $46.5K |
| Total Investment: | $95.5-165.5K |
| Average Total Investment: | $120K |
| Fees: | |
| Initial Franchise Fee: | $22.5K |
| Average Franchise Fee: | $22K |
| On-Going Royalty: | 6% |
| Average Royalty: | 6% |
| Advertising Fee: | 3% |
Space Needs (in square footage): 800-1,000
Preferred Sites: Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 5 | ||||||||
| General Business Experience: | 5 | ||||||||
| Specific Industry Experience: | 1 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 4 | ||||||||
| Personal Interview(s): | 5 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 10 Year(s) | ||||||||
| Term of Renewal Period: | 5/5 Year(s) | ||||||||
| Passive Ownership: | Not Allowed | ||||||||
| Area Development Agreements? | Yes, for 1 Year(s) | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| 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 | ||||||||
| Additional Services: | Grand Opening, In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Not Applicable | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Not Applicable | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. On-Site | |||||||||
| 2. Classroom | 1 Week | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Magicuts.
|
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