First Prize Franchise

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Cost Cutters

cost cutters franchise opportunityThe Cost Cutters concept responds to a universal desire: to get more, pay less and save time. Our insight into customers’ needs has helped us dominate 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.

BACKGROUND

Established: 1982
1st Franchised: 1983
Franchised Units: 545
Company Owned Units: 321
Registered: In all states
Franchise opportunity available in United States

FINANCIAL/TERMS

Total Investment: $76,000 - 184,800
Minimum Net Worth: $300K Net Worth, $100K cash/liquid
Franchise Fee: $22,500 for first location / $12,500 for each additional
Royalty: 4% weeks 1-52 and 6% from week 53 to remainder of term.
Advertising Fund: 4% fee and 1% local advertising fee
Passive Ownership: Allowed

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