What was the median revenue for company-owned Floyds 99 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 beginning of 2022. The average revenue for these shops was $837,177, with the highest revenue reaching $1,542,186 and the lowest at $285,128.
It's important to note that 47% of the company-owned shops, or 35 out of 74, exceeded the average revenue. This indicates a wide range of performance among the shops, and the median revenue provides a more representative figure of the typical performance. The FDD 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 sales taxes.
As with all financial performance representations, Floyds 99 includes a disclaimer that individual results may vary, and there is no assurance that a franchisee will achieve similar revenue. Prospective franchisees should carefully consider these figures, along with other factors such as location, market conditions, and their own management capabilities, when evaluating the potential financial performance of a Floyds 99 franchise. Reviewing the complete Item 19 and requesting substantiation of the data is recommended.