Grooming Lounge Franchise LLC

Grooming Lounge Franchise LLC

Upscale men's barbershops/spas
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$422K - $780K
Units as of 2016
2 0.0% over 3 years

Company Overview

About Grooming Lounge Franchise LLC

Founded
1999
Leadership
Michael Gilman, Founder and CEO

Franchising Overview

Franchising Since
2014 (7 years)
# of employees at HQ
10
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
2 (as of 2016)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
1120 Connecticut Ave. N.W., #435
Washington, D.C., 20036

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

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?
No
Can this franchise be run part time?
No
# of employees required to run
10-15
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Grooming Lounge Franchise LLC landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021