Supercuts Franchise
Sunday, January 31, 2010 at 12:54AM Family hair care
Supercuts' predecessor, EMRA Corp. was founded in 1975 by Geoffrey M. Rappaport and Frank E. Emmett. The public company has been franchising since 1979. Supercuts Inc. acquired EMRA in 1987. It's based in Minneapolis, Minnesota, and has locations throughout the United States.
Start-up Costs & Franchises Fees
What is the total cost to open a Supercuts Franchises?
Total Cost: $110,000 USD -$239,700
Total Franchise Fees: $10,000 USD -$22,500
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: Conditional
Franchise Agreement Renewal Fee: Remodeling costs
Contact Information for Supercuts
|
Supercuts |
Phone Number: (952)947-7777 |
Supercuts In the Press
No results at this time.Historical Expansion
In what year did Supercuts begin operations? 1975
When did Supercuts begin selling franchises? 1979
Year United States Canada International Corporate 2005 981 16 0 905 2004 959 14 0 894 2003 957 11 0 791 2002 936 0 0 829 2001 933 0 0 782
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): ILC, WINR
Training & Support
Training
Training center utilized
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Ad slicks, National media
Franchise Operation Restrictions
Franchise business owners required to buy multiple units/master licenses; 82% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 6 - 8
Absentee ownership of franchise is allowed. (20% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience Retail/service industry experience useful
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes