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Report Generated: April 01, 2026 Data Source: Official FDD Filing (2023)
See full cost breakdown →

Floyd's 99 Franchise: Cost, Earnings & Real FDD Data

Health & Beauty

Floyd's 99 is a contemporary barbershop franchise offering men's haircuts, grooming services, and styling in a trendy atmosphere. The brand combines skilled barbers with a rock-and-roll aesthetic to create a modern grooming experience.

Greenwood Village, CO · Founded 1999 · floyds99barbershop.com →

42.0
Below Average
N/A
Total Units
$506K
Median Revenue
N/A
Total Investment
N/A
Royalty Rate
$126K
Est. Profit
7.1%
Closure Rate

The Floyd's 99 franchise in the Health & Beauty category. This report analyzes the full Franchise Disclosure Document including unit economics, fee structure, growth trends, and risk indicators to help you evaluate the cost of investing in Floyd's 99.

Key Takeaways

Growth Signal
Net -19 units over 4 years (declining)
Financial Disclosure
This brand discloses financial performance data (Item 19)

Deal Breakers 2 flags detected

Critical issues identified from FDD analysis that warrant serious consideration before investing.

System Shrinking by 59%
The franchise went from 32 to 13 units — a net loss of 19 locations. A shrinking system may indicate franchisee dissatisfaction, poor unit economics, or brand decline.
Question to ask the franchisor:
What is driving the unit losses? Are closures voluntary or forced? What is the company doing to reverse the trend?
Closure Rate of 7.1%
An average of 7.1% of franchise units close each year. The industry average is around 2-3%. High closure rates often signal poor unit-level economics.
Question to ask the franchisor:
What are the primary reasons franchisees close? What support does the franchisor provide to struggling units?

Franchise Breakdown Score 42.0/100 · Below Average

Composite quality score based on growth, stability, efficiency, fees, transparency, and system size.

Unit Growth
3/20
Stability
3/20
Investment Efficiency
10/20
Fee Reasonableness
12/15
Transparency
10/10
System Size
4/15

3 Floyd's 99 Franchise Revenue & Earnings (Item 19) Item 19 Available FDD Item 19

Financial performance data as disclosed in FDD Item 19.

