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|Liquid Capital Required:||$150,000|
|Net Worth Required:||$1,000,000|
|Total Investment:||$151,370 - $321,020|
|Royalty Type:||4% for the first year of operation, 6% thereafter|
|Financing:||Via 3rd party|
|Incorporated Name:||Regis Corporation|
|Home Office:||Minneapolis, Minnesota|
With more than 2,600 no-appointment-required salons across the country, Supercuts offers consistent, quality haircuts at a moment's notice. Our highly trained stylists take pride in providing attention-to-detail and consistent service that has become the signature of Supercuts. Not only does Supercuts provide a range of hair services including men's, women's, and kids' haircuts, color services, and waxing, Supercuts also offers professional haircare products at affordable prices. For franchisors looking for an opportunity to work within a proven industry, with a highly recognizable brand, and in a business model that offers multiple income streams and high profit margins, Supercuts may be for you!
Values & History
When the first Supercuts opened in the San Francisco Bay Area in 1975, it became immediately clear that there was something different about this salon. Determined that getting a haircut should be as quick, easy and affordable as going to the supermarket, Supercuts standardized the process, developing the 20-minute cut technique, which has since been adopted by thousands of salons. Over 2,600 locations later, Supercuts is still laser-focused on delivering that same unparalleled guest experience, pioneering a best-in-class consumer app, and leading the industry with the best training in the business.
The Supercuts Promise"Deliver the high-quality, professional salon services men, women, and children demand, in the fashion they deserve."
Supercuts is committed to providing guests with a full range of services including styling, coloring, and waxing at a price that is fair and at a moment's notice without an appointment. Additionally, Supercuts locations aim to create a comfortable, stress-free environment and experience.
Supercuts has been in business since 1975. Over 40 years and more than 2,600 franchise locations later, we have gained popularity, established brand recognition, and gained a respectable reputation in the hair salon marketplace with 33 million guests served each year. Consistently awarded top marks by independent reviewers--including #1 in Hair Care for 8 years in a row by Entrepreneur--Supercuts is a brand you can count on.
The hair care industry has experienced steady, on-going growth and in the future will only get bigger. Like other markets where there is no saturation point — such as the car industry or healthcare — there will always be a need and demand for hair cutting and styling services. Even economic downturns don't have much of a negative impact on the operating revenue of a hair salon. The reason for this is due to the nature of this "evergreen" market. Quite simply, the hair cutting industry will never go out of style.
As a market segment, here are some statistics you can take to the bank:
- In 2015, the overall beauty industry generated $56.2 billion in the United States.
- The hair care industry tops market share by revenue figures at 24%, followed by the skincare industry with 23.7%.
- Hair salons expect to generate between 5% to 15% of total revenue from the sale of hair care products.
Purchasing a Supercuts Franchise
As with most franchises, the cost of opening a Supercuts varies according to several factors, including location, size and type of building, etc. Considering all factors, the total estimated initial investment ranges from $151,370 to $321,020, including a franchise fee of $30,000. Qualified franchisees have a net worth of at least $500,000 and liquid assets of $150,000. They also have good credit and the ability to support their personal lifestyle while starting a new business.
Supercuts can help you secure funding for your franchise locations. Through FranFund®, Inc., the nation's fastest growing provider of franchise and small business funding solutions, well-qualified candidates may be eligible for participation in the FranFundSelect® program.
Ideal Candidate & Qualifications
Many people who launch a Supercuts franchise have little to no experience at all in the beauty industry. In more than 35 years of franchising success, Supercuts has found that the candidates who make the best franchisees possess:
- Previous or current leadership experience
- A willingness to implement and execute company strategies
- The vision and desire to open multiple locations
Training & Support
Supercuts recognizes that the success of each franchisee directly relates to the success of the business and brand overall. That's why we provide extensive training and support to help ensure that all of our franchises are as strong as possible.
Training for franchisees includes: world-class training modules in business management, customer service, and recruiting; regularly scheduled phone calls to discuss service, retail, and training needs; Annual Regis Franchise Convention for all Regis franchisees — an extraordinary opportunity to network, learn, and adopt proven strategies for growing your salon. In addition to franchisee training, Supercuts also offers extensive educational development opportunities for stylists, including dedicated artistic directors and consultants to lead training classes in various forms and at different skill levels, and Hair Stylist Academy (HSA), which is a comprehensive training and certification program that trains stylists on hair care industry trends and the proprietary Supercuts hair cutting technique.
Besides this, you will also be supported by:
- Franchise Business Consultant
- Salon Management Software
- Regional Marketing Manager
- National Marketing Campaigns
- Web Page and Employee Recruitment Materials
- Financial and Accounting Support
- Real Estate Support