Franchise Buying Guide | Buying A Franchise Cost

Buying A Franchise Cost in Hartford, CT

Are you considering investing in a franchise in the hair care industry? Floyd's 99 Barbershop is a reputable national franchises chain that promises an amplified experience - more than just a haircut. With our consistent high-quality haircare services, we have successfully bridged the gap between discount cut-shops and high-end salons, earning the love and loyalty of clients, barbers, stylists, and entrepreneurs alike.

Here's everything you need to know about purchasing a Floyd's 99 Barbershop franchise in Hartford, CT.

Franchise Costs

As you delve into the exciting world of franchise ownership, knowing the costs involved is essential to make an informed decision. When considering the purchase of a Floyd's 99 Barbershop franchise, it's important to take into account the following costs:

Initial Franchise Fee:

The initial franchise fee for a Floyd's 99 Barbershop franchise covers the right to operate under the brand, receive training, and benefit from ongoing support. It is a one-time payment due upon signing the franchise agreement.

Investment Range:

The total investment range to open a Floyd's 99 Barbershop franchise typically encompasses various costs, including real estate, construction, equipment, inventory, and marketing expenses. Understanding the investment range in its entirety allows potential franchisees to plan and secure funding effectively.

Royalty Fees:

Franchisees are required to pay ongoing royalty fees, typically calculated as a percentage of gross sales, to the franchisor. This fee contributes to the ongoing support and services provided by the franchisor.

Advertising Fees:

In addition to royalty fees, franchisees contribute to marketing and advertising efforts through a designated advertising fee. This fee ensures brand visibility and supports nationwide marketing initiatives.

Additional Costs:

There may be other costs associated with running a Floyd's 99 Barbershop franchise, such as insurance, staffing, and operational expenses. Understanding and budgeting for these additional costs is critical for long-term success.

Financing and Support

Floyd's 99 Barbershop is committed to supporting potential franchisees throughout the financing process. From securing funding to comprehensive training and ongoing operational assistance, our team is dedicated to ensuring that franchisees have the necessary resources to thrive. Some key financing and support features include:

Preferred Lenders:

We work with preferred lenders who understand the unique financing needs of franchisees, making the funding process more streamlined and accessible.

Training and Orientation:

Floyd's 99 Barbershop provides thorough training and orientation programs to equip franchisees with the knowledge and skills needed to operate a successful location. From operational best practices to customer service excellence, our training programs cover essential aspects of running a franchise.

Operational Support:

Franchisees benefit from ongoing operational support, including access to established business processes, marketing strategies, and industry insights. This ensures that franchisees can focus on delivering exceptional experiences to their customers.

Profitability and Growth Potential

Investing in a Floyd's 99 Barbershop franchise presents a compelling opportunity for profitability and growth. With a strong brand presence, a track record of success, and a growing industry, the growth potential of a Floyd's 99 Barbershop franchise is substantial. Here are some factors contributing to the profitability and growth potential:

Robust Industry:

The hair care industry is valued at 64 billion as of 2024, offering significant opportunities for growth and market share. As a Floyd's 99 Barbershop franchisee, you can tap into this thriving industry with a recognized and trusted brand.

Recurring Revenue:

Haircare services often result in repeat business, providing a source of recurring revenue for franchisees. The loyal customer base and high-quality services offered by Floyd's 99 Barbershop contribute to sustainable and long-term profitability.

Brand Recognition:

Floyd's 99 Barbershop is a well-known and respected brand in the industry, with a strong following of customers seeking superior haircare experiences. Joining the Floyd's 99 Barbershop family provides instant brand recognition and credibility in the marketplace.

Innovative Offerings:

Our shops offer more than traditional barbershops, with a focus on delivering an amplified experience to customers. With a range of services and a distinct positioning in the market, franchisees have the opportunity to captivate and retain a diverse customer base.

Start A Franchise

Investing in a Floyd's 99 Barbershop franchise in Hartford, CT, is a strategic and rewarding decision for potential franchisees seeking to enter the dynamic hair care industry. With a clear knowing of franchise costs, financing support, and growth potential, entrepreneurs can confidently embark on their journey as franchise owners, backed by a trusted and established brand.

Take the first step toward owning a Floyd's 99 Barbershop franchise and join a network dedicated to delivering exceptional haircare experiences and driving business success.