$506K
Median Revenue
View all disclosed financial metrics (182 rows)
Annual Net Revenue for 2020, 2021 and 2022 (42 rows)
Metric Value Unit Cohort Period
Average $963,324 USD Franchised 2022
High $1,832,142 USD Franchised 2022
Median $924,125 USD Franchised 2022
Low $407,781 USD Franchised 2022
Number 17.0 COUNT Franchised - Shops Exceeding the Average 2022
Percentage 44.0% PCT Franchised - Shops Exceeding the Average 2022
Number of Shops 39.0 COUNT Franchised 2022
Average $865,728 USD Franchised 2021
High $1,656,250 USD Franchised 2021
Median $880,958 USD Franchised 2021
Low $344,503 USD Franchised 2021
Number 15.0 COUNT Franchised - Shops Exceeding the Average 2021
Percentage 50.0% PCT Franchised - Shops Exceeding the Average 2021
Number of Shops 30.0 COUNT Franchised 2021
Average $670,017 USD Franchised 2020
High $1,180,483 USD Franchised 2020
Median $688,431 USD Franchised 2020
Low $206,196 USD Franchised 2020
Number 14.0 COUNT Franchised - Shops Exceeding the Average 2020
Percentage 52.0% PCT Franchised - Shops Exceeding the Average 2020
Number of Shops 27.0 COUNT Franchised 2020
Average $837,177 USD Company-Owned 2022
High $1,542,186 USD Company-Owned 2022
Median $814,707 USD Company-Owned 2022
Low $285,128 USD Company-Owned 2022
Number 35.0 COUNT Company-Owned - Shops Exceeding the Average 2022
Percentage 47.0% PCT Company-Owned - Shops Exceeding the Average 2022
Number of Shops 74.0 COUNT Company-Owned 2022
Average $690,993 USD Company-Owned 2021
High $1,328,562 USD Company-Owned 2021
Median $680,601 USD Company-Owned 2021
Low $288,672 USD Company-Owned 2021
Number 35.0 COUNT Company-Owned - Shops Exceeding the Average 2021
Percentage 48.0% PCT Company-Owned - Shops Exceeding the Average 2021
Number of Shops 73.0 COUNT Company-Owned 2021
Average $554,394 USD Company-Owned 2020
High $1,111,112 USD Company-Owned 2020
Median $522,970 USD Company-Owned 2020
Low $227,829 USD Company-Owned 2020
Number 34.0 COUNT Company-Owned - Shops Exceeding the Average 2020
Percentage 44.0% PCT Company-Owned - Shops Exceeding the Average 2020
Number of Shops 77.0 COUNT Company-Owned 2020
Mature Barbershops Annual Client Count for 2020, 2021 and 2022 (42 rows)
Metric Value Unit Cohort Period
Average 28493.0 COUNT Franchised 2022
High 56930.0 COUNT Franchised 2022
Median 27081.0 COUNT Franchised 2022
Low 11496.0 COUNT Franchised 2022
Number 16.0 COUNT Franchised - Shops Exceeding the Average 2022
Percentage 41.0% PCT Franchised - Shops Exceeding the Average 2022
Number of Shops 39.0 COUNT Franchised 2022
Average 29347.0 COUNT Franchised 2021
High 64414.0 COUNT Franchised 2021
Median 29356.0 COUNT Franchised 2021
Low 10302.0 COUNT Franchised 2021
Number 15.0 COUNT Franchised - Shops Exceeding the Average 2021
Percentage 50.0% PCT Franchised - Shops Exceeding the Average 2021
Number of Shops 30.0 COUNT Franchised 2021
Average 23550.0 COUNT Franchised 2020
High 44429.0 COUNT Franchised 2020
Median 25022.0 COUNT Franchised 2020
Low 6683.0 COUNT Franchised 2020
Number 15.0 COUNT Franchised - Shops Exceeding the Average 2020
Percentage 56.0% PCT Franchised - Shops Exceeding the Average 2020
Number of Shops 27.0 COUNT Franchised 2020
Average 22808.0 COUNT Company-Owned 2022
High 48001.0 COUNT Company-Owned 2022
Median 22391.0 COUNT Company-Owned 2022
Low 8039.0 COUNT Company-Owned 2022
Number 45.0 COUNT Company-Owned - Shops Exceeding the Average 2022
Percentage 61.0% PCT Company-Owned - Shops Exceeding the Average 2022
Number of Shops 74.0 COUNT Company-Owned 2022
Average 20875.0 COUNT Company-Owned 2021
High 44553.0 COUNT Company-Owned 2021
Median 19776.0 COUNT Company-Owned 2021
Low 9646.0 COUNT Company-Owned 2021
Number 46.0 COUNT Company-Owned - Shops Exceeding the Average 2021
Percentage 63.0% PCT Company-Owned - Shops Exceeding the Average 2021
Number of Shops 73.0 COUNT Company-Owned 2021
Average 17489.0 COUNT Company-Owned 2020
High 38245.0 COUNT Company-Owned 2020
Median 16481.0 COUNT Company-Owned 2020
Low 6881.0 COUNT Company-Owned 2020
Number 41.0 COUNT Company-Owned - Shops Exceeding the Average 2020
Percentage 53.0% PCT Company-Owned - Shops Exceeding the Average 2020
Number of Shops 77.0 COUNT Company-Owned 2020
Mature Barbershops Average Ticket for 2020, 2021 and 2022 (42 rows)
Metric Value Unit Cohort Period
Average $34 USD Franchised 2022
High $39 USD Franchised 2022
Median $34 USD Franchised 2022
Low $31 USD Franchised 2022
Number 20.0 COUNT Franchised - Shops Exceeding the Average 2022
Percentage 51.0% PCT Franchised - Shops Exceeding the Average 2022
Number of Shops 39.0 COUNT Franchised 2022
Average $30 USD Franchised 2021
High $35 USD Franchised 2021
Median $30 USD Franchised 2021
Low $26 USD Franchised 2021
Number 18.0 COUNT Franchised - Shops Exceeding the Average 2021
Percentage 60.0% PCT Franchised - Shops Exceeding the Average 2021
Number of Shops 30.0 COUNT Franchised 2021
Average $28 USD Franchised 2020
High $35 USD Franchised 2020
Median $29 USD Franchised 2020
Low $26 USD Franchised 2020
