For franchised Floyds 99 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 mature franchised 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; individual shops may have performed better or worse. The highest revenue among these shops reached $1,916,734, while the lowest was $395,225.
Of the 43 mature franchised shops included in the analysis, 17, or 40%, exceeded the average revenue of $980,036. The median revenue, which represents the midpoint in the distribution, was $954,156. This indicates that half of the shops earned more than this amount, and half earned less. The FDD 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.
It is important to consider that four franchised barbershops closed in 2024, but their performance data is not included in this chart. Prospective franchisees should also remember the standard franchise disclaimer: Some outlets have earned this much, but individual results may differ, and there is no assurance that you will earn as much. This data provides a general overview of financial performance, but success can vary based on location, management, and other factors.