Episode Details

Episode 98: On this episode of Pursuit of Profit, Cliff talks with Paul O'Brien, one of three founding brothers of the well known franchise, Floyd's 99 Barbershop. This successful franchise has broken away from assembly line cuts of discount chains and high-end salons to create something in between - expert cuts and a vibe that feels more like a rock concert than a haircut. With over 150 stores nationwide and a nearly $1M in revenue from corporate stores, Floyd's is proving that when you focus on culture, retaining employees and consistency - the numbers take care of themselves.

Take a listen!

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Timestamps:

00:00 Intro

02:22 - what were you aiming to create with Floyd's

03:40 - what do you do to maintain success of Floyd's

06:36 - what is your mix of clients

07:45 - alcohol not offered in barbershop

08:50 - number of corporate owned shops vs. franchised shops

10:00 - employee retention

11:05 - music

13:17 - where's the revenue

28:13 - cost and size to open a franchise

36:50 - Item 19 - the numbers

39:39 - Floyd's secret sauce

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Links:

Floyd's Barbershop

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