Cost Cutters Franchise Information
The Cost Cutters Franchise is a haircutter’s franchise that provides quality hair care services by qualified professionals that understand you and your family’s hair care needs.
Cost Cutters has around 800 locations in the United States and has been in the hair care industry since 1963.
Their services are offered in a convenient and relaxed atmosphere, requiring no appointments and completely hassle free.
The Cost Cutters franchise is an ideal business opportunity for those interested in owning their own business, adapting a proven successful and effective business model to start up with. Franchise owners are given the opportunity to utilize the name of the business as well as all its trademarked and copyrighted products and services. The company currently has 480 franchised units and 370 company owned units. It in turn is under the Regis Corporation which currently has over 13,500 US based franchised salons, with around 55 beauty schools, and 90 hair restoration centers.
The Cost Cutters salon has no receivables and utilizes only the current inventory of hair care products. The ideal salon should be 1,000-1,500 square feet at a populated area such as in malls, business centers and local neighborhood outlets.
If you are a person interested in finding his or her own financial freedom and independence through a proven system as well as provides quality hair care to your local community then this is the ideal franchise choice for you. Also, though previous experience in the hair care industry is preferred it is no strict pre requisite as to date, currently 189 franchise owners are not professional stylists or hairdressers.
The qualifications for application include a net worth of $300,000 with a liquid capital of $100,000 to $300,000. A strong credit history as well as basic business management skills is also preferred. If you feel you fall short on the skills there is always the option to take up seminars or classes to prepare you for the management of your business. Experience in customer service is also a plus. Other costs you will spend on the franchise include a total investment of at least $94,495 to $210,295; the franchise fee is $12,500 to $22,500 and it includes a royalty fee of 6% with a term of agreement renewable in 15 years.
Training is available at headquarters for one week and on site for one week as well. There is ongoing training available to continually update the franchise owners of improvements and innovations in the system, its products and its services. The training includes classes regarding site selection, management training, the layout and design of the salon, recruitment of stylists, and marketing and advertising assistance. Ongoing support is inclusive of meetings, the use of the toll free phone line, assistance at the grand opening, internet assistance, security and safety procedures, field operations and evaluations. Marketing support includes ad slicks and regional advertising.
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