Supercuts 2007 Annual Report Download - page 9
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In addition to these openings, the Company typically acquires several hundred salons each year. The number of acquired salons, and the
concept under which the acquisitions will fall, vary based on the acquisition opportunities which develop throughout the year.
Salon Development
The table on the following pages set forth the number of system wide salons (company-owned and franchise) opened at the beginning and
end of each of the last five years, as well as the number of salons opened, closed, relocated, converted and acquired during each of these
periods.
COMPANY-OWNED AND FRANCHISE LOCATION SUMMARY
8
NORTH AMERICAN SALONS:
2007
2006
2005
2004
2003
REGIS SALONS
Open at beginning of period
1,079
1,093
1,085
1,095
1,016
Salons constructed
17
38
39
33
53
Acquired
49
14
13
4
72
Less relocations
(14
)
(16
)
(14
)
(10
)
(12
)
Salon openings
52
36
38
27
113
Conversions
(1
)
—
(
1
)
(2
)
(2
)
Salons closed
(31
)
(50
)
(29
)
(35
)
(32
)
Total, Regis Salons
1,099
1,079
1,093
1,085
1,095
MASTERCUTS
Open at beginning of period
642
636
604
590
551
Salons constructed
15
32
47
34
47
Acquired
—
—
2
3
—
Less relocations
(12
)
(8
)
(13
)
(9
)
(6
)
Salon openings
3
24
36
28
41
Conversions
—
(
2
)
1
1
2
Salons closed
(16
)
(16
)
(5
)
(15
)
(4
)
Total, MasterCuts
629
642
636
604
590
TRADE SECRET
Company
-
owned salons:
Open at beginning of period
615
597
549
517
490
Salons constructed
20
33
56
26
34
Acquired
3
2
23
12
10
Franchise buybacks
—
5
—
2
—
Less relocations
(11
)
(6
)
(17
)
(5
)
(4
)
Salon openings
12
34
62
35
40
Conversions
1
1
—
1
—
Salons closed
(15
)
(17
)
(14
)
(4
)
(13
)
Total company-owned salons
613
615
597
549
517
Franchise salons:
Open at beginning of period
19
24
24
25
26
Salons constructed
—
—
—
1
—
Salon openings
—
—
—
1
—
Franchise buybacks
—
(
5
)
—
(
2
)
—
Salons closed
—
—
—
—
(
1
)
Total franchise salons
19
19
24
24
25
Total, Trade Secret
632
634
621
573
542