FranchiseVerdict
Supercuts logo
FV-02501·MODERATEExcellent86

Supercuts

Personal Services - Beauty & SalonFranchising since 1988Website
Investment
$186K – $323K
33rd pct Beauty & Salon
Avg revenue
$322K
9th pct Beauty & Salon
Royalty
6.0%
18th pct Beauty & Salon
Units
1,801
99th pct Beauty & Salon
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $186K – $323K including a $40K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $322K/year (median $297K).
  • Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 307 loans (below the industry average).
  • 11 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Supercuts, Inc.
Parent company
Regis Corporation
Incorporated in
Delaware
HQ
3701 Wayzata Boulevard, Suite 600, Minneapolis, Minnesota 55416
Auditor
Grant Thornton LLP
Audited financials
Franchisor revenue
$210.1M
vs $203.0M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Supercuts unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $322,306
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $186K–$323K
Working capital
$
FDD reports $15K–$30K

Unlevered ROIC · per unit

22%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$61K
EBITDA margin
19.0%
Total invested
$277K
Payback
54 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Supercuts units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$774K

on $3.9M purchase

Total debt

$3.1M

SBA $1.9M + senior + seller note

Overview

About

Franchisees operate hair-cutting salons typically located in strip malls or retail spaces, providing budget-friendly haircuts and basic hair services to walk-in customers. Day-to-day operations include managing 3-8 employees, scheduling appointments, inventory management for products/supplies, cash handling, and ensuring brand standards for service quality and store appearance.

CEO
Jim Lain
Founded
1987
FDD year
2025
States available
48

Item 7 · what it costs

The Vitals

Total investment
$186K – $323K
All-in to open one unit
Liquid capital
$15K – $30K
Cash you must have on hand
Franchise fee
$40K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
5.0%
typical 3–5%
Total fee load
11.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$322K
Per unit, per year
Median gross sales
$297K
Item 19 type
Gross Sales
Sample size
1661 units
vs category median 34 · large
Range (low → high)
$36K$1.2M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank9th
vs Personal Services - Beauty & Salon peers
Investment cost rank33th
Lower investment ranks lower (better)
Royalty rate rank18th
Lower royalty = lower percentile (better)
Unit count rank99th
vs Personal Services - Beauty & Salon peers
Risk score rank35th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1,801
Opened
11
Last reporting year
Closed
137
Turnover rate
7.6%
Company-owned
100
Corporate units in the system
% franchised
94%
vs corporate-owned
Net growth (yr3)
+7.0%
Net unit change last year
3-yr CAGR
+21.7%
Compounded over last 3 years
2023
2,070-234
Franchised units
2024
1,935
Franchised units
2025
1,701
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 12 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 12 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
307
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

57
Risk · 0-100
MODERATE57 / 100

Supercuts presents CAUTION-level risk: modest unit decline, material litigation including franchisee rights disputes, non-transparent profitability data, and territorial vulnerability create meaningful uncertainty around franchisee ROI and franchisor stability.

Score breakdown · what drove the 57 / 100 rating

  1. 01MINORDeclining unit growth (7.0% YoY) suggests market saturation or franchisee underperformance in mature hair-cutting segment
  2. 02MINORMultiple franchise law violation counterclaims indicate systemic disputes over franchisor obligations and franchisee rights
  3. 03MEDNo disclosed average net income despite $322k avg revenue creates inability to validate unit economics or profitability claims
  4. 04MINORUnprotected territory allows franchisor to cannibalize franchisee revenue through company-owned or competing franchise locations
  5. 05HIGHLitigation pattern (collections, trade secret misappropriation, consumer class action) suggests operational and compliance issues
  6. 06MEDHigh royalty burden (6% on gross sales, not net profit) combined with undisclosed net income obscures true franchise profitability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Protected territory
No
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
11
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Minnesota

Item 11

Training & Operations

Classroom training
10 hrs
On-the-job training
0 hrs
POS system
Zenoti
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

39 numbers

Locked
(119) 978-••••
(102) 732-••••
(323) 887-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Supercuts · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above