No Grease! Barbershop Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
No Grease! Barbershop is a men's grooming franchise offering haircuts, shaves, and grooming services. Franchisees run the shops, managing barbers, scheduling, and retail.
FranchiseVerdict summary · 2026
A No Grease! Barbershop franchise requires a total initial investment of $157K – $303K, including a $25K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $157K – $303K
- 13th pct Personal Care…
- Avg gross sales
- N/A
- Royalty
- 6.0%
- 10th pct Personal Care…
- Units
- 12
- 19th pct Personal Care…
- SBA charge-off
- N/A
Quick verdict · Personal Care & Beauty · color = vs category peers
Green = favorable by >10% vs Personal Care & Beauty avg · 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 $157K – $303K including a $25K franchise fee, 6.0% ongoing royalty.
- RETURNSTotal revenue for FY2024 of $202,154 comprises Franchise sales $20,180, Royalty fees and services $177,588, and Late fees $4,386 (Statements of Income, Knights of the Razor, Inc.).
- RISKVerdict C (Average), verdict score 46/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Knights of the Razor Inc.
- CEO title
- President
- Damian Johnson
- Incorporated in
- NC
- HQ
- 333 East Trade Street, Suite D, Charlotte, North Carolina 28202
- Auditor
- BRC CPA
- Audited financials
- Franchisor revenue
- $202K
- vs $197K prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- No Grease
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Damian Johnson
- Headquarters
- NC
- Founded
- 2017
- FDD year
- 2025
- States available
- 4
Can you afford it, and what does the money buy?
Entry cost runs 56% below the typical personal care & beauty franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $25K | $25K |
| Working capital (3–6 mo) | $15K | $40K |
| Equipment, build-out, other | $117K | $238K |
| Total initial investment | $157K | $303K |
Source: No Grease! Barbershop 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $157K – $303K
- Top 40% of category vs category
- Liquid capital req'd
- $15K – $40K
- Top 40% of category vs category
- Franchise fee
- $25K – $25K
- Top 40% of category vs category
- Royalty
- 6.0%
- percentage · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $225 |
| Training fee | $200 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Inventory (initial) | $5K – $8K |
| Total fee load | 7.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Grease! Barbershop did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one No Grease! Barbershop unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
67%
Above the 30–60% band. Verify revenue is per-unit average
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: 2025 FDD
Financial Performance
Total revenue for FY2024 of $202,154 comprises Franchise sales $20,180, Royalty fees and services $177,588, and Late fees $4,386 (Statements of Income, Knights of the Razor, Inc.).
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.0% (near the Personal Care & Beauty average).
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System contracting at -14.3% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
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 averages
How No Grease! Barbershop Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 12
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 50%
- vs corporate-owned
- Net growth (3-yr)
- +14.3%
- Net unit change over 3 years
- 3-yr CAGR
- -14.3%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Continuity rate
- 85.7%
- Units that stayed open
- Termination rate
- 14.3%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 4 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
4
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
A contracting barbershop franchise (down 14% YoY) with recent regulatory violations, missing financial disclosures, and unclear profitability metrics presents HIGH RISK unsuitable for most retail franchisees.
Litigation (Item 3)
Consent Order from Maryland Securities Division (Case No. 2024-0474, January 22, 2025): Knights of the Razor Inc. offered and sold a franchise in Maryland prior to effective registration. Respondent admitted allegations, paid administrative penalty, and offered full rescission to the franchisee unit owner.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · BRC CPA
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 46 / 100 verdict
- 01MEDUnit count declined 14.3% YoY (13 units) — significant contraction suggesting system-wide challenges or closures
- 02MINORRecent Maryland Securities Division Consent Order (January 2025) for unregistered franchise offering — regulatory compliance failure and legal exposure
- 03MEDNo disclosed average revenue or net income (missing Item 19) — inability to assess profitability or ROI, major due diligence gap
- 04MEDHigh initial investment ($157K-$303K) with 6% royalty burden on undisclosed revenue base — unclear unit economics
- 05HIGHGoing Concern status False — potential financial instability or solvency concerns at franchisor level
- 06MINORShrinking franchise system with declining momentum — increases risk of inadequate support and franchisor viability
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 7 years |
|---|---|
| Renewal term | 7 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| 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 | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 10 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Mecklenburg County, North Carolina |
| Jury trial waiver | No |
| Governing law | NC |
| Litigation count | 1 |
View Item 3 litigation summary
Consent Order from Maryland Securities Division (Case No. 2024-0474, January 22, 2025): Knights of the Razor Inc. offered and sold a franchise in Maryland prior to effective registration. Respondent admitted allegations, paid administrative penalty, and offered full rescission to the franchisee unit owner.
Items 10, 11
Training & Operations
- Classroom training
- 37 hrs
- On-the-job training
- 26 hrs
- Training location
- Corporate headquarters in Charlotte, North Carolina
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- Site selection
- Franchisee selects, franchisor must approve
- Franchisor financing
- Not offered
- Item 10
- POS system
- not specified
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: not specified
Item 20 · call current owners
Franchisee Contacts
9 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
No Grease! Barbershop · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a No Grease! Barbershop franchise?
The total investment to open a No Grease! Barbershop franchise ranges from $157K – $303K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do No Grease! Barbershop franchise owners earn?
No Grease! Barbershop does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the No Grease! Barbershop 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 No Grease! Barbershop FDD and qualifies whose outlets they describe.
What is No Grease! Barbershop's franchise failure rate?
SBA 7(a) loan charge-off data is not available for No Grease! Barbershop (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many No Grease! Barbershop franchise locations are there?
As of their most recent FDD filing, No Grease! Barbershop has 12 total units in the United States, including 6 franchised units and 6 company-owned units.
Is No Grease! Barbershop a good franchise to buy?
FranchiseVerdict rates No Grease! Barbershop as a C-grade franchise with a verdict score of 46 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.