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Cost Cutters
Value-priced hair care services for men, women, and children
Regis is hair, there, and everywhere. It is the world's largest operator of hair salons, with more than 13,500 company-owned or franchised salons (primarily in the US), more than 55 beauty schools, and 90 hair restoration centers. Formats range from mall-based to Wal-Mart-based with its salons selling hair care products branded under the Regis, MasterCuts, and Cost Cutters names. Regis also runs a variety of store formats in strip malls, including more than 2,000 Supercuts and 2,000 SmartStyle salons at Wal-Mart Supercenters. The sale of haircare products accounts for nearly 30% of sales. Headquartered in Minneapolis, Minnesota, the company has more than 2,050 locations in France, Italy, Spain, and the UK.
Cost Cutters
7201 Metro Boulevard
Minneapolis, MN 55439
888-888-7008
Fast Facts
| Year established | 1982 |
| Franchising since | 1982 |
| Can be run from home? | No |
| Number of employees needed | 5 - 7 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | Yes |
| Multiple units must be purchased outside U.S. | Yes |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 428 | 0 | 356 |
| 2010 | 441 | 0 | 362 |
| 2009 | 467 | 0 | 366 |
Expanding in These Locations
United States, Canada
Costs
| Total Investment | $114,800 - $179,400 |
| Franchise Fee | $12,500 - $22,500 |
| Royalty Fee | 4% - 6% |
Financial Requirements
| Net Worth | $300,000 |
| Liquid Capital | $100,000 |
Franchisee Qualifications
Business background
Customer-service based
No hair-care experience necessary
Financing
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | No |
| Is franchisor a member of the IFA's VetFran program? | Yes |
Cost Cutters
7201 Metro Boulevard
Minneapolis, MN 55439
888-888-7008
Content provided by Hoovers.com
Regis Corporation
Regis is hair, there, and everywhere. It is the world's largest operator of hair salons, with more than 13,500 company-owned or franchised salons (primarily in the US), more than 55 beauty schools, and 90 hair restoration centers. Formats range from mall-based to Wal-Mart-based with its salons selling hair care products ...
| Company Type: | Public |
| Employees: | 62,000 |
| 1 Year Employee Growth: | 5.1% |
| Executives: | Paul D. Finkelstein, Chairman, President, and CEORandy L. Pearce, Senior EVP, Chief Administrative Officer, and CFOGordon B. Nelson, EVP Fashion, Education, and Marketing |
| Rankings: | S&P 400, |
| Sales: | $2,626,600,000 |
| 1 Year Sales Growth: | 8.1% |
| Net Income: | $83,200,000 |
| 1 Year Net Income Growth: | - 24.1% |
| See More Financials | |
| Industries: | Hair Salons |
| See More Industries | |
| Top Competitors: | Ratner CompaniesSport ClipsUlta |
Cost Cutters
7201 Metro Boulevard
Minneapolis, MN 55439
888-888-7008
