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BISHOPS Cuts/Color

Bishops, founded in 2001, aimed to revolutionize the haircare industry by offering accessible and unpretentious services, providing customers with a unique experience fueled by art, music, culture, acceptance, and community through a-la-carte menu options and modern retail spaces across the country, bridging the gap between expensive salons and value chain chop shops.

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Videos

BISHOPS Cuts/Color Franchise Cost and Requirements for 2024

Background

Bishops provides an executive, semi-absentee, franchise model that's been perfected for over 20+ years. Bishops is a low-tech entry in any space, low inventory carried, no AR carried, no required knowledge of the hair care industry needed, labor scales with the dollars earned at your store, we have a national recruiter to assist with staffing, give you customization capabilities for your marketing to fit your market, and provides an art department to create any assets you need at no cost + a great manager can run the whole show.

Company Details

NEW SUPER COMMISSION PROMO!!!!

CONSULTANT AND FRANCHISEE INCENTIVE! 

MORE MONEY FOR YOU & LESS OUT OF-POCKET FOR YOUR CANDIDATE!

INCENTIVE VIDEO: FEEL FREE TO SHARE THIS WITH YOUR CANDIDATES: SUPER PROMO VIDEO LINK


INCENTIVE DETAILS: 


CONSULTANT COMMISSION INCENTIVE 

  • $60k commission per unit on first 2 units (3rd unit in a 3-pack will be paid out at 80% of the initial franchise fee)
  • Consultants must introduce candidates by the end of 2024
  • Candidate must sign franchise agreement by the end of March 2025

# UNITS

CURRENT COMMISSION

PROMO COMMISSION

1 UNIT

$31,600

$60,000

2 UNITS

$60,000

$120,000

3 UNITS

$79,200

$145,280


FRANCHISEE PROMO ON THE INITIAL FRANCHISE FEE

  • 40% off the initial franchise fee your candidates
  • 24 months of interest-free financing on the total initial franchise fees collected

# UNITS

CURRENT IFF

PROMO IFF*

1 UNIT

$39,500

$23,700*

2 UNITS

$75,000

$45,000*

3 UNITS

$99,000

$59,400*

-----------------------

Background

  • Established: 2001
  • First Unit Franchised: 2003
  • Franchised Units Open: 41
  • States Open: 14, wide open with territory availability! 
  • Company Owned Units: 0
  • States Registered In: ALL
  • Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, California - CA, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Hawaii - HI, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, New York - NY, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, Washington - WA, West Virginia - WV, Wisconsin - WI, Wyoming - WY
  • Canada Franchises: No
  • International Franchises: No
  • Virtual Tour of a Bishops Shop in Charlotte, NC (Midtown): https://my.matterport.com/show/?m=sx6jBc6x6vk

Support and Training Offered By BISHOPS Cuts/Color

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

2024 Franchise Requirements Needed to Own a BISHOPS Cuts/Color Franchise.

What does a BISHOPS Cuts/Color Franchise Cost?

BISHOPS Cuts/Color franchise fees for 2024:

Cash Investment: $50,00 - $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

Is BISHOPS Cuts/Color a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. BISHOPS Cuts/Color is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is BISHOPS Cuts/Color a Home Based franchise?

No. BISHOPS Cuts/Color is not a home based franchise opportunity.

What Do BISHOPS Cuts/Color Franchise Owners Make?

Click here to find out how much BISHOPS Cuts/Color franchisees make. BISHOPS Cuts/Color offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is BISHOPS Cuts/Color a Master Franchise Opportunity?

No. BISHOPS Cuts/Color is not a master franchise opportunity.

Does BISHOPS Cuts/Color Offer a Veteran Discount?

Yes. BISHOPS Cuts/Color franchise does offer a veteran discount.

Does BISHOPS Cuts/Color Work with E2 Visa and EB-5 Visa Candidates?

Yes. BISHOPS Cuts/Color franchise does work with E2 Visa and EB-5 Visa candidates.

Is BISHOPS Cuts/Color Looking for Franchisees in Canada?

No. BISHOPS Cuts/Color franchise is not looking for Canada franchisees.

Is BISHOPS Cuts/Color Looking for International franchisees?

No. BISHOPS Cuts/Color franchise is not looking for International franchisees.

Where can I see BISHOPS Cuts/Color's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Business Opportunities, Child Related, Employment & Personnel, Green & Eco Friendly, Hair Care & Beauty Salons, Health, Beauty & Nutrition, Non Food Franchises

Number of Units Open

20-50 UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

BISHOPS Cuts/Color Franchises for Sale

Click Here to inquire about existing BISHOPS Cuts/Color franchises for sale. We may have BISHOPS Cuts/Color franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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