KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Floyd's 99 Barbershop has established itself as a leading franchise in the barbering industry, offering both traditional and modern grooming services. The brand was launched in 1999 by the O'Brien brothers—Paul, Bill, and Rob—in Denver, Colorado, and has since seen significant growth.
Floyd's 99 began franchising to enable entrepreneurs to become part of a brand that combines classic barbering with a contemporary twist. The barbershop offers a wide range of services, such as haircuts, beard trims, styling, and even tattoo services at select locations.
What distinguishes Floyd's 99 from other barbershops is its dedication to creating an inviting and rock 'n' roll-themed environment. This inclusive atmosphere allows clients to feel at ease while receiving high-quality grooming. Floyd's 99 serves a diverse clientele, providing styles that range from traditional to avant-garde, all executed by talented and inventive barbers.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
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The Floyd's 99 Barbershop franchise system provides comprehensive training to ensure franchisees are well-equipped to uphold the brand's standards and deliver exceptional service. The training consists of several essential components:
Initial Training Program: This compulsory program is designed for the Franchisee or Principal Manager and takes place at the Franchisor's designated training facilities. It is vital for learning the Franchisor's Licensed Methods, trademark protection, and maintaining brand consistency. The program encompasses approximately 20 hours of training. Based on the prior experience or training of the Franchisee or Principal Manager, the Franchisor may modify or waive certain parts of the program.
Manager Training Programs: New Principal Managers must complete either the initial training program or the Manager-in-Training (MIT) Program. The MIT Program includes roughly 20 hours of classroom instruction and 80 hours of practical, on-the-job training. This training is conducted partly at the Franchisee's Shop and partly at a location specified by the Franchisor.
Ongoing Training: Throughout the term of the Agreement, the Franchisor periodically provides mandatory seminars, conventions, programs, or meetings to ensure continuous learning and adherence to brand standards. While there are no tuition fees for mandatory training, Franchisees are responsible for their travel and living expenses.
Franchisees are granted a "Protected Territory," usually defined as a specific radius around their Franchised Location. The size of this radius varies depending on local demographics and market conditions. Despite this protection, franchise rights are non-exclusive, meaning franchisees may encounter competition from other franchisees, franchisor-owned outlets, or other brands managed by the franchisor.
Franchisees are limited to operating and advertising within their Protected Territory and are prohibited from activities such as accepting wholesale orders or making sales outside their premises. The franchisor retains the right to operate or license others to run Floyd’s 99 Shops outside the Protected Territory.