Number 15.0 COUNT Franchised - Shops Exceeding the Average 2020
Percentage 56.0% PCT Franchised - Shops Exceeding the Average 2020
Number of Shops 27.0 COUNT Franchised 2020
Average $37 USD Company-Owned 2022
High $42 USD Company-Owned 2022
Median $37 USD Company-Owned 2022
Low $32 USD Company-Owned 2022
Number 38.0 COUNT Company-Owned - Shops Exceeding the Average 2022
Percentage 51.0% PCT Company-Owned - Shops Exceeding the Average 2022
Number of Shops 74.0 COUNT Company-Owned 2022
Average $33 USD Company-Owned 2021
High $38 USD Company-Owned 2021
Median $33 USD Company-Owned 2021
Low $29 USD Company-Owned 2021
Number 35.0 COUNT Company-Owned - Shops Exceeding the Average 2021
Percentage 48.0% PCT Company-Owned - Shops Exceeding the Average 2021
Number of Shops 73.0 COUNT Company-Owned 2021
Average $32 USD Company-Owned 2020
High $37 USD Company-Owned 2020
Median $32 USD Company-Owned 2020
Low $28 USD Company-Owned 2020
Number 39.0 COUNT Company-Owned - Shops Exceeding the Average 2020
Percentage 51.0% PCT Company-Owned - Shops Exceeding the Average 2020
Number of Shops 77.0 COUNT Company-Owned 2020
Mature Franchised Barbershops Operating Profit (EBITDA) for 2022 (7 rows)
Metric Value Unit Cohort Period
Average $182,586 USD Franchised 2022
High $459,824 USD Franchised 2022
Median $175,418 USD Franchised 2022
Low $35,242 USD Franchised 2022
Number 15.0 COUNT Franchised - Shops Exceeding the Average 2022
Percentage 43.0% PCT Franchised - Shops Exceeding the Average 2022
Number of Shops 35.0 COUNT Franchised 2022
New Barbershops Annual Net Revenue, Operating Profit (EBITDA), Annual Client Count and Average Ticket (49 rows)
Metric Value Unit Cohort Period
Average $609,982 USD Franchised Shop Annual Net Revenue 2022
High $1,127,767 USD Franchised Shop Annual Net Revenue 2022
Median $505,564 USD Franchised Shop Annual Net Revenue 2022
Low $352,940 USD Franchised Shop Annual Net Revenue 2022
Number 3.0 COUNT Franchised Shop Annual Net Revenue - Shops Exceeding the Average 2022
Percentage 37.5% PCT Franchised Shop Annual Net Revenue - Shops Exceeding the Average 2022
Number of Shops 8.0 COUNT Franchised Shop Annual Net Revenue 2022
Average $216,952 USD Company-Owned Shop Annual Net Revenue 2022
High $216,952 USD Company-Owned Shop Annual Net Revenue 2022
Median $216,952 USD Company-Owned Shop Annual Net Revenue 2022
Low $216,952 USD Company-Owned Shop Annual Net Revenue 2022
Number 0.0 COUNT Company-Owned Shop Annual Net Revenue - Shops Exceeding the Average 2022
Percentage 0.0% PCT Company-Owned Shop Annual Net Revenue - Shops Exceeding the Average 2022
Number of Shops 1.0 COUNT Company-Owned Shop Annual Net Revenue 2022
Average $76,660 USD Franchised Shop Operating Profit (EBITDA) 2022
High $262,711 USD Franchised Shop Operating Profit (EBITDA) 2022
Median $75,744 USD Franchised Shop Operating Profit (EBITDA) 2022
Low $-52,564 USD Franchised Shop Operating Profit (EBITDA) 2022
Number 4.0 COUNT Franchised Shop Operating Profit (EBITDA) - Shops Exceeding the Average 2022
Percentage 50.0% PCT Franchised Shop Operating Profit (EBITDA) - Shops Exceeding the Average 2022
Number of Shops 8.0 COUNT Franchised Shop Operating Profit (EBITDA) 2022
Average 18091.0 COUNT Franchised Shop Client Count 2022
High 34763.0 COUNT Franchised Shop Client Count 2022
Median 15218.0 COUNT Franchised Shop Client Count 2022
Low 10080.0 COUNT Franchised Shop Client Count 2022
Number 3.0 COUNT Franchised Shop Client Count - Shops Exceeding the Average 2022
Percentage 37.5% PCT Franchised Shop Client Count - Shops Exceeding the Average 2022
Number of Shops 8.0 COUNT Franchised Shop Client Count 2022
Average 6589.0 COUNT Company-Owned Shop Client Count 2022
High 6589.0 COUNT Company-Owned Shop Client Count 2022
Median 6589.0 COUNT Company-Owned Shop Client Count 2022
Low 6589.0 COUNT Company-Owned Shop Client Count 2022
Number 0.0 COUNT Company-Owned Shop Client Count - Shops Exceeding the Average 2022
Percentage 0.0% PCT Company-Owned Shop Client Count - Shops Exceeding the Average 2022
Number of Shops 1.0 COUNT Company-Owned Shop Client Count 2022
Average $34 USD Franchised Shop Average Ticket 2022
High $38 USD Franchised Shop Average Ticket 2022
Median $34 USD Franchised Shop Average Ticket 2022
Low $31 USD Franchised Shop Average Ticket 2022
Number 4.0 COUNT Franchised Shop Average Ticket - Shops Exceeding the Average 2022
Percentage 50.0% PCT Franchised Shop Average Ticket - Shops Exceeding the Average 2022
Number of Shops 8.0 COUNT Franchised Shop Average Ticket 2022
Average $33 USD Company-Owned Shop Average Ticket 2022
High $33 USD Company-Owned Shop Average Ticket 2022
Median $33 USD Company-Owned Shop Average Ticket 2022
Low $33 USD Company-Owned Shop Average Ticket 2022
Number 0.0 COUNT Company-Owned Shop Average Ticket - Shops Exceeding the Average 2022
Percentage 0.0% PCT Company-Owned Shop Average Ticket - Shops Exceeding the Average 2022
Number of Shops 1.0 COUNT Company-Owned Shop Average Ticket 2022

