Your Questions Answered | Affordable Franchises

Affordable Franchises in Knoxville, TN

Are you considering investing in a franchise and looking for a solid opportunity in the hair care industry? Look no further than Floyd's 99 Barbershop, a leading national franchise chain that offers an amplified experience beyond just a haircut. As a potential investor in Knoxville, TN, you may have several questions about affordable franchise opportunities, and we're here to provide you with the information you need to make an informed decision.

Franchising

Franchising can be an attractive option for entrepreneurs looking to start a business with a proven track record and established brand. It offers the advantage of operating under an established brand name and business model, without the added pressure of building a business from the ground up. Franchisees benefit from the support and guidance of the franchisor in areas such as marketing, training, and ongoing operational support.

Franchising with Floyd's 99 Barbershop provides a unique opportunity to tap into the 64 billion hair care industry while benefiting from a brand that has successfully carved out a niche between discount cut-shops and high-end salons. The brand's popularity among clients and stylists, along with its unique position in the market, makes it an appealing option for potential franchisees.

Frequently Asked Questions

1. How much does it cost to open a Floyd's 99 Barbershop franchise?

The initial investment for opening a Floyd's 99 Barbershop franchise ranges from 263,750 to 497,500, including the franchise fee. This investment covers expenses such as leasehold improvements, equipment, inventory, and initial marketing expenses.

2. What ongoing fees are associated with owning a Floyd's 99 Barbershop franchise?

Ongoing fees include a royalty fee of 6% of gross sales and a marketing fee of 2% of gross sales. Additionally, franchisees are required to contribute to the brand's marketing fund to support national marketing initiatives.

3. What kind of support can I expect from the franchisor?

Floyd's 99 Barbershop provides comprehensive training and support to franchisees, covering areas such as site selection, shop design and construction, marketing and advertising, and ongoing operational support. Franchisees also benefit from the brand's established supply chain and purchasing power.

4. What are the qualifications for becoming a franchisee?

Potential franchisees should have a strong business acumen, excellent leadership and people skills, and a passion for the brand and the industry. Prior experience in the beauty or retail industry is beneficial but not mandatory.

5. What sets Floyd's 99 Barbershop apart from other franchise opportunities in the hair care industry?

Floyd's 99 Barbershop stands out for its unique positioning in the market, offering high-quality hair care services in a rock 'n' roll-inspired environment that appeals to a diverse clientele. The brand's strong culture, loyal customer base, and emphasis on creating a unique experience for both clients and staff set it apart from other franchise opportunities.

The Benefits of Investing in a Floyd's 99 Barbershop Franchise

Investing in a Floyd's 99 Barbershop franchise offers several compelling benefits, including:

1. Established Brand and Concept: As a franchisee, you'll benefit from operating under a well-established brand with a proven concept, allowing you to capitalize on the brand's reputation and loyal customer base.

2. Comprehensive Support: The franchisor provides thorough training, ongoing operational support, and marketing assistance, giving you the tools and knowledge needed to run a successful business.

3. Unique Positioning: Floyd's 99 Barbershop occupies a distinctive position in the market, catering to clients who seek high-quality hair care services in a fun and energetic environment, setting it apart from traditional barbershops or salons.

4. Growth Potential: With an increasing demand for high-quality, affordable hair care services, there is significant growth potential for Floyd's 99 Barbershop franchises, offering you the opportunity to tap into a thriving industry.

Final notions

Investing in a franchise is an important decision, and it's crucial to have all the necessary information to make an informed choice. With its unique positioning, comprehensive support, and strong brand appeal, a Floyd's 99 Barbershop franchise presents an exciting opportunity for potential investors in Knoxville, TN and beyond to enter the dynamic and thriving hair care industry.