Price Tag
Understanding the Demand
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GREAT VIBES | STRONG SALES | OPEN TERRITORIES Contact us today to learn more.The demand for quality hair care services remains strong, even in challenging economic times. Post-pandemic, millions of Americans prioritized getting a haircut as the economy reopened, proving that as long as hair keeps growing, the haircut franchise industry will continue to thrive.
In 2023, the global hair care market was valued at approximately $91.2 billion and is projected to grow to nearly $105 billion by 2028. Hair care holds one of the largest shares in the global beauty market, accounting for about 22% in 2022, second only to skincare.* This consistent demand positions Floyd’s 99 Barbershop franchise for ongoing growth and success.
Recession-Resistant and Always in Demand
With nearly 25 years as a respected brand, Floyd’s has honed a business model that supports franchise partners in establishing profitable shops. While we can’t guarantee earnings, our strong brand reputation, high client retention rates, and diverse service offerings provide a solid foundation for success. Our revenue streams include haircuts, color services, shaves, waxing, and a profitable line of retail products. Floyd’s thrives in areas with populations over 100,000 and average household incomes above $75,000, making it a versatile business opportunity in various markets.
Even during economic downturns, Floyd’s appeals to clients who seek stylish, quality results without the high price tag. Our proprietary line of men’s grooming products currently boasts a 60% profit margin which can contribute up to 8% of your revenue and provide commissions for your barbers and stylists. With multiple revenue streams and strong brand recognition, Floyd’s offers numerous opportunities for profitability.
What Is the Investment?
Floyd’s Barbershop is one of the fastest-growing barbershop franchises in the nation. Opening a Floyd’s franchise is straightforward, with an initial investment range that is often lower than other hair salons, discount haircut franchises, and many other franchise types like restaurants or trampoline parks.
A Low-Cost Investment with High Potential Returns
The estimated total investment to open a Floyd’s 99 Barbershop franchise ranges from $399,500 to $762,500. (as described in detail in the table below) The higher range is typically for unique properties, such as converted gas stations. Unlike many franchises, we don’t require new franchise partners to purchase multiple licenses. We offer flexible development agreements ranging from one to ten units, allowing you to grow at your own pace.
Your investment includes everything you need to get started: the initial franchise fee, build-out costs, grand opening marketing expenses, and up to three months of working capital to ensure a strong start. Even though Floyd’s is a franchise, each location is uniquely designed to reflect its community, providing a personalized touch that sets us apart from other brands.
Why Choose Floyd’s?
A Comprehensive Overview of the Costs & Fees
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $49,500 | $49,500 |
| Building, Tenant Improvements & Rent | $185,000 | $400,000 |
| Equipment, Furnishings, Finishes & Supplies | $50,000 | $90,000 |
| Signage | $14,000 | $55,000 |
| Point-of-Sale System, Software, Office Equipment, Audio/Video, IT & Electronics | $12,000 | $20,000 |
| Opening Inventory & Supplies | $8,000 | $14,000 |
| Security Deposits, Utility Deposits, Business Licenses | $5,000 | $12,000 |
| Initial Advertising & Marketing Campaign | $25,000 | $25,000 |
| Initial Training: Travel & Living Expenses | | $4,000 | $8,000 |
| Insurance | $2,000 | $3,000 |
| Professional Fees | $5,000 | $15,000 |
| Additional Funds - 3 Months | $40,000 | $71,000 |
| Total | $399,500 | $762,500 |
*Costs per 2024 Floyd’s 99 Barbershop FDD. Please read the FDD and Item 7, in particular, for additional detail and information about the costs listed above for a single barbershop.
If you elect to sign a Development Agreement to develop multiple Floyd’s 99 Barbershops, you will also pay a development fee (which varies depending on the number of shops you will develop) and otherwise incur the estimated start-up costs and fees for each barbershop you develop (please see Item 7 of our FDD for information on the costs and expenses associated with a Development Agreement).
Financing Your Floyd’s Franchise
While Floyd’s does not offer direct financing, we have preferred relationships with third-party lenders who are familiar with our brand and can help you secure the necessary funds to invest in a Floyd’s Barbershop franchise.
Former Food Service Franchisees See Clear Benefits
“If you manage it correctly, there's a profit margin benefit. You have a lower initial investment on building out the space and the ability to secure rent and occupancy costs that are much lower than restaurant spaces. By building the right team and marketing effectively within the community, you can achieve better margins than most restaurant franchises.”
- Bob Gregg, Multi-unit owner in Texas with a background in food franchising