bannerPlayFranchisor Stories

Franchise Deep Dive: Bishops Cuts/Color Franchise Costs, Fees, Profit and Data

Bishops Cuts/Color has made a name for itself in the crowded salon industry by offering quality affordable haircuts in a trendy and artsy environment.

By Jeff DwyerStaff Writer
12:12PM 11/30/23

LAST UPDATED: November 2023
FRANCHISE WEBSITE: https://bishops.co/franchise/
NUMBER OF LOCATIONS: 41
REPORTED COST TO GET IN: $278,550 to $489,600
REPORTED ROI (Item 19): $42,338 (Average monthly gross sales)

Bishops Cuts/Color is a brand of hair salon franchises that offers haircuts, styling, coloring and other salon services. Bishops was founded in 2001 in Portland, Oregon as an artsy, affordable alternative to expensive salons. The brand is known for its counter-cultural heritage, contemporary aesthetic, and openness to all ages and all genders. 

As a result of its services, Bishops has been profiled in Yahoo! Finance, thrillist, Entrepreneur, Bloomberg, CNN, Forbes and GQ. 

How Many Bishops Locations Are There?

As of November 2023, there are 41 Bishops locations spanning 15 states across North America. 

What Is Bishops’ Business Model?

At its core, the business model of Bishops Cuts/Color is offering high-quality affordable haircuts. The brand claims to be recession-resistant and believes it has built-in demand, a predictable revenue stream and an opportunity that can’t be replaced by robots. 

Bishops lists the following benefits of operating one of its franchises:

  • An executive, semi-absentee, franchise model that’s been perfected for over 20-plus years
  • Low-tech entry in any space 
  • Low inventory carried
  • No required knowledge of the hair care industry needed
  • Labor scales with the dollars earned at your store
  • National recruiter to assist with staffing
  • Customized marketing capabilities
  • Art department to create any assets at no cost
  • Manager can run the whole show
  • Stable, recurring revenue cycles
  • Stellar unit economics 

Bishops does not require its owners to have prior industry experience. Instead, new owners will receive all necessary training, as well as assistance with real estate positioning, construction management and dedicated ongoing support.

How Much Can Bishops Franchise Owners Make? 

According to third-party sources, the average monthly gross sales of a Bishops Cuts/Color franchise is approximately $42,338 and the median monthly gross sales is $40,520. 

How Much Does It Cost To Open a Bishops Franchise?

As of the publishing of this story, the initial investment required to open a Bishops Cuts/Color franchise ranges from $278,550 to $489,600. Franchise owners must also pay an ongoing brand fund fee of 1% and a royalty fee of 7% to 5.75%. 

What Is the Franchise Fee for Bishops?

The franchise fee required to open a Bishops Cuts/Colors franchise is $39,500. Interested candidates must also have a minimum net worth of at least $300K. 

The brand offers a $5K discount off its initial franchise fee for qualified veterans. 

Who’s On Bishops’ Leadership Team?

What Helpful Articles Can I Read to Learn More About Bishops?

Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.



 

MORE STORIES LIKE THIS

iconBuy A Franchise