For Floyds 99 franchised shops in 2024, what was the average revenue?
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 franchised mature barbershops in 2024 was $980,036. This data is based on 43 shops that had been in operation for at least two years as of the first day of 2024. It's important to note that this figure represents the average revenue for mature barbershops, and new barbershops or those operating for less than a year as of December 31, 2024, are excluded from this calculation.
In addition to the average, the FDD also provides information on the high, median, and low revenue figures for these franchised locations. The highest revenue achieved by a franchised shop in 2024 was $1,916,734, while the median revenue was $954,156, and the lowest was $395,225. Seventeen of the 43 shops, representing 40%, exceeded the average revenue of $980,036.
It is important to consider that these figures are historical financial performance representations and that individual results may vary. Floyds 99 explicitly states that there is no assurance that a new franchisee will earn as much as the reported averages. Prospective franchisees should also note the definition of "Annual Net Revenue," which includes all revenue from a barbershop in the specified year less discounts approved by Floyds 99 in advance, but excluding any sales taxes. Floyds 99 will provide written substantiation of the data presented in this financial performance representation upon reasonable request.