Floyd's 99 Barbershops vs Phenix Salon Suites Franchise Comparison

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

Start-Up Costs and Fees

 
Floyd's 99 Barbershops Franchise
Phenix Salon Suites Franchise
Investment $294,000 - $642,000$308,130 - $1,387,420
Franchise Fee $45,000$49,500
Royalty Fee 6%$0.30/sq. ft.
Advertising Fee 2%$0.06/sq. ft.
Year Founded 20012007
Year Franchised 20052010
Term Of Agreement -7 years
Term Of Agreement -7 years
Renewal Fee --


Business Experience Requirements

 
Floyd's 99 Barbershops Franchise
Phenix Salon Suites Franchise
Experience --

Financing Options

 
Floyd's 99 Barbershops Franchise
Phenix Salon Suites Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
Floyd's 99 Barbershops Franchise
Phenix Salon Suites Franchise
Training -On-The-Job Training: 12 hours Classroom Training: 19 hours
Support -

*Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support

Marketing -Ad Templates National Media Regional Advertising Social media Website development
Operations -Absentee ownership is allowed

Expansion Plans

 
Floyd's 99 Barbershops Franchise
Phenix Salon Suites Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

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.


About Phenix Salon Suites

Phenix Salon Suites is the fastest growing "Salon Suite' concept in the US, and the only Salon Suite / Studio concept to make the top 500 Ranking by Entrepreneur Magazine. The company began expanding in 2012 and opened 26 new locations in 2012. The company has 75 new locations that will open during 2013 and over 300 locations are currently scheduled to be opened in the next couple of years. The rapid growth of Phenix Salon Suites has been through the "Salon Community". The Phenix Salon Suites difference is in truly understanding the Salon Professional and what they go through on a daily basis. After all, the founder of Phenix Salon Suites (Gina Rivera) still works in a suite several days a week as a Hair Dresser. A deep love and passion for the "Salon Industry" and truly caring for every Salon Professional that is part of the Phenix Salon Suites family is what we are about.
Phenix Salon Suites was founded by a family of Salon Professionals with over 75 years of experience in the Salon Industry. Salon Professionals used to only have two choices to provide their services to customers. One was to work on a commission basis and take home about 40% of their earnings or to work under a booth rent situation and still answer to a Salon Owner. Phenix Salon Suites pioneered a new vision in Colorado Springs, CO in 2007 and that was to give Salon Professionals the opportunity to run their own Salon Business at a fraction of the cost it takes to open a full fledged salon and for about the same amount that Salon Professionals pay for "Booth Rent". The concept was an immediate success and the founders began to expand their locations.You NOW have the opportunity to capitalize on this exciting concept and gain financial freedom.
The Right Concept
The Salon industry is a recession resistant $60 Billion Dollar industry. A Phenix Salon Suites Franchise gives you the unique opportunity to capitalize on this industry with absolutely no salon experience needed.
The Right Opportunity
You can now take control of your future and grow your own business. Spend more time with your family and enjoy financial freedom. Work smarter and not harder - most locations can be run by absentee owners.
A Phenix Salon Suites Franchise
*Salon Suites are the future in the Salon Industry
*Over 900,000 licensed salon professionals in the U.S. alone
*Absentee owner opportunity - most locations run themselves
*Much lower investment than many franchise opportunities
*Recession resistant industry
*Rewarding business opportunity
*Protected territories
*Low "Flat Rate" royalty
*You can keep your current job - IF YOU WANT

Seeking new franchise units in the U.S., Canada,and Western Europe    
Veteran Incentives  20% off franchise fee
"Entrepreneur
#138 in Franchise 500 for 2020.
#64 in Franchise 500 for 2021.