What was the lowest revenue for a Floyds 99 franchised shop in 2023?
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 |
| 2023 | $963,298 | $1,965,057 | $944,344 | $333,229 | 17 | 41% | 41 |
| 2022 | $963,324 | $1,832,142 | $924,125 | $407,781 | 17 | 44% | 39 |
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 lowest annual net revenue for a mature franchised barbershop in 2023 was $333,229. This data is based on the performance of 41 mature barbershops, defined as those in operation for at least two years as of the first day of the year. This figure represents the lowest revenue among this specific subset of Floyds 99 franchises.
It's important to note that this is a historical financial performance representation, and Floyds 99 indicates that individual results may vary. There is no guarantee that a new franchisee will achieve the same level of revenue. The FDD also specifies that "Annual Net Revenue" includes all revenue from a Barbershop in the specified year less discounts approved by Floyds 99 in advance, but excluding any sales taxes.
A prospective franchisee should consider this low revenue figure as a potential downside scenario. While some shops exceeded the average revenue of $963,298, a significant number likely performed closer to or below the median of $944,344. Understanding the factors that contribute to both high and low performance is crucial during the due diligence process. Factors such as location, local market conditions, management skills, and operating expenses can significantly impact a shop's revenue.
Floyds 99 also states that written substantiation of the data presented in the financial performance representation will be made available to you upon reasonable request. Therefore, it would be prudent for a potential franchisee to request and review this substantiation to gain a deeper understanding of the data and its underlying assumptions.