Floyd's 99 Barbershop
At a Glance
Products & Services: Haircuts, hair coloring, shaves & retail products
Number of Locations: 28
Total Investment: $227.5K - 386.5K
Founded: 2001
Began Franchising: 2005
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2008 | 11 | 0 | 1 | 16 |
Startup Costs, Ongoing Fees and Financing
Total Investment: $227,500 - $386,500
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $500,000
Operations
80% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 12 - 20. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 10 days. At franchisee's location: 3 days. Online seminars
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations,
Marketing Support: Co-op advertising, Ad slicks,
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