Cost Cutters Family Hair Care
Yes, we actively support the inclusion and development of minority-owned franchises in the Cost Cutters Family Hair Care system.
Cost Cutters Family Hair Care
7201 Metro Blvd.
Minneapolis, MN 55439-2130
800#: (888) 888-7008
Tel:
Fax: (952) 995-3406
E-mail: franchise.mail@regiscorp.com
Web Site: www.regisfranchise.com
Contact: Ms. Stephanie Theis, Development Coordinator
For more than 20 years, we have perfected the lucrative value-salon sector - making COST CUTTERS an extremely strong brand and a household name. This successful concept responds to a universal desire: to get more, pay less and save time. Customers appreciate the fact that COST CUTTERS employs trained stylists who provide current hairstyles at an affordable price - without the need for an appointment.
Franchisor Background
Established: 1982
First Franchise: 1982
Franchise Units: 611
Company-Owned Units: 259
Total Units: 870
Distribution:
> North America -- Operations in 37 States
> States/Provinces with Greatest Density: 147 in WI, 101 in CO, 71 MN
Units Owned by Minorities:
>African-American: 1%
>Hispanic: 1%
>Asian-American: 7%
>Native American: 0%
>Other:
Average Number of Employees: 5 FT, 4PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $30-35K
Total Investment: $83.3-159.6K
Average Total Investment: $121K
Minimum Net Worth: $300K/100K Liq
Fees
>Franchise: $22.5K
>Average Franchise Fee: $22K
>Royalty: 4% Yr.1/6%
>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
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes
Size Of Corporate Staff: 900
On-Going Support: C,D,E,G,H (for an explanation click here)
Training: 4-5 Days Minneapolis, MN.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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