Cost Cutters FDD – Franchise Information, Costs and Fees
Type of Business
Cost Cutters® Businesses provide value priced hair care services for men, women and children, and sell a complete line of hair care products, merchandise and appliances.
Corporate Information
The Barbers, Hairstyling for Men & Women, Inc is a Minnesota corporation established in October 1968, and is a wholly-owned subsidiary of Regis Corporation, a Minnesota corporation (“Regis”). Regis is a publicly-held company on the Nasdaq Stock Exchange trading under the symbol “RGS.” The principal business address for Cost Cutters and Regis is 3701 Wayzata Boulevard, Suite 500, Minneapolis, Minnesota 55416. The Barbers developed and began selling franchises for the Cost Cutters® hairstyling system in 1982.
Investment
The total investment necessary to begin operation of a new COST CUTTERS is $177,466 to $323,558. This includes $41,500 to $43,500 that must be paid to the franchisor or affiliate (for a new Cost Cutters Business to be developed, not an existing company-owned store to be purchased). If you want to develop more than one Cost Cutters Business, you will sign a development agreement. If you sign a Development Agreement for development of three Cost Cutters salons, for example, the total investment necessary to begin operation of a Cost Cutters franchise is $207,466 to $353,558. This includes $71,500 to $73,500 that must be paid to the franchisor or affiliate. If you sign a Development Agreement, you will be required to open a minimum of
one or 3 or 6 Cost Cutters salons.
