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First Choice Haircutters

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First Choice Haircutters
6465 Millcreek Dr., # 210
Mississauga, ON L5N 5R6 CANADA
800#: (800) 617-3961
Tel: (905) 821-8555
Fax: (905) 567-7000
E-Mail: [email protected]
Web Site: www.firstchoice.com
Contact: Ms. Martha Lawrence, Dir. Franchise Development


We're a cutting-edge chain of price-value family hair care salons with over 400 locations across Canada and the US. Since 1980, we've built a strong, growing base of loyal customers - over 6 million last year alone. And you don't even have to have any hair experience or become a stylist. We'll provide all the training, tools and on-going support you'll need to manage your thriving salon business. At FIRST CHOICE HAIRCUTTERS, our philosophy is simple: your success is our success.




Franchisor Background


Established: 1980
First Franchise: 1982
Franchise Units: 199
Company-Owned Units: 226
Total Units: 425

Distribution:
U.S. -- 83; Canada -- 342; International -- 0
-North America -- Operations in 3 States, 10 Provinces
-States/Provinces with Greatest Density: 239 in ON, 50 in FL, 33 BC

Projected New Units Over Next 12 months: 36
Franchisee Qualifications: , , , , ,
(Click here for an explanation)

Registered in Following Registration States: NA (Click here for an explanation)
Average Number of Employees: 5-7 FT, 2-4 PT (FT = Full Time, PT = Part Time)
Space Needs: 800-1,000 SF; SC (Click here for abbreviations)
Encourage Conversion: Yes


Financial Requirements

Cash Investment: $48K Min.
Total Investment: $96-167K
Average Total Investment: $131.5K
Minimum Net Worth: $200K

Fees:
-Franchise: $10-25K
-Average Franchise Fee: $17.5K
-Royalty: 5-7%
-Average Royalty: 6.0%
-Advertising: 5%

Provide Earning Claim Statement: No


Terms of Contract

Term of Contract (Years): 10/5
Passive Ownership: Not Allowed
Area Development Agreements: Yes/5
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: CFA MEMBER
Franchisee Association / Member: No
Size Of Corporate Staff: 20
On-Going Support: B,C,D,E,G,H,I (Click here for an explanation)
Training: 1 Week Classroom; 10 Days On-Site. Annual Staff Refresher.


Franchisor's Specific Expansion Plans

U.S.: No
Canada: All CAN Except Quebec
Overseas: No

Note: NR = No Response by Franchisor.
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