About Bishops Cuts/Color
Liquid Capital: $80,000
Net Worth Requirement: $300,000
Franchise Fees: $39,500
Royalty: 5.75% - 7%
Training and Support: Yes
Home Office: Southlake, TX
CEO: Meg Roberts
Investement Range $278,500 - $489,000
Bishops is not your average salon franchise. Established in 2001, Bishops has disrupted the traditional hair care model by combining exceptional services with a vibrant, inclusive atmosphere. With a focus on individuality and self-expression, Bishops offers a recession-resistant investment opportunity in the thriving $69.1 billion hair care industry. Operating 41 locations across 14 states, Bishops continues to set trends while offering high-end salon quality at affordable prices.
Why Choose Bishops Cuts/Colors?
Established Leadership in the Hair Industry
With over two decades of experience, Bishops has built a strong brand recognized for high-quality, affordable hair services. The brand’s unique model blends salon-quality services with a barbershop vibe, attracting a diverse clientele.
Comprehensive Support and Training
Franchisees receive extensive support, including site selection, lease negotiation, and construction management. Training involves 16 hours of in-person instruction, 24 hours of on-the-job training, and access to the in-house national recruiter for hiring staff. Ongoing support includes monthly calls, KPI training, quarterly reviews, and a turnkey annual marketing calendar.
Diverse Revenue Streams
Bishops offers a wide range of services, including haircuts, grooming, color services, keratin treatments, extensions, perms, locs, scalp treatments, blowouts, gray coverage, and more. The franchise also generates revenue through high-quality haircare products and gift card programs, providing multiple income channels.
Innovative Technology and Operations
The franchise uses the EOS Operating System, ensuring streamlined operations and efficiency. The brand also offers customizable marketing campaigns and support with Google Business setup, helping franchisees attract and retain customers.
Recession-Resistant and Essential Service
Everybody needs haircuts, and that demand doesn't change with economic fluctuations. Bishops' repeat sales cycle and high customer retention make it a stable business model, even during downturns.
Ideal Franchisee Profile
- Community-Oriented: Values building strong local connections and giving back to the community.
- Relationship-Driven: Thrives in an environment focused on working with creatives and building lasting client relationships.
- Leadership Skills: Comfortable managing a team and developing a vibrant, welcoming salon environment.
- Hands-Off Management: Ideal for semi-absentee ownership, with the option to hire a manager to oversee day-to-day operations.
- Strong Communication Skills: Capable of guiding staff and ensuring an exceptional customer experience.
Frequently Asked Questions
What kind of training and support does Bishops provide?
Bishops offers a comprehensive training program, including 16 hours of in-person training, 24 hours of on-the-job training, and continuous support through monthly calls, KPI training, and quarterly manager training.
Do I need a hair care background to own a Bishops franchise?
No prior experience in the hair care industry is needed. Franchisees focus on business management, while trained professionals handle the technical services. Bishops’ national recruiter also assists with hiring skilled stylists.
How is the territory defined for a Bishops franchise?
Franchisees receive a protected territory with a 1.5-mile radius around their location, ensuring minimal competition within the brand.
Is there a veteran discount?
Yes. Bishops offers a $5,000 discount on the franchise fee for honorably discharged veterans through the VetFran program.
What types of ongoing fees should I expect?
Franchisees pay a royalty fee ranging from 5.75% to 7% of gross revenue, depending on sales volume. There is also a 1% Brand Fund Contribution, and local marketing spending is recommended at 8% to 12% of gross revenue annually.
What marketing support does Bishops provide?
Bishops offers a comprehensive marketing support system, including custom campaigns, a full content calendar, and tools for local advertising. The franchise also provides a national recruiter to assist with staffing.
Searching for more information? Download the 2024 Bishops Cuts/Colors Franchise Disclosure Document FDD below.
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This web page does not constitute a franchise offering or an offer to sell a franchise. A franchise offering can be made by the franchise only in a state if first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if provided with an appropriate franchise disclosure document.
