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270. Cost Cutters

Last Year's Rank: 263

Investment Range: $50K to $150K

Category: Personal Services

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Company Description

Experienced business owner John Francis founded this brand of budget, family-catered hair salons, Cost Cutters in 1982. Cost Cutters became a franchised business within the year and it is today based out of the city of its founding – Minneapolis. Cost Cutters is a subsidiary of the Regis Corp., a holding company also based in Minneapolis. Regis owns a number of hair salon brands, including Supercuts, Magicuts and City Looks. 

Company Statistics

Global Sales: $168,595,200

US Units: 670

International Units: 0

Total Units: 670

Percent Franchised: 60%

% International Units: 0%

US Franchised Units: 405

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