Start a The Ultimate Barber Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $95K - $276K

Units as of 2020: 2 100.0% over 3 years

The Ultimate Barber is a modern mix of the traditional barbershop experience with advanced technology and community-centeredness. From small beginnings, The Ultimate Barber is determined to give customers a professional barber experience from the moment they step into the shop.

The Ultimate Barber may offer a smooth atmosphere with services that have grown in parallel to the constant growth of the barbershop industry. The Ultimate Barber strives to be the place where customers can find barbershop services in a special space that may bring an escape from life's tensions.

Why You May Want To Start a The Ultimate Barber Franchise

Franchisees should have a desire to follow The Ultimate Barber's business plan. With the opportunity to enter the barbershop market, The Ultimate Barber franchisees may enjoy success. Potential franchisees should be customer-driven with a desire to make an impact in their customers' lives.

The Ultimate Barber has partnered with third-party financial lenders that will help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you meet their qualifications.

What Might Make a The Ultimate Barber Franchise a Good Choice?

Characterized by adapting to new technologies, The Ultimate Barber may be known for its unique environment, and the sense of fulfillment its appointment-based hair treatment services could bring. Customers may enjoy their visits to The Ultimate Barber and seek repeat business when their hair grows out again. Product offerings may add to a The Ultimate Barber franchise’s capacity to grow.

To be part of the Ultimate Barber team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include royalty and renewal fees. Franchisees will also need to meet the company's set liquid capital requirements.

How To Open a The Ultimate Barber Franchise

As you decide if opening a The Ultimate Barber franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if the Ultimate Barber franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

If awarded a The Ultimate Barber franchise, franchisees receive a great deal of support from the Ultimate Barber brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. The Ultimate Barber franchisee may also receive hands-on training and continued support after their franchise location has opened.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Ultimate Barber franchising team questions.

It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a The Ultimate Barber franchise.

Company Overview

About The Ultimate Barber

Industry	Personal-Care Businesses
Related Categories	Hair Care
Founded	2016
Leadership	John Hall, Founder/CEO
Corporate Address	6368 Coventry Wy., #343 Clinton, MD 20735
Social	Facebook, Instagram, YouTube

Business Overview

Franchising Since	2020 (4 years)
# of employees at HQ	15
Where seeking	This company is offering new franchises throughout the US.
# of Units	2 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a The Ultimate Barber franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$29,900
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$95,400 - $275,900
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$60,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	4-6%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	The Ultimate Barber has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	21.5 hours
Classroom Training	20.5 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes