Cost Cutters Family Hair Care Logo

About Cost Cutters Family Hair Care

At Cost Cutters, we believe everyone should walk out of our salons looking like a million bucks without paying it. That’s why we offer full-service salon services that give you the look you want for a whole lot less. With nearly 700 salons in 37 states, it’s easy to find a Cost Cutters location near you. Our salons carry a wide assortment of salon quality professional products so you can maintain your fresh cut and incredible color.

Since its inception in 1982, the Cost Cutters hair salon concept has responded to a universal desire: to get more, pay less and save time. A Cost Cutters hair salon franchise allows you to tap into the lucrative beauty business by offering customers a quality product at a low price. Our insight into customers’ needs has helped us excel in this lucrative value-salon sector, making Cost Cutters an extremely strong brand and a household name. Our convenient locations make us especially appealing to busy families and men. We employ expertly trained stylists who provide current hairstyles at an affordable price without the need for an appointment. To date there are over 740 Cost Cutters salon locations.

About The Regis Corporation

Regis Corporation, headquartered in Minneapolis, Minnesota, is the beauty industry’s global leader in beauty salons and cosmetology education. The Company owns, franchises, or holds ownership interests in nearly 7,000 locations.

Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters and First Choice Haircutters. Additionally, Regis also maintains ownership interests in the Empire Education Group.

Regis offers a wide range of haircare services including haircuts, styling and coloring, as well as a wide selection of nationally recognized professional haircare products.

Who are Regis Corporation Franchisees?

The people who join our retail franchise family have diverse backgrounds and various reasons for choosing to franchise with us. After careful consideration and exploration, our franchisees have found this industry, this company, these brands work for them.

Why does the beauty industry make so much sense from a business perspective?

The hair care salon business is rarely the first industry people consider when examining franchise concepts. But, when they learn more, our franchisees find this retail industry performs like no other. Ours is an industry that:

Is relevant in any community and any economic climate.
Is a fundamental service best performed by professionals.
Resists technological obsolescence.
Is staffed by professionals – employees are educated, licensed and trained.
Has low, non-perishable inventory requirements.
Cannot be outsourced.
Is about making people look and feel good about themselves.

What kind of support does Regis Corp offer their franchisees?

“The key to success is not your product, it’s your partner.” —Franchisee from Chester, VA

Most people recognize our salon brands—such as Supercuts, Cost Cutters, and Roosters—before our parent company. But once they know us, few forget. Regis Corporation is the global leader in salon and haircare services.

Since our inception in 1922, we’ve grown to over 60 distinct brands of salons, education centers and specialized hair service centers, serving customers worldwide. No other retail salon services company offers their franchisees knowledge and resources on this scale.

Our franchisees have direct access to the vast accumulated knowledge, resources, and best operating and marketing practices of Regis Corporation. We also have the capability and resources to continuously learn about our industry and consumers and adapt as necessary.

We make available to our franchisees what we have learned and continue to learn. The resources of a global hair care company and our past experience as operators of thousands of salons allow us to offer significant support.

Company Founded

1982

Current Leadership

Hugh Sawyer, CEO

Started Franchising

1982 (39 years)

Total Number of Units

676 (as of 2020)

Part-Time / Full-Time

Full Time

Stock Ticker Symbol

RGS

How Much Does It Cost To Open A Cost Cutters Family Hair Care Franchise?

There are several costs associated with opening a Cost Cutters Family Hair Care franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Cost Cutters Family Hair Care franchise. The weekly fee for opening a Cost Cutters Family Hair Care franchise is not specified.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Cost Cutters Family Hair Care Is Renewable) and does the franchise offer financing support (Cost Cutters Family Hair Care Cost Cutters Family Hair Care has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory).

Cost Cutters Family Hair Care Company Details

Here are some additional details about Cost Cutters Family Hair Care.

Parent Company Regis
Initial Investment $39,500
Net Worth Requirement $500,000
Veteran Incentives $2,500 rebate on first-store franchise fee
Royalty Fee 6%
Ad Royalty 4%
Term of Agreement 15 years
Absentee Ownership No
Run from Home No
Part Time No

Training and Support Offered By Cost Cutters Family Hair Care

Cost Cutters Family Hair Care offers several support options to its franchisees. With 676 (as of 2020) units, Cost Cutters Family Hair Care aims to provide support to each franchise owner to help them operate a successful franchise location. Cost Cutters Family Hair Care offers No on the job training, 24 hours classroom training, and As needed additional training.

Training and Support Offered

Here are the support options offered by Cost Cutters Family Hair Care.

On-The-Job Training No
Classroom Training 24 hours
Additional Training As needed
Ongoing Support
  • Purchasing Co-ops
  • Newsletter
  • Meetings & Conventions
  • Toll-Free Line
  • Grand Opening
  • Online Support
  • Security & Safety Procedures
  • Lease Negotiation
  • Field Operations
  • Site Selection
Marketing Support
  • National Media
  • Regional Advertising
  • Social Media
Cost Cutters Family Hair Care Logo

Is Cost Cutters Family Hair Care Right For You?

Cost Cutters Family Hair Care has gone digital! Here are all of the ways you can find Cost Cutters Family Hair Care online. Oftentimes, you can reach out to current franchisees of Cost Cutters Family Hair Care online. Current franchisees may be able to offer personalized insights into what it is like owning a Cost Cutters Family Hair Care franchise and offer tips to running a successful Cost Cutters Family Hair Care franchise location.

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Why Should You Start a Cost Cutters Family Hair Care Franchise?

Investing in a Health & Beauty franchise such as Cost Cutters Family Hair Care can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Cost Cutters Family Hair Care franchise and we'll be in touch soon!

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