The Ideal Candidate
Finding the Best Fit for Our Barbershop Franchise
To be successful with Floyd’s, and any franchise for that matter, finding a company that suits you well is crucial. Our barbershop franchise is redefining our industry, and it’s very important to us that our new franchise owners truly fit our culture and vibe. Though meeting our financial requirements is very important as well, being aligned with our values and mission is something we also require.
One of the first questions we always get from prospective franchisees is whether or not salon industry experience is required. Though it can certainly be helpful, we aren’t seeking salon industry insiders to run our franchises. What we are seeking are multi-brand franchisees and experienced entrepreneurs. The future of our barbershops lies in franchising, so we are committed to finding the right candidates.
Experienced Entrepreneurs Welcome
Floyd’s franchise is a great investment for restaurant operators and other experienced franchise owners. Today, the franchise partners in our chain of 120+ shops are a close-knit group. Most of them have multi-unit franchises and come from a variety of backgrounds, although we find the hospitality industry to be a particularly good fit.
Franchise candidates need a net worth of at least $1.5 million and liquid assets of $500,000 or more. We have a unique culture at Floyd’s and we expect our franchise partners to be involved and engaged – this is not an absentee model.
Multi-unit franchise owner Bob Gregg, who, along with partner Courtney Lindley, owns around 20 Floyd’s shops that are open or in development in Texas, says entrepreneurs have to stay engaged to maximize their opportunities for success. For Lindley and Gregg, that means “just living the culture every day in our shops. We're present and active inside our business every day.
Making A Difference Every Day
Lindley and Gregg together created the franchise program at Potbelly Sandwich Shop and are still multi-unit franchise owners at a national chicken chain. They knew Floyd’s would be great from an investment standpoint, but they also saw something more.
It’s an intangible reward that goes beyond ROI but is still so interwoven that it speaks to the effects a franchise partner’s engagement can have on the bottom line. Lindley and Gregg loved the family-oriented culture at Floyd’s and have instilled that in their employees. “So that way, everybody fundamentally believes no matter what we're going through, we all are there together.
“We're all fighting the same fight… And they know we've got their best interests at heart. If you educate, stay involved and stay connected through communication, we win. It's when you're an absentee owner or there's no leadership and culture, that's when you miss. It has to be about culture and creating a connected environment to the stylist. That is number one in everything that we stand for, who we are, what we do. And when you've got that, you truly have a family environment that is who we are fundamentally, and that's the conversation that we're constantly having.”
“We have an amazing brand. We have a unique experience within the right category of the industry to target. Our blended quality and value proposition are better than anyone else, along with a relaxed, cool, and energetic experience.”- Bob Gregg
“Floyd's has been amazing. The brothers, the whole team, the corporate office. The multi-unit franchising is perfect because you're not going to be massive unless you choose to, but you're just big enough where you can get out there.”- Jay Palmer
“If you ask me what the culture is, the one word that always comes to mind is family. It's a culturally diverse team that can service all clients, do all types of haircuts, and have a connected message.”- Courtney Lindley