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Below is an in-depth analysis and side-by-side comparison of Floyd's 99 Barbershops vs Roosters Men's Grooming Centers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $294,000 - $642,000 | $203,250 - $342,350 |
Franchise Fee | $45,000 | $39,500 |
Royalty Fee | 6% | 4% - 6% |
Advertising Fee | 2% | 1% |
Year Founded | 2001 | 1999 |
Year Franchised | 2005 | 2002 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | On-The-Job Training: 40-56 hours Classroom Training: 50-60 hours |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
Marketing | - | Ad Templates Regional Advertising Social media SEO |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 6 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | Yes |
International Expansion | - | - |
The barbershop was an American cultural icon from the early twentieth century through the late 1960s. For generations, men went to barbershops for a fine haircut and to enjoy great conversations with the barber and fellow clients. Barbers were held in as high esteem as doctors, growing strong, personal relationships with their clients that lasted a lifetime.
The Unisex Solution
As men's style changed, the unisex craze swept across America and barbershops almost disappeared. Men's choices were limited to salons that were devoid of everything they enjoyed about getting a haircut.
Interesting conversation and personal relationships were replaced by cold plastic seats, unpleasant chemical smells, and awkward periods of silence. Stylists often clipped away at lightning speed to move from one client to the next as quickly as possible.
The Barbershop Returns
After more than thirty years of decline, barbering and barbershops are making a comeback. In fact, barbershops are on the rise and growing faster than beauty salons.
* According to U.S. 2000 census statistics, barbering volume grew by at least 10% between 1996 and 2000.