First Choice Haircutters | Personal Care Franchises > Hair Salons from AllBusiness.com
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First Choice Haircutters

Value-priced family hair care

Canadian-based First Choice Haircutters started out in 1980 as a single hair salon, and today has more than 400 franchised and company-owned locations throughout Canada, as well as Florida, Michigan, and Ohio. The chain promotes itself as the salon of choice for value-conscious families. Parent company Regis Corporation is a global leader in beauty salons, hair restoration centers, and cosmetology education.

2011 AllStar Rank: 111
2010 AllStar Rank: Not Ranked
2009 AllStar Rank: Not Ranked

AllStar Franchise

AllStar Rank: 96 See All AllStar Franchises
First Choice Haircutters
6465 Millcreek Drive
Mississauga, ON L5N 5R6
905-821-8555
Franchise - button - buy report

Fast Facts

Year established 1980
Franchising since 1981
Can be run from home? No
Number of employees needed 6 - 8
Item 19 Financial Performance Representation? No
Multiple units must be purchased in U.S. Yes
Multiple units must be purchased outside U.S. Yes
% of franchisees who own multiple units 91%
Absentee ownership allowed? No

Franchise Unit Growth Rate

Year U.S.
Franchises
Non-U.S.
Franchises
Company-Owned
Locations
2011 0 192 260
2010 0 190 258
2009 0 187 259

Expanding in These Locations

Canada
Costs
Total Investment $108,500 - $169,500
Franchise Fee $12,500 - $22,500
Royalty Fee 4% - 6%
Financial Requirements
Net Worth $300,000
Liquid Capital $100,000
Franchisee Qualifications
Ability to allow manager/stylist run salon
Service focused
Not required to quit day job
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

AllStar Franchise

AllStar Rank: 96 See All AllStar Franchises
First Choice Haircutters
6465 Millcreek Drive
Mississauga, ON L5N 5R6
905-821-8555
Franchise - button - buy report
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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

AllStar Franchise

AllStar Rank: 96 See All AllStar Franchises
First Choice Haircutters
6465 Millcreek Drive
Mississauga, ON L5N 5R6
905-821-8555
Franchise - button - buy report