Grooming Lounge Franchise LLC

Upscale men's barbershops/spas
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$422K - $780K
Units as of 2016
2 Decrease

Company Overview

About Grooming Lounge Franchise LLC

Industry Personal-Care Businesses
Related Categories Hair Care, Miscellaneous Personal-Care Businesses
Founded 1999
Leadership Michael Gilman, Founder and CEO
Corporate Address 1120 Connecticut Ave. N.W., #435
Washington, D.C., 20036
Social Facebook, Twitter

Business Overview

Franchising Since 2014 (10 years)
# of employees at HQ 10
Where seeking

This company is offering new franchises in the following US states:

# of Units 2 (as of 2016)

Information for Franchisees

Here's what you need to know if you're interested in opening a Grooming Lounge Franchise LLC franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$40,000
Initial Investment Information Circle
$422,255 - $779,990
Net Worth Requirement Information Circle
$200,000 - $1,000,000
Cash Requirement Information Circle
$150,000 - $1,000,000
Veteran Incentives Information Circle
$10,000 off franchise fee
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 1 week
Classroom Training 1 week
Ongoing Support
Purchasing Co-ops
Newsletter
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Marketing Support
Co-op Advertising
National Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 10-15
Are exclusive territories available? Information Circle
Yes
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022