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Magicuts
6465 Millcreek Dr., # 210
Mississauga, ON L5N 5R6 CANADA
800#: (800) 617-3961 + 4105
Tel: (905) 821-8555 + 4105
Fax: (905) 567-7000
E-Mail: [email protected]
Web Site: www.magicutssalons.com
Contact: Ms. Martha Lawrence, Franchise Sales Rep.
We are a contemporary, full-service salon with the added convenience of walk-in service. At MAGICUTS, our clients receive high-end style without the high-end cost. Conveniently located within Zellers department stores and suburban shopping centers across Canada, MAGICUTS markets to adults, 25-40, as well as families with children. The fusion of innovative service and quality with affordable pricing has made MAGICUTS a highly recognized and profitable brand for 25 years.
Franchisor Background
Established: 1981
First Franchise: 1982
Franchise Units: 106
Company-Owned Units: 97
Total Units: 203
Distribution:
U.S. -- 0;
Canada -- 203;
International -- 0
-North America -- Operations in 9 Provinces
-States/Provinces with Greatest Density: 114 in ON, 34 in BC
Projected New Units Over Next 12 months: 18
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: $46.5K
Total Investment: $93-147K
Average Total Investment: $120.0K
Minimum Net Worth: $200K
Fees:
-Franchise: $10-25K
-Average Franchise Fee: $17.5K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5/5
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:
Canadian Franchise Association:
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; 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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