What was the median revenue for Floyds 99 company-owned shops in 2022?
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 |
| Company- | Average | High | Median | Low | Shops Exceeding the | Percentage | Number |
| Owned | Average Number | of Shops | |||||
| 2024 | $867,943 | $1,523,875 | $869,460 | $274,022 | 36 | 50% | 72 |
| 2023 | $883,474 | $1,496,578 | $886,243 | $308,400 | 35 | 48% | 73 |
| 2022 | $837,177 | $1,542,186 | $814,707 | $285,128 | 35 | 47% | 74 |
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 median annual net revenue for company-owned mature barbershops in 2022 was $814,707. This data is based on the performance of 74 company-owned shops that had been in operation for at least two years as of the first day of 2022. The FDD specifies that "Annual Net Revenue" includes all revenue from a barbershop, less approved discounts and excluding sales taxes.
It's important to note that this figure represents the median, meaning half of the company-owned shops generated more revenue and half generated less. The average annual net revenue for these shops in 2022 was $837,177, with the highest performing shop reaching $1,542,186. 35 of the 74 shops, or 47%, exceeded the average revenue. The lowest performing shop still generated $285,128 in revenue.
As a prospective franchisee, it is crucial to understand that these figures are historical and do not guarantee future performance. Floyds 99 explicitly states, "Some outlets have earned this much. Your individual results may differ. There is no assurance that you will earn as much." Factors such as location, competition, management skills, and local market conditions can significantly impact a franchisee's financial results.
Floyds 99 also clarifies that they do not authorize employees or representatives to make any financial performance representations beyond what is included in the FDD. If a potential franchisee receives any other financial performance information or projections, they should report it to Floyds 99 Franchising, LLC, the Federal Trade Commission, and the appropriate state regulatory agencies. This is a standard disclaimer in franchise agreements, intended to protect both the franchisor and franchisee from unrealistic expectations or misleading claims.