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Cost Cutters Family Hair Care

Franchise

Cost Cutters is a family-oriented hair salon offering everything from cuts to perms since 1982. There are 850+ locations across the United States. In 1963, Joe Francis opened the first The Barbers Hairstyling for Men salon in Minnesota. Five years later, the salons began styling women's hair. In 1982, Francis diversified even more, founding family salon Cost Cutters. Twelve Cost Cutters centers opened that first year, and six years later, the 300th salon opened. Today, the parent company of Cost Cutters is the Regis Corporation, which also offers U.S. franchises of SuperCuts, Pro Cuts, and City Looks.

Facts & Figures

Liquid capital required
$100,000
Net worth required
$300,000
Investment
$94,500 - $210,300
Franchise fee
$22,500
Units in operation
821

Overview

$100,000 is required in available capital if you want to become a franchisee. You need to have a total net worth of $300,000 if you want to become an owner. The minimum you would expect to invest in a Cost Cutters Family Hair Care location is $94,500. $210,300 is the most that Cost Cutters Family Hair Care expects its owners will need to invest in a new location. $22,500 is the franchise fee new franchisees pay the franchisor. There are currently 821 Cost Cutters Family Hair Care units in operation.

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