Cost Cutters Family Hair Care
Cost Cutters Family Hair Care
7201 Metro Blvd.
Minneapolis, MN 55439-2130
800#: (888) 888-7008
Tel:
Fax: (952) 995-3406
E-Mail: [email protected]
Web Site: www.regisfranchise.com
Contact: Ms. Stephanie Theis, Development Coordinator
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
Established: 1982
First Franchise: 1982
Franchise Units: 611
Company-Owned Units: 259
Total Units: 870
Distribution:
U.S. -- 870;
Canada -- 0;
International -- 0
-North America -- Operations in 37 States
-States/Provinces with Greatest Density: 147 in WI, 101 in CO, 71 MN
Projected New Units Over Next 12 months: 100
Franchisee Qualifications: 5, 5, 1, 4, 2, 5
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 5 FT, 4PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $30-35K
Total Investment: $83.3-159.6K
Average Total Investment: $121.5K
Minimum Net Worth: $300K/100K Liq
Fees:
-Franchise: $22.5K
-Average Franchise Fee: $22.5K
-Royalty: 4% Yr.1/6%
-Average Royalty: 4.0%
-Advertising: 4%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15/15
Passive Ownership: Allowed
Area Development Agreements: Yes/3
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes
Size Of Corporate Staff: 900
On-Going Support: C,D,E,G,H (Click here for an explanation)
Training: 4-5 Days Minneapolis, MN.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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