Risk Score
Pending analysis
Investment Range
$313,100 - $634,480
Franchise Fee
$25,000
Total US Locations
40
Business Summary
Bishops operates distinctive retail hair care outlets that offer haircutting, coloring, and barbering services to customers. These Stores provide services at competitive prices in a unique environment that combines creative design, music, and cutting-edge style. In addition to services, Bishops also sells related products that the franchisor authorizes.
Corporate History
BCC Franchising, LLC, the current franchisor of BISHOPS®, was formed as a Delaware limited liability company on March 3, 2022. It has been offering franchises since May 2023. The brand's predecessor was an Oregon limited liability company, BBS Holding Group, LLC, formed on March 