Franchise FAQs

A: While you don’t need experience in the salon or barbershop industry, Floyd’s is seeking experienced entrepreneurs who have strong leadership skills, business acumen, and the ability to successfully manage a multi-unit agreement. It’s also essential for candidates to live in the market they plan to develop. Financially, candidates should have a net worth of at least $1.5 million and a minimum liquidity of $500,000.

A: Your earnings will depend on several factors, including real estate costs, operating expenses, financing, and your ability to effectively manage your barbershops. While we cannot predict or guarantee any specific revenue, we encourage you to review our Franchise Disclosure Document (FDD) for detailed financial information.

A: The estimated start-up costs for a Floyd’s franchise can range from $399,500 to $762,500 per location (see Item 7 of our 2024 Franchise Disclosure Document (FDD) for detailed information). Additionally, development fees are $49,500 for each of your first and second barbershops and $34,500 for each additional barbershop under a multi-unit Development Agreement. These estimates include a variety of line-item expenses, which are detailed in the FDD.

A: We’re thrilled you’re ready to join the Floyd’s family! The time frame to open a barbershop franchise can vary, but on average, you can expect a ramp-up period of about nine to twelve months from the start of the process.

A: While Floyd’s does not offer direct financing, we have partnerships with several preferred lenders who are familiar with our franchise model. These lenders can help you determine your eligibility, assist with the loan application process, and connect you to the right financial resources.

A: No worries—we’ve got your back! Floyd’s provides comprehensive training for your stylists and barbers, covering technical skills and best practices for exceptional customer service. We empower your team to deliver the full Floyd’s experience, ensuring every client feels welcome and valued. If you ever have questions or need additional resources, our support team is here to assist you.