2001
41
$50,000
$39,500
$489,000
No
Everyone needs a haircut, and that’s not going to change. Bishops offers an ongoing need that ensures a reliable, recurring business model.
Founded in 2001, Bishops Cuts/Color has been disrupting the hair care industry by combining the best elements of a barbershop and hair salon. Our mission is to make everyone feel welcome and confident in their look by offering an inclusive and edgy atmosphere that breaks the mold of traditional barbershops. We provide more than just a haircut; we offer a unique experience at a reasonable price, even including a cold beer with your service.
In the $69 billion hair industry, Bishops Cuts/Color stands out by catering to everyone, regardless of age or gender, unlike traditional barbershops that primarily target the male demographic. Our services range from cuts and colors to shaves and styling, ensuring each guest receives personalized care tailored to their style and needs.
Bishops Cuts/Color is advancing the hair care industry through innovative services and a commitment to quality. With an easy-to-navigate a la carte menu and options for walk in-ins or online check-ins, we provide guest with complete control over their hair care journey.
Our franchise model is designed for success, offering high-quality services in modern retail spaces at fair prices, ensuring every individual leaves feeling their best. Bishops Cuts/Color continues to set the standard for how hair care is delivered, providing a unique, inclusive, and memorable experience for every guest.
Additional Background Information:
Bishops Cuts/Color was acquired by The Riverside Company, a prominent private equity firm known for investing in high-growth potential businesses. This strategic acquisition underscores The Riverside Company's commitment to supporting innovative and dynamic brands. By leveraging The Riverside Company's extensive resources and expertise, Bishops Cuts/Color is poised to accelerate its expansion, enhance its service offerings, and further solidify its position as a leader in the hair care industry. This partnership marks an exciting new chapter for Bishops, promising growth, enhanced guest experiences, and increased franchise opportunities nationwide.
Riverside is dedicated to growth, not only expanding our footprint with franchised locations but also getting doors open. They are committed to ensuring that the awarded locations are opened successfully by partnering with the right individuals who align with our brand’s mission to minimize risk.
Bishops Cuts/Color now joins Head To Toe, the beauty portfolio of The Riverside Company. Currently, Head To Toe comprises Frenchies Modern Nail Care, Bishops Cuts/Color, and The Lash Lounge. This portfolio continually seeks to acquire brands that align with its mission of providing top-tier beauty and self-care services. With Bishops' inclusion, Head To Toe strengthens its position in the beauty industry, offering a comprehensive range of services from hair care to nails and lashes.
Financial Assistance Provided: No, 3rd party
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes, in-house national recuiter dedicated to supporting our franchisees hire top-notch stylists
Cooperative Advertising: Yes
Training:
· Initial Owner/Manager training – Virtual and in-person
· On-site team training
· Initial hiring visit
· Grand opening visit
· Direct access to Marketing, Education, and Operations team members
· Field support and site visits
· On-going support, dedicated operations support
· Social media, marketing, and advertising training, and oversight
· Site selection and lease negotiation, in-person lease search with franchisee
· Monthly Owner and Manager calls
· Central purchasing
· Scheduling
· Point of sale
· Technology support
· Real Estate and Build-out Support
· Shop construction management
· KPI training
· Turnkey annual marketing calendar
· Real Estate and Build-out Support
· Exceptional National Vendor assistance
Ideal Candidate:
· Enjoy working with dynamic, creative, fun personalities!
· Community Builder
· Management Experience/Leadership Skills
· Relationship Driven
· Ability to dedicate 10-15 hours to the business each week
· 680+ credit score, $80k liquid, $200k net worth
Responsibilities of Franchisee:
· Team check-ins based on EOS to make sure things are running smoothly in the Executive Model as a Franchise Owner
· Review of payroll and scheduling
· Meeting with the shop’s leadership team as seen fit
Cash Investment: $50,000 - $150,000
Total Investment: $278,500 - $489,000
Minimum Liquidity: $80,000
Minimum Net Worth: $250,000
Franchise Fee: $39,500
Veteran Discount: Yes, $5,000 off the initial franchise fee
Royalty: 5.75% - 7%, Tiered Royalty Structure
Ad: 1%
Item 19: Yes
Average Number of Employees: 6-10
Visa Candidates: Yes
Passive Ownership: No
Semi-Passive Ownership: Yes
Master Franchise Opportunities: Yes
Home-Based: No
B2B: No
