Magicuts

Salon services

Background

Founded: 1981 Franchising since: 1981
Magicuts is a full-service salon with locations in Zellers department stores throughout Canada. Its parent, Regis Corp., also franchises City Looks, Cost Cutters Family Hair Care, First Choice Haircutters, Pro-Cuts and Supercuts.

6465 Millcreek Dr., #210
Mississauga, Ontario L5N 5R6

Phone:
(800)617-3961

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	0	84	0	131
2008	0	81	0	131
2007	0	112	0	101
2006	0	111	0	95
2005	0	112	0	90

Where Seeking Franchisees
Not available in the U.S.
Outside the U.S.: Canada

Exclusive territories available.

Costs and Fees

Total investment: $95.5K-165.5K
Franchise fee: $12.5K/22.5K

Ongoing royalty fee: 6%
Term of agreement: Term of agreement not renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $300K
Cash liquidity requirement: $100K

Rankings

Franchise 500® rank:
#353 (2009); #274 (2008);

Direct Request

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