Floyd's 99 Barbershop is a retail hair care business offering haircutting, coloring, and barbering services in a modern, relaxed atmosphere. The franchise provides stylish grooming options for clients of all ages in a welcoming environment.
Key Insights
- Floyd's 99 Barbershop was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Operational efficiency streamlines processes and reduces costs while maintaining the quality and attention to detail that builds reputation and customer satisfaction, utilizing technology and proven methods to maximize value while ensuring consistent service delivery.
- The market demonstrates consistent growth driven by demographic changes, evolving consumer expectations, and increased awareness of service quality, creating opportunities for businesses that can adapt to changing needs while maintaining high standards of professional service delivery and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Floyd's 99 Barbershop gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $399,500 - $767,500, along with a franchise fee of $49,500 - $49,500.
Financial Performance and Revenue
Yearly gross sales of $954,156 and estimated earnings of $133,582 - $171,749 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.3-6.3 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Floyd's 99 Barbershop provides new franchisees with comprehensive training. This initial program, lasting two weeks, takes place at Floyd's 99 Barbershop headquarters. Franchisees receive access to operational manuals and ongoing support resources. Floyd's 99 Barbershop also offers marketing tools and guidance.
Legal Considerations
Legal considerations for a Floyd's 99 Barbershop franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might navigate the challenge of local market competition, where established shops and new entrants vie for clientele. Operational complexity arises from managing staffing, ensuring service consistency across stylists, and maintaining brand standards. Reliance on specific supply chains for products could present challenges if disruptions occur.
Franchise Datasheet
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