Great Clips vs Floyd's 99 Barbershops Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Great Clips vs Floyd's 99 Barbershops including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Great Clips Franchise
Floyd's 99 Barbershops Franchise
Investment $146,900 - $282,400$294,000 - $642,000
Franchise Fee $20,000$45,000
Royalty Fee 6%6%
Advertising Fee 5%2%
Year Founded 19822001
Year Franchised 19832005
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1.75K-


Business Experience Requirements
 
Great Clips Franchise
Floyd's 99 Barbershops Franchise
Experience
  • Marketing skills
  • Strong management & leadership skills
    		• -

    Financing Options
     
    Great Clips Franchise
    Floyd's 99 Barbershops Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Great Clips Franchise
    Floyd's 99 Barbershops Franchise
    Training --
    Support Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising-
    Operations

    Number of employees needed to run franchised unit: 8 - 10

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Great Clips Franchise
    Floyd's 99 Barbershops Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Great Clips

    Established in 1982, Great Clips started franchising in 1983 and now has locations throughout the United States and Canada. Usually located in strip malls,
    Great Clips hair salons are open evenings and weekends and do not require appointments. On average, franchisees operate three units. Great Clips sponsors NASCAR Busch Series driver Kasey Kahne. The company has also partnered with General Mills, Sprint, Best Buy, Blockbuster, Coca-Cola, Hasbro and DreamWorks.

    The total investment necessary to begin operation of a Great Clips franchise is from $146,900 to $282,400. This includes $25,250 to $30,000 that must be paid to Great Clips or an affiliate for a single franchise agreement, and $40,250 to $45,000 that must be paid to Great Clips or an affiliate for the first salon you develop under a Three Star Program Agreement.
    If you sign a Master Development Agreement, you also must pay to Great Clips or an affiliate a Development Fee of $4,000 for each salon you agree to develop, which would amount to $8,000 to $40,000 if you were granted the right to develop between two and 10 salons.
    Veteran Incentives
    $5,000 rebate on first-store franchise fee

    "Top  ""       "Entrepreneur

    #59 in Canada's Top franchises.

    "franchiserankingscom"
    #35 on Franchise Rankings.com
    #15 in Franchise 500 for 2020.
    #13 in Franchise 500 for 2021.






    About Floyd's 99 Barbershops

    Floyd's 99 Barbershop is an on-trend offering that has a commitment to quality; quality service, quality employee relations and quality facilities. It's a proven success in corporate markets in Denver, Colorado and Los Angeles, California and is growing nationwide through franchising.
    With Floyd's 99, you are part of a team poised for long-term success, and we are here to help.
    Floyd's 99 Barbershop is offering the opportunity to be a part of our successful franchise that's different, edgy, and just plain DAMN cool. Our shops are designed to have a fun, engaging neighborhood hangout feel with great music, high energy, and a full menu of services for men and women. This, along with our proven set of service standards, is what makes Floyd’s 99 one of a kind in the industry.

    "Entrepreneur
    #416 in Franchise 500 for 2020.