No Grease! Barbershop
Formerly known as Knights of the Razor
Bottom line
- Total investment $157K – $303K including a $25K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
- No 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
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one No Grease! Barbershop unit return on the cash you put in?
Unlevered ROIC · per unit
67%
Above typical band (30–60%)
Overview
About
No Grease! Barbershop franchisees operate traditional barbershop locations providing haircuts, shaves, and grooming services to male-focused clientele. Daily operations involve managing 2-4 barber chairs, scheduling appointments, managing inventory of products and supplies, and providing direct customer service in a service-based retail environment. The model emphasizes a nostalgic, premium grooming experience with protected territorial exclusivity.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 18 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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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.
Score breakdown · what drove the 72 / 100 rating
- 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
23 numbers
One-time purchase · CSV download · Validation questions included
FDD download
No Grease! Barbershop · FDD (2025) PDF