Cost Cutters Family Hair Care
Cost Cutters Family Hair Care
7201 Metro Blvd.
Edina, MN 55439-2130
800#: (888) 888-7008
Tel: (952) 947-7777
Fax: (952) 947-7300
E-Mail: [email protected]
Web Site: www.costcutters.com
Contact: Mr. Steve Bonniwell, Franchising Director
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: 1968
First Franchise: 1982
Franchise Units: 721
Company-Owned Units: 147
Total Units: 868
Distribution:
U.S. -- 868;
Canada -- 0;
International -- 0
�North America -- Operations in 45 States
�States/Provinces with Greatest Density: 115 in WI, 82 in MN, 81 CO
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
Average Number of Employees: 6 FT, 3 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $75K
Total Investment: $67.7K-123.8K
Average Total Investment: $95.8K
Minimum Net Worth: $300K
Fees
�Franchise: $12.5-22.5K;
�Average Franchise Fee: $17.5K
�Royalty: 6%/4% Yr. 1
�Average Royalty: 6.0%
�Advertising: 5%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15/15
Passive Ownership: Discouraged
Area Development Agreements: Yes/Varies
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
Franchisee Association / Member: No
Size Of Corporate Staff: 55
On-Going Support: C,D,E,G,h,I (Click here for an explanation)
Training: 1 Week Managerial & Tech. Training. 1 Week On-Site. Consultation Available. On-Going.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: All Countries
Note: NR = No Response by Franchisor.
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