Cost Cutters
Cherry Franchise Broker
Total investment:
$ 139,430
Franchise fee:
$ 29,500
Royalty fee:
6%
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded: 1982
Franchise since: 1982
Company owned units:
Franchise owned units: 373
Total number of units:
Number of employees per unit: 6-8
Contract period: 60 month
FRANCHISE ONLINE
WEBSITECost Cutters Family Hair Care is a full-service chain of hair salons owned by Regis Corporation, an American operator of hair salons. Cost Cutters offers a variety of services including quality men’s, women’s and children’s haircuts, full color, waxing, tanning, deep conditioning treatments and so much more. The salon was founded in 1982 and is based in Minneapolis, Minnesota.
It also provides franchise opportunities. As of 2018, Cost Cutters operates 373 franchises in the United States.
On-The-Job Training: 3 days
Classroom Training: 5 days
Additional Training: As needed
Net-worth Requirement: $500,000
Liquid Cash Requirement: $150,000 Ad Royalty Fee: 4%
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