Start-Up Costs and Fees |
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| Snip-Its | Floyd's 99 Barbershops | |
| Investment | 124595 - 220375 | 294000 - 642000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1992 | 2001 |
| Year Franchised | 2003 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Snip-Its | Floyd's 99 Barbershops | |
| Experience | General business experience | |
Financing Options |
||
| Snip-Its | Floyd's 99 Barbershops | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Snip-Its | Floyd's 99 Barbershops | |
| Training | On-The-Job Training: 80 hours Classroom Training: 34 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 | |
Expansion Plans |
||
| Snip-Its | Floyd's 99 Barbershops | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Snip-Its | |
| Floyd's 99 Barbershops | |
| Franchise Fee | |
| Snip-Its | |
| Floyd's 99 Barbershops | |
| Royalty Fee | |
| Snip-Its | 6% |
| Floyd's 99 Barbershops | 6% |
| Advertising Fee | |
| Snip-Its | 2% |
| Floyd's 99 Barbershops | 2% |
| Year Founded | |
| Snip-Its | 1992 |
| Floyd's 99 Barbershops | 2001 |
| Year Franchised | |
| Snip-Its | 2003 |
| Floyd's 99 Barbershops | 2005 |
| Term Of Agreement | |
| Snip-Its | 10 years |
| Floyd's 99 Barbershops | |
| Renewal Fee | |
| Snip-Its | 25% of initial fee |
| Floyd's 99 Barbershops | |
Business Experience Requirements |
|
| Experience | |
| Snip-Its | General business experience |
| Floyd's 99 Barbershops | |
Financing Options |
|
| Franchise Fees | |
| Snip-Its | No |
| Floyd's 99 Barbershops | No |
| Start-up Costs | |
| Snip-Its | |
| Floyd's 99 Barbershops | |
| Equipment | |
| Snip-Its} | |
| Floyd's 99 Barbershops | |
| Inventory | |
| Snip-Its | |
| Floyd's 99 Barbershops | |
| Receivables | |
| Snip-Its | |
| Floyd's 99 Barbershops | |
| Payroll | |
| Snip-Its | |
| Floyd's 99 Barbershops | |
Training & Support |
|
| Training | |
| Snip-Its | On-The-Job Training: 80 hours Classroom Training: 34 hours |
| Floyd's 99 Barbershops | |
| Support | |
| Snip-Its | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Floyd's 99 Barbershops | |
| Marketing | |
| Snip-Its | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Floyd's 99 Barbershops | |
| Operations | |
| Snip-Its | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 |
| Floyd's 99 Barbershops | |
Expansion Plans |
|
| US Expansion | |
| Snip-Its | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Floyd's 99 Barbershops | |
| Canada Expansion | |
| Snip-Its | |
| Floyd's 99 Barbershops | 0 |
| International Expansion | |
| Snip-Its | |
| Floyd's 99 Barbershops | |