How to Open a Franchise | How To Open A Franchise

How To Open A Franchise in Chattanooga, TN

Looking to invest in a thriving industry? Consider opening a franchise with Floyd's 99 Barbershop, a leading national chain that offers an amplified experience beyond just a haircut.

Here's how you can open a franchise with Floyd's 99 Barbershop and be a part of the 64 billion hair care industry.

Why Choose a Franchise

- Join a Thriving Industry: The hair care industry is valued at 64 billion as of 2024, making it a lucrative investment opportunity.

- Proven Success: Floyd's 99 Barbershop has excelled at consistently providing high-quality hair care services, carving out a differentiated spot between discount cut-shops and high-end salons.

- Established Brand: As a franchisee, you'll benefit from the established reputation and brand recognition of Floyd's 99 Barbershop, giving you a competitive edge in the market.

- Support and Guidance: Franchisees receive comprehensive support and guidance from the corporate team, including training, marketing assistance, and operational support.

Steps to Open a Franchise

1. Research and Evaluation:

- Explore the Market: Start by researching the hair care industry in Chattanooga, TN, to understand the local demand and competition.

- Financial Evaluation: Assess your financial situation and determine the initial investment required to open a Floyd's 99 Barbershop franchise.

2. Contact the Franchisor:

- Initiate the Conversation: Reach out to Floyd's 99 Barbershop to express your interest in opening a franchise and request detailed information about the process.

- Attend Discovery Day: If available, attend a Discovery Day event to meet the corporate team, learn more about the franchise opportunity, and ask any questions you may have.

3. Review the Franchise Disclosure Document (FDD):

- Understanding the Terms: Carefully review the FDD provided by Floyd's 99 Barbershop, which contains important information about the franchise agreement, fees, and obligations.

- Seek Legal Advice: Consider hiring a lawyer with experience in franchise law to review the FDD and provide professional guidance.

4. Secure Financing:

- Financial Planning: Explore various financing options, including bank loans, Small Business Administration (SBA) loans, or other funding sources that align with your financial plan.

- Establishing Relationships: Build relationships with potential lenders to secure the necessary funding for your franchise investment.

5. Site Selection and Build-Out:

- Location Considerations: Work with the corporate team to identify a suitable location for your Floyd's 99 Barbershop franchise in Chattanooga, TN, considering factors such as foot traffic and demographics.

- Build-Out Process: Collaborate with approved contractors and vendors to execute the build-out of your franchise location according to Floyd's 99 Barbershop's branding and specifications.

6. Training and Operations:

- Training Program: Participate in the comprehensive training program provided by Floyd's 99 Barbershop to learn about operational protocols, customer service standards, and business management.

- Staff Recruitment: Recruit and hire a team of skilled barbers and stylists to deliver the high-quality services that Floyd's 99 Barbershop is known for.

7. Grand Opening and Marketing:

- Grand Opening Event: Plan and execute a memorable grand opening event to attract customers and generate buzz in the local community.

- Marketing Support: Utilize the marketing support provided by Floyd's 99 Barbershop to implement effective promotional strategies and drive customer engagement.

Barber Shop Franchise

Opening a franchise with Floyd's 99 Barbershop is an exciting opportunity to be part of a thriving industry and an established brand. By following these steps and leveraging the support provided by the corporate team, you can embark on a rewarding journey as a franchisee in the hair care sector.