How Much Does a Floyd's 99 Franchise Cost?

The July 9, 2026 Franchise Disclosure Document states that the Total Estimated Initial Investment for one new FLOYD’S 99 Shop is $399,500 to $772,500. The system’s normal offer is a Development Agreement, not a stand-alone shop: the disclosed investment for the first shop plus a commitment to develop 2 to 10 shops is $449,000 to $942,000.

The 2026 Item 7 total includes the Initial Franchise Fee, premises and build-out, equipment, signage, technology, opening inventory, deposits and licenses, initial marketing, training travel, insurance, professional fees, and three months of Additional Funds. The line items are estimates for a new FLOYD’S 99 Shop, normally 1,200 to 1,600 square feet with approximately 10 to 12 barber chairs.

The lower premises estimate assumes a negotiated tenant-finish allowance; the upper estimate assumes no allowance. Both include three months of rent, and the FDD says actual build-out cost can fall below or exceed the range depending on square footage, remodel scope, HVAC, market, landlord terms, and local construction conditions.

The 2026 FDD does not require the entire investment in one payment. The Initial Franchise Fee or Development Fee is paid at agreement signing; construction, equipment, signage, technology, inventory, deposits, marketing, and training costs are paid in stages before opening; Additional Funds are then used during the first three months of operations.

Source: 2026 FDD, Item 7, pages 14–18; Item 8, page 20. The exact project schedule and third-party invoices vary by site and vendor.

The Development Agreement creates an additional upfront commitment because Floyd’s 99 Franchising, LLC reserves a geographic Development Area and requires at least two shops. The disclosed Development Fee is $99,000 for two shops and rises by $15,000 for each additional committed shop, reaching $219,000 for ten shops.

A single new shop may be awarded case by case, even though the 2026 FDD says the franchisor does not typically grant stand-alone rights. A Resale Shop has a different cost contract: the buyer negotiates an asset purchase price with the franchisor’s affiliate and does not incur the same new-build premises, equipment, signs, POS, opening inventory, or initial marketing costs. The resale investment still may include an Initial Franchise Fee or Development Fee, rent, training travel, deposits, licenses, insurance, professional fees, and Additional Funds. The FDD gives no standard resale range. Source: 2026 FDD, Item 1, pages 2–3; Item 5, page 8; Item 7, page 19.

The principal continuing percentage fee is a 6% Royalty on Gross Sales, paid weekly. Marketing obligations include a National Marketing Contribution and a separate Local Advertising Allocation. The system also has recurring technology, network, POS, and phone charges paid to designated suppliers or collected for them.

The combined National Marketing Contribution and Local Advertising Allocation cannot exceed 4% of Gross Sales. Gross Sales generally include all revenue from the Barbershop, including sales away from the premises, less qualifying merchandise and service refunds; approved discounts and sales taxes are excluded under the FDD definition.

POS messaging includes 1,000 text messages and 5,000 emails per month. Above those thresholds, Item 6 lists $0.03 per text and $0.002 per email. Optional functions, additional email licenses, and vendor price increases can raise the technology total.

Item 8 gives Floyd’s 99 Franchising, LLC substantial control over approved equipment, furnishings, signs, products, technology, and services. The 2026 FDD estimates that purchases from designated or approved sources, or according to system specifications, may represent 50% to 75% of the cost of establishing a shop and approximately 5% to 15% of operating cost afterward.

Named product and sign sources

3 Lefty’s manufactures Proprietary Items; Mountain Star distributes those products; 3DX Signs supplies exterior signage. Current prices and future design changes can affect spend.

Named technology sources

Elevate provides information technology services, and Vector Security is the designated network-as-a-service supplier identified in the 2026 FDD.

Alternative supplier approval

A franchisee must obtain advance written approval and reimburse the franchisor’s actual testing cost and reasonable investigation cost.

Future upgrades

The franchisor may require POS hardware, software, data-security, maintenance, monitoring, or other technology upgrades at the franchisee’s expense after notice.

Source: 2026 FDD, Item 6, pages 11–13; Item 8, pages 19–23. The supplier percentages are franchisor estimates, not a derived allocation of the Item 7 range.

The franchisor’s current Franchise FAQs state a minimum $500,000 of liquidity and $1.5 million of net worth. Those screening figures are distinct from the Item 7 Total Estimated Initial Investment and do not mean that $500,000 is the complete project budget.

Total Estimated Initial Investment

$399,500 to $772,500 for one new shop under the 2026 FDD. It is the project-cost range, not a candidate qualification.

Liquidity

$500,000 on the official FAQ page. Liquidity is the stated financial screen; the page does not say every dollar must be spent on the shop.

