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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 2% marketing fund + $200/mo technology fee + $355/mo POS + $28-$40/mo bookkeeping software
Franchise Stats
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 to Other Beauty & Spa Services Franchises
Key Insights
- Lower than average SBA loan default rate in Beauty & Spa Services
| Franchise | Investment Range | Franchise 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 45 franchises | $397K - $729K | $49K | 6.1% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 45 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
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Bishops franchise?
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.
How much revenue does a Bishops franchise make?
According to the 2025 FDD, the average gross revenue for a Bishops franchise is $533,685.1.
How many Bishops franchise locations are there?
As of the 2025 FDD, Bishops has 40 franchise locations. The company has been franchising since 2007.
Can you get an SBA loan for a Bishops franchise?
Yes, SBA loans are available for Bishops franchises. Historical data shows 38 SBA 7(a) loans have been approved for Bishops franchisees, with an average loan amount of $276,976. The historical default rate is 10.5%.
Is Bishops a good franchise to buy?
Bishops shows several positive indicators: transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Bishops?
Talk to a franchise advisor to get personalized guidance and learn if Bishops is the right fit for you.
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