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Costs and Fees

How much are Floyd's startup costs?

Now is a great time to join a successful franchise that's different, edgy and just plain cool. Our shops are designed to have a fun, engaging neighborhood-hangout feel with great music, high energy and a full menu of services for men and women as well as kids.

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Costs and Fees

How much are Floyd's startup costs?

Now is a great time to join a successful franchise that's different, edgy and just plain cool. Our shops are designed to have a fun, engaging neighborhood-hangout feel with great music, high energy and a full menu of services for men and women as well as kids.

Download our Franchise Information Report

Opening your own Floyd’s 99 Barbershop franchise typically costs between $294,000 to $642,000, according to our 2020 Franchise Disclosure Document (FDD). Floyd’s startup costs will vary depending on market.



You will also pay a $45,000 franchise fee for your first shop, and $10,000 for each subsequent shop in a multi-unit agreement. We’re seeking candidates with a net worth of at least $1.5 million and a liquidity of $500,000 or more.

See Item 7 from our most recent FDD below for a detailed breakdown of your initial investment:

Type of ExpenditureAmount (Low-High Range)Method of PaymentWhen DueTo Whom Payment is to be Made
Initial Franchise Fee
(See Note 1)
$45,000Lump SumAt signing of Franchise AgreementUs
Building and Tenant Improvements
(Note 2)
$137,000 - $357,000As incurredBefore OpeningOther Suppliers
Equipment, Furnishings
and Electronics
(See Note 3)
$7,000 - $52,000As incurredBefore OpeningOther Suppliers
Signs$10,000 - $55,000As incurredBefore OpeningOther Suppliers
Point-of-Sale System,
Software and Office Equipment
(See Note 4)
$8,000 - $10,000As incurredWithin 10 days of signing lease for software and hardware; Before opening for office equipmentOther Suppliers
Opening Inventory and Supplies
(See Note 5)
$8,000 - $14,000Lump Sum when orderedBefore OpeningUs, our Affiliates and Other Suppliers
Security Deposits, Utility
Deposits, Business Licenses
(See Note 6)
$5,000 - $12,000As incurredBefore OpeningOther Suppliers
Initial Advertising and
Marketing Campaign
(See Note 7)
$25,000As incurredBefore, at or around OpeningOther Suppliers
Initial Training: Travel and Living Expenses
(See Note 8)
$4,000 - $6,000As incurredBefore OpeningOther Suppliers
Additional Funds - 3 months
(See Note 9)
$40,000 - $71,000As incurredAs incurredOther Suppliers
TOTAL ESTIMATED INITIAL INVESTMENT
(See Notes 10 and 11)
$289,000 - $647,000

Explanatory Notes:

Initial Franchise Fee

When you sign a Development Agreement to open multiple Barbershops, you must pay an initial franchise fee of $45,000 for the first FLOYD’S 99 Shop plus a development fee equal to $10,000 multiplied by the number of additional Barbershops to be developed, in a geographic territory reserved for your development of Barbershops. We apply the nonrefundable development fee paid toward the initial franchise fee for the second and each additional Barbershop to be developed, the balance of which is paid at a later date. See Item 5.

YOUR ESTIMATED INITIAL INVESTMENT- DEVELOPMENT AGREEMENT

Type of ExpenditureAmountMethod of PaymentWhen DueTo Whom Payment is to be Made
Development Fee
(See Note 1)
$65,000 - $85,000Lump SumUpon signing the Development AgreementUs
Other Expenditures for first FLOYD’S 99 Shop (less initial franchise fee for first FLOYD’S 99 Shop, which is included in the Development Fee)
(See Note 2)
$244,000 - $602,000As disclosed in first table under ITEM 7As disclosed in first table under ITEM 7As disclosed in first table under ITEM 7
TOTAL ESTIMATED
INITIAL INVESTMENT
(See Note 3)
$309,000 - $687,000

Explanatory Notes:

Development Fee

The chart provides an estimate of your initial investment to open your first FLOYD’S 99 Shop assuming you sign a Development Agreement to develop 3 (low estimate) or 5 (high estimate) Barbershops. When you sign a Development Agreement to open multiple Barbershops, you must pay an initial franchise fee of $45,000 for the first FLOYD’S 99 Shop plus a development fee equal to $10,000 multiplied by the number of additional Barbershops to be developed, in a geographic territory reserved for your development of Barbershops. We apply the nonrefundable development fee paid toward the initial franchise fee for the second and each additional Barbershop to be developed, the balance of which is paid at a later date. The low estimate assumes you will enter into a Development Agreement requiring you to develop 3 Barbershops and the high estimate assumes you will enter into a Development Agreement to develop 5 Barbershops.

A solid investment for experienced entrepreneurs seeking to reinvent the barbershop experience in the recession-resistant salon industry.

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