Bishops Franchise Cost, Revenue & Review 2026
- Investment
- $373K – $544K
- Disclosed sales
- $515K
- gross sales, not profit
- SBA charge-off
- 16.0%
- on 39 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Bishops Cuts/Color is a hair salon franchise offering walk-in haircuts, color, and styling for men and women in a modern setting. Franchisees run the salons, managing stylists, scheduling, and retail products.
FranchiseVerdict summary · 2026
A BISHOPS franchise requires a total initial investment of $373K – $544K, including a $50K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $515K[2]. SBA 7(a) loans show a 16.0% charge-off rate across 39 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored6 of 7 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $373K – $544K
- 41st pct Personal Care…
- Avg gross sales
- $515K
- 15th pct Personal Care…
- Royalty
- 6.0%
- 12th pct Personal Care…
- Units
- 40
- 31st pct Personal Care…
- SBA charge-off
- 16.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Personal Care & Beauty · color = vs category peers
Green = favorable by >10% vs Personal Care & Beauty median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $373K – $544K including a $50K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $515K/year.
- RISKVerdict B (Above average), verdict score 55/100 (higher is better). SBA loan charge-off rate of 16.0% across 39 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHFlat: no net change in franchised outlets in the latest year (0 opened, 0 closed); 1 signed but not yet open (Item 20).
- EARLYEmerging franchise: only 3 years of franchising with 40 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- BCC Franchising, LLC
- Parent company
- BCC Services Intermediate Holding Company d/b/a Head to Toe Brands
- FDD Item 1, page 8 of the 2026 FDD
- Ultimate parent
- BCC Services Holding Company
- FDD Item 1, page 8 of the 2026 FDD
- Predecessor
- Bishops Franchising, LLC (formerly BBS Holding Group, LLC)
- Prior franchisor entity
- CEO title
- Chief Executive Officer (of parent, Head to Toe Brands)
- Meg Roberts
- Incorporated in
- DE
- HQ
- 550 Reserve Street, Suite 380, Southlake, Texas 76092
- Auditor
- Plante & Moran, PLLC
- Audited financials
- Franchisor revenue
- $1.8M
- vs $12.4M prior year
Affiliated brands
- The Lash Franchise Holdings
- Frenchies
- Crown Extension Bar
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 8
2 other brands on this site name BCC Services Holding Company as parent or ultimate parent in their own FDD.
Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Meg Roberts
- Headquarters
- TX
- Founded
- 2022
- FDD year
- 2026
- States available
- 15
Can you afford it, and what does the money buy?
Entry cost runs 14% above the typical personal care & beauty franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $50K | $50K | |
| Leasehold Improvements | $157K | $212K | |
| Furniture, Fixtures, Decor, and Equipment | $67K | $77K | |
| Salon Layout, Architect, Engineer, Drawings, and Permits | $10K | $16K | |
| Professional Fees (first year) | $1K | $4K | |
| Business Licenses, Permits, etc. (first year) | $75 | $3K | |
| Initial Inventory | $11K | $16K | |
| Signage | $8K | $22K | |
| Technology Hardware, and POS Software | $11K | $14K | |
| Initial Training Fee (covers two individuals) | $8K | $8K | |
| Pre-opening training expenses (for up to two individuals) | $3K | $12K | |
| Utility Deposits, Expenses and Payments (first three months) | $250 | $500 | |
| Pre-Opening Marketing (60 days prior to opening) | $5K | $10K | |
| Marketing (first three months post opening) | $6K | $15K | |
| Security Deposit and Lease Payment (first three months) | $5K | $32K | |
| Insurance Deposits and Premiums (first three months) | $1K | $3K | |
| Additional Funds (first three months) | $30K | $50K | |
| Total initial investment | $373K | $544K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $373K – $544K
- Middle of category vs category
- Liquid capital req'd
- $30K – $50K
- Middle of category vs category
- Franchise fee
- $50K – $50K
- Middle of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $200 |
| Training fee | $8K |
| Transfer fee | $5K |
| Renewal fee | $3K |
| Inventory (initial) | $11K – $16K |
| Total fee load | 8.0% of rev |
What do units actually make?
Average unit sales land near the personal care & beauty norm.
Source: FDD 2026 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for BISHOPS until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$499K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one BISHOPS unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
- Avg gross sales
- $515K
- Per unit/yr · from the Item 19 franchised-cohort breakdown (no single system-wide average disclosed)
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 40 outlets
- vs category median 38
- Range (low → high)
- $176K→$978KCited, not corroborated — printed on page 48 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $340K→$744K
- Bottom 25% → top 25%
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 3 / 10
- vs category median 4 / 10 · below
Compared against 177 Personal Care & Beauty brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $515K/year in gross sales. Revenue-to-investment ratio: 1.1x.
Fee burden
Total ongoing fee load of 8.0% (near the Personal Care & Beauty median).
Disclosure
Transparency score 3/10 — moderate disclosure depth. Average and range data are available but detailed cohort breakdowns may be limited.
Operator retention
System roughly stable (0.0% 3-year CAGR) with 40 units.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Personal Care & Beauty medians
How Bishops Compares
Category median of published Personal Care & Beauty brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 40
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- N/A
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (3-yr)
- +0.0%
- Net unit change over 3 years
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 1
- 0.03 per open outlet · Item 20 Table 5
- Projected new
- 8
- Franchisor's next-year forecast
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 15 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Virginia
States where the franchisor is registered to sell new franchises (FDD registration filings).
