Cost Cutters
Value‑priced, family hair salons offering haircuts, styling, shampooing, conditioning and related services, plus retail hair care and styling products, primarily operating inside Walmart stores.
Your franchise match score
Beauty
Brand highlights
- CEOMatthew Doctor
- Headquarters3701 Wayzata Boulevard, Minneapolis, MN, 55416
- Year founded1968
- Year started franchising1982
- IndustryBeauty
- Locations open463 (-181 last three years)
Statistics & metrics
- Investment range$175,990 - $323,140
- Franchise fee$39,500
- RoyaltyWeeks 1 through 52: 4% of Gross Revenues Week 53 through end of Franchise Agreement Term: 6% of Gross Revenues or $100 per week, whichever is greater
- Brand fund4% of Gross Revenues (currently 1% is collected and 3% is uncollected)
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Beauty industry:
The beauty industry encompasses hair salons, nail studios, and cosmetic retail. It is a dynamic and trend-driven sector that offers opportunities for both hands-on service providers and retail-focused entrepreneurs.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2024-10-28
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Cost Cutters, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Cost Cutters's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Cost Cutters, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Cost Cutters franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Cost Cutters provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 463 |
| Franchise locations | 463 |
| Corporate locations | 0 |
System growth over time
FAQs
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