What was the average revenue for franchised Floyds 99 shops in 2024?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchised | Average | High | Median | Low | Shops Exceeding the Average | Number of Shops | |
|---|---|---|---|---|---|---|---|
| Number | Percentage | ||||||
| 2024 | $980,036 | $1,916,734 | $954,156 | $395,225 | 17 | 40% | 43 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 49–53)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the average annual net revenue for mature franchised barbershops in 2024 was $980,036. This data is based on the performance of 43 mature franchised shops, defined as those in operation for at least two years as of the first day of the year. It's important to note that this figure represents the average; individual shops' revenues varied, with the highest-performing shop generating $1,916,734 and the lowest generating $395,225. 40% of the shops, or 17 locations, exceeded the average revenue.
This financial performance representation provides prospective franchisees with insight into the potential revenue generation of a Floyds 99 franchise. However, it is essential to understand that past performance is not necessarily indicative of future results. Factors such as location, market conditions, and the franchisee's management skills can significantly impact a shop's revenue. The FDD also notes that four franchised barbershops closed in 2024, which is important to consider when evaluating potential revenue.
Floyds 99 excludes revenue from shops open less than one year from this data. The franchisor also indicates that the information for franchised Barbershops was obtained from franchisees' point of sale systems. The FDD also specifies that "Annual Net Revenue" means all revenue from a Barbershop in the specified year less discounts approved by Floyds 99 in advance but excluding any sales taxes.
Prospective franchisees should carefully review the complete Item 19 in the FDD and consider these figures in conjunction with other relevant factors, including the initial investment required, ongoing fees, and local market conditions. It is also advisable to conduct thorough due diligence, including speaking with existing franchisees, to gain a comprehensive understanding of the potential financial performance of a Floyds 99 franchise.