Net Worth

$1.5 million on the official FAQ page. Net worth is not the same as cash available to invest.

Additional Funds

$40,000 to $71,000 inside Item 7 for the first three months, excluding owner salary. It should not be added to the Item 7 total a second time.

No. Item 10 states that Floyd’s 99 Franchising, LLC does not offer direct or indirect financing and does not guarantee a note, lease, or other obligation. The official FAQ separately says the brand has relationships with preferred third-party lenders. That may provide lender familiarity, but it is not franchisor financing and does not guarantee approval or terms. The 2026 FDD does not state a minimum non-borrowed-funds amount.

For an entity franchisee, officers, directors, shareholders, partners, members, or owners may be required to sign a personal guaranty covering the franchisee’s obligations. Source: 2026 FDD, Item 10, page 25; Item 15, page 39.

The most specific opening discount is the VetFran reduction for the first new shop. Many other fees apply only after a transfer, relocation, renewal, development delay, compliance issue, management intervention, or request for extra assistance.

• Transfer$7,500 plus $5,000 for every undeveloped franchise under a Development Agreement, due before the transfer becomes effective.
• Relocation$5,000 before moving the FLOYD’S 99 Shop to an approved new location.
• Renewal20% of the then-current Initial Franchise Fee for a first shop. The fee is currently waived, but the policy may change; renewal also may require a remodel.
• Development schedule extensionThe first discretionary extension is free; a second extension carries a nonrefundable $5,000 fee.
• New Principal Manager training$3,500 tuition plus travel and living expenses.
• Requested trainer$200 to $400 per day plus travel expenses; the range may increase annually within the disclosed notice limits.
• Additional site-plan work$100 per hour when excessive changes are required to the local architect’s plans.
• Additional on-site assistance$250 per day plus travel and living expenses when requested or required.
• Late payment$25 plus interest at the lesser of 1.5% per month or the highest lawful rate, beginning the day after payment is due.
• Inspection or auditActual costs may be charged when Gross Sales are understated by more than 3%, reporting failures occur, collection fails repeatedly, or the franchisee does not cooperate.
• Step-in management5% of Gross Sales plus the franchisor’s expenses, debts, and liabilities if it exercises its contractual management right.
• Termination damagesFor specified uncured defaults, lost future royalties may be calculated from the prior 24-month monthly average and the remaining term; Item 6 states no cap.

Source: 2026 FDD, Item 6, pages 10–14; Item 17, pages 39–42. Actual third-party costs, default costs, insurance reimbursements, legal fees, indemnification, and alternate-supplier testing expenses vary by circumstance.

The most important verification work is to identify the exact transaction path, obtain site-specific premises and vendor numbers, and separate the official investment range from liquidity, personal living costs, financing terms, and later event-driven fees.

• Confirm whether the offer is a standard 2- to 10-shop Development Agreement, a case-by-case single shop, or a Resale Shop with a negotiated asset price.
• Request the current FDD and all applicable amendments, then compare the signed agreement’s Development Fee, Initial Franchise Fee credits, and Development Schedule with Items 5 and 7.
• Obtain a written landlord allowance, rent schedule, HVAC scope, architectural proposal, and construction bid; the FDD’s premises range assumes leased space and may not cover owned real estate.
• Get current quotes for barber chairs, furnishings, signs, POS hardware, software, network services, phones, opening inventory, and required supplier purchases.
• Verify whether the National Marketing Contribution remains 1.5%, whether a Regional Advertising Co-op exists, and how the Local Advertising Allocation will be documented.
• Confirm the current $500,000 liquidity and $1.5 million net-worth screens, any lender equity requirement, personal-guaranty exposure, and whether financing covers build-out, equipment, and working capital.
• Budget owner salary and personal living costs separately because the three-month Additional Funds estimate expressly excludes owner salary.

The Federal Trade Commission’s Consumer’s Guide to Buying a Franchise explains how Items 5 through 7 describe initial and continuing costs and why buyers should review the agreements and updated disclosures before paying or signing.

For a new FLOYD’S 99 Shop, the verified 2026 Total Estimated Initial Investment is $399,500 to $772,500. The standard multi-unit offer changes the first commitment to $449,000 to $942,000 because the Development Fee reserves rights for 2 to 10 shops. Premises cost is the largest range driver; Additional Funds cover only three months and exclude owner salary; and Royalty, marketing, technology, supplier, transfer, renewal, relocation, and default obligations continue or arise outside the opening total. The unresolved buyer-specific question is the site: landlord concessions, construction scope, local rent, and required vendor quotes determine where a project falls within—or outside—the official range.