$ Estimated Unit Profitability Industry Benchmark Estimate

Estimated using industry benchmarks for the Health & Beauty category. Actual costs vary significantly by location, operator, and market.

$506K
Gross Revenue
$379K
Total Costs
$126K
Owner's Profit (25.0%)
View detailed P&L breakdown
Line Item Amount % of Revenue
Gross Revenue $505,564 100%
COGS $-75,835 15%
Labor $-176,947 35%
Occupancy $-60,668 12%
Marketing $-25,278 5%
Other Costs $-40,445 8%
Royalty Fee (franchisor) $-0 0%
Ad Fund Fee (franchisor) $-0 0%
Owner's Profit $126,391 25.0%

4 Risk Assessment

Automated risk indicators based on FDD data analysis.

!
High Closure Rate
Average closure rate of 7.1% exceeds 5% threshold. This indicates higher-than-typical franchise turnover.
Declining Unit Count
Net -19 units over 4 years (-59.4%). The franchise system is contracting.
Financial Data Disclosed
This franchisor provides Item 19 financial performance representations, enabling better due diligence.

5 Floyd's 99 Failure Rate & Unit Growth (Item 20) FDD Item 20

Franchise unit trajectory based on FDD Item 20 data.

Year Start Opened Closed Transferred End Closure Rate Net Growth
2019 32 +85 -- 0 40 -- --
2020 40 +56 -2 0 45 5.0% --
2021 45 +63 -20 0 49 44.4% --
2022 3 +13 -- -- 13 -- --
7.1%
Avg Closure Rate
4
Years of Data

6 Category Comparison Health & Beauty Brands

How Floyd's 99 compares to peer brands in the Health & Beauty category.

Investment Midpoint

Median Revenue (Item 19)

Investment-to-Revenue Ratio

Ratio = Investment midpoint ÷ median annual revenue. Lower is better. A 0.5x ratio means the initial investment equals half of one year's gross revenue. Does not account for operating costs, margins, or time value of money.

Brand Total Units Investment Range Median Revenue Royalty Inv/Rev Ratio
The Joint 950 $166K – $551K No Item 19 7.0% --
Stretch Zone -- $178K – $327K $508K -- 0.5x
Lindora -- $272K – $492K $71K 7.0% 5.4x
GNC -- $188K – $507K $476K 6.0% 0.7x
Elements Massage -- $516K – $730K No Item 19 6.0% --
LaVida Massage -- $313K – $530K $1.57M 5.0% 0.3x
Floyd's 99 -- -- No Item 19 -- --
Radiant Waxing -- $388K – $555K No Item 19 6.0% --
Palm Beach Tan -- $648K – $1.13M $497K 6.0% 1.8x
Pearle Vision -- $699K – $1.34M $1K 7.0% 712.5x

SBA Loan Data 2019–2026

SBA 7(a) loan approvals for Floyd's 99 franchisees from the SBA FOIA public dataset. Lenders report franchise codes at origination — this is real lending activity, not estimates.

$8M
Total SBA Approved
12
SBA Loans
$634K
Avg Loan Size
0.0%
Default Rate
Active Lending States 7
Distinct Lenders 4
Jobs Supported 712
Top Lending States
CO 3 TX 2 SC 2 NC 2 TN 1
Annual SBA Loan Volume

Source: SBA FOIA 7(a) public data. Franchise codes matched by brand name. Not all SBA loans are captured; some franchisees finance without SBA programs.

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