Cost Cutters strives to offer people a way to get quality haircuts in a fraction of the time and for a fraction of the cost of a standard haircut.
Fitness & Beauty
About Cost Cutters
Cost Cutters is a hair salon that was born from the desire to give people what they want most: a quality salon service for a fraction of the time and at a fraction of the cost of traditional salon services. When individuals choose Cost Cutters, they know they will be in and out within a half-hour and looking good when they leave. The company has achieved its goal, which is why it is now a household name. Cost Cutters operates in only the most convenient locations, thereby making the brand even more appealing to busy families and single individuals alike.
Cost Cutters employs expertly trained stylists who can provide current hairstyles at an affordable price. One of the selling points of Cost Cutters is that the stores do not require appointments.
1982 (43 years)
-
$263,638
Franchise Fees
$39,500
4.0% - 6.0%
Gross Revenue
4.0%
Gross Revenue
Why Cost Cutters?
Though the hair care industry is one that individuals rarely consider when they think about franchising, data proves that this niche of the retail industry performs better than any other. This is due to several factors. For one, the industry is and always will be relevant no matter the community and no matter the economic climate in an area. Two, haircare is a service that is best performed by a professional and is therefore not something most people attempt to do themselves. Three, the industry is not affected by technological advancements, as so many industries are. Finally, the industry utilizes non-perishable tools, the service cannot be outsourced and, at the end of the day, it strives to help people look and feel better about themselves.
That said, franchising a salon is a good idea. An even better idea is to franchise under a brand with proven systems and a long track record of success, such as Cost Cutters.
Ideal Candidate
The ideal Cost Cutters franchisee is someone who enjoys working with people, has the capital necessary to become a franchisee, is financially stable, has a drive for success and who is willing to follow proven systems. The ideal candidate does NOT need experience in the salon business. Rather, the company appreciates individuals who have business management experience and people skills.
$146,430 - $314,200
$250,000
$1,000,000
