Bishops
Bishops franchises distinctive retail hair care outlets offering haircutting, coloring, barbering services, and related products under the BISHOPS® trademark in a unique environment blending creative design, music, and cutting-edge style. The business model utilizes a proprietary system with standardized interior/exterior design, operations, customer service, and marketing procedures, with stores typically 800-1,500 sq ft in retail shopping centers. It targets customers seeking affordable, trendy hair services in a competitive market against other salons and barbershops.
Franchise Costs
6% royalty + 2% marketing fund + $200/mo technology fee + $355/mo POS + $28-$40/mo bookkeeping software
Financial Performance
Item 19 Financial Performance
Data Based On: 39 locations by quartile, all locations operated for the entire 2024 calendar year.
* Calculated weighted average revenue based on quartile averages and quantities: (10 units × $735,604 + 10 units × $580,716 + 10 units × $476,061 + 9 units × $321,101) / 39 total units = $533,685.10. No overall median provided; only quartile medians are available. No profit or expense data provided to estimate net income, net profit, or EBITDA.
Extracted Item 19 Section
How Bishops Compares
Key Insights
- Lower than average SBA loan default rate in Beauty & Spa Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Bishops Current | $313K – $634K | $40K | 6.0% | 40 |
| SPORTS CLIPS (SINGLE UNIT) | $289K – $475K | $30K | 6.0% | 1,754 |
| SUPERCUTS | $186K – $323K | $40K | 6.0% | 1,701 |
| DaVi Nails and Em Lash Studio | $61K – $144K | $65K | N/A | 400 |
| PALM BEACH TAN | $648K – $1.1M | $30K | 6.0% | 397 |
| DAVI NAILS | $57K – $125K | $65K | 0.0% | 387 |
Beauty & Spa Services Average 49 franchises | $411K – $755K | $48K | 6.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 49 Beauty & Spa Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for Bishops franchisees (2017 – 2020)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
42 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
42 Contacts Available
Unlock all Bishops franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Bishops franchise ranges from $313,100 to $634,480. This includes a franchise fee of $40,000. Ongoing royalty fees are 6.0% of gross sales.
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