Where the owners are · Item 20 owner list
37 current owners across 13 states; 7 former (terminated, transferred or not renewed) listed separately.
- OR 8
- WA 7
- CA 4
- CO 3
- OH 3
- TX 3
- AZ 2
- VA 2
- GA 1
- MI 1
- MN 1
- MT 1
- +1 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 39
- Loan volume
- $10.6M
- Median loan
- $294K
- 50th percentile
- Charge-off rate
- 16.0%
- on 39 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 84.0%
- 5-yr charge-off
- 22.2%
- Loans approved 2021+
- Active lenders
- 16
- Defaults
- 4
- Typical loan rate
- 7.7%
- avg rate to borrowers
- Franchised industry avg
- 12.1%
- brand above franchise avg ↑
- Jobs supported
- 404
- 6.0 per loan
- Lender concentration
- 24%
- top lender's share
Borrower mix: 76% went to startups / new businesses, 24% to established operators
Franchise vs independent — in beauty salons, franchised businesses charge off at 12.1% vs 18.6% for independents — franchising is associated with 35% lower SBA default risk in this category.
Top lenders financing Bishops franchisees
Showing 3 of 16 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Bishops from SBA 7(a) FOIA data.
- Principal loss rate
- 7.4%
- Avg SBA guarantee
- 70%
- Avg interest rate
- 7.71%
- Avg chargeoff amount
- $168K
- Lender concentration
- 24.0%
- Job velocity
- 6.0 per $100K
- NAICS benchmark
- 10.9%
- NAICS 812112
- Jobs supported
- 404
Top SBA lendersTop lender holds 24% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Stearns Bank National Association | 6 | $1.6M | 0.0% |
| 2 | The Huntington National Bank | 3 | $775K | 50.0% |
| 3 | Manufacturers and Traders Trust Company | 2 | $320K | 0.0% |
| 4 | Pinnacle Bank | 2 | $700K | 0.0% |
| 5 | Wells Fargo Bank National Association | 2 | $567K | 50.0% |
| 6 | Cadence Bank | 2 | $650K | 0.0% |
| 7 | Northwest Bank | 2 | $280K | N/A |
| 8 | North State Bank | 1 | $332K | N/A |
| 9 | BankUnited, National Association | 1 | $256K | 0.0% |
| 10 | Wallis Bank | 1 | $270K | 100.0% |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| CACalifornia | 3 | 0 | 0.0% |
| ILIllinois | 3 | 1 | 50.0% |
| NCNorth Carolina | 3 | 0 | 0.0% |
| OROregon | 3 | 0 | -- |
| VAVirginia | 3 | 0 | 0.0% |
| COColorado | 2 | 1 | 50.0% |
| GAGeorgia | 2 | 0 | 0.0% |
| MNMinnesota | 2 | 0 | 0.0% |
| TXTexas | 2 | 1 | 100.0% |
| OHOhio | 1 | 0 | 0.0% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans here charge off near the 16.0% national average.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Plante & Moran, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 55 / 100 verdict
- 01MEDNet income not disclosed in FDD — impossible to assess true profitability despite $542k avg revenue claim
- 02MINOROnly 40 units system-wide with unknown growth trajectory — insufficient scale and unclear expansion momentum
- 03MINORMinimum $250/week royalty ($13k/year) creates fixed cost floor regardless of performance, problematic for underperforming locations
- 04MINORHigh initial investment ($373k–$544k) paired with opaque profitability creates significant downside risk
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 4 mi |
| Territory population | 50,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 20 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 4 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | Yes |
| Arbitration location | AAA offices in the city of franchisor's principal place of business (currently Southlake/Tarrant County, Texas) |
| Jury trial waiver | Yes |
| Governing law | TX |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 54 hrs
- On-the-job training
- 0 hrs
- Training location
- Dallas, Texas (Business Training); franchisee's Store (Store Opening Training)
- Ongoing training
- Required
- Time to open
- 12 mo
- From signing to launch
- Site selection
- Mutual — franchisee selects within Site Selection Area; franchisor approves within 30 days
- Franchisor financing
- Not offered
- Item 10
- POS system
- Third-party cloud-based POS system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Third-party cloud-based POS system
Item 20 · call current owners
Franchisee Contacts
44 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a BISHOPS franchise?
The total investment to open a BISHOPS franchise ranges from $373K – $544K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do BISHOPS franchise owners earn?
According to Item 19 of the BISHOPS FDD, the average gross sales per unit is $515K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns BISHOPS?
BISHOPS is franchised by BCC Franchising, LLC. Its parent company is BCC Services Intermediate Holding Company d/b/a Head to Toe Brands. The ultimate parent named in the FDD is BCC Services Holding Company. Source: FDD Item 1, 2026 filing.
What is Item 19 in the BISHOPS FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the BISHOPS FDD and qualifies whose outlets they describe.
What is BISHOPS's franchise failure rate?
Based on SBA 7(a) loan data, BISHOPS has a charge-off rate of 16.0% across 39 loans, meaning 16.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many BISHOPS franchise locations are there?
As of their most recent FDD filing, BISHOPS has 40 total units in the United States, including 40 franchised units and 0 company-owned units.
Is BISHOPS a good franchise to buy?
FranchiseVerdict rates BISHOPS as a B-grade franchise with a verdict score of 55 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.