What was the median revenue for franchised 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 |
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 revenue for franchised Mature Barbershops in 2022 was $924,125. This data is based on the performance of 39 franchised shops that had been in operation for at least two years as of the first day of 2022. This figure represents the midpoint of the revenue range, meaning half of the shops earned more than this amount, and half earned less. The average revenue for these shops in 2022 was $963,324, with 17 shops exceeding this average, representing 44% of the total. The highest revenue achieved by a franchised shop in 2022 was $1,832,142, while the lowest was $407,781.
It's important to note that these figures pertain to "Mature Barbershops," defined as those open for at least two years. New franchisees should not expect to achieve these revenue levels immediately. The FDD also excludes shops open for less than one year, so the performance of very new shops is not reflected in this data. Additionally, one franchised Mature Barbershop was excluded from the data because it was a non-traditional shop in a captive audience facility with limited capacity.
Prospective franchisees should consider these figures as a general indication of potential revenue, but individual results may vary. Floyds 99 explicitly states that there is no assurance that a franchisee will earn as much as the figures presented. Factors such as location, management skills, local market conditions, and competition can significantly impact a shop's financial performance. It is advisable to conduct thorough due diligence and possibly consult with existing franchisees to gain a more realistic understanding of potential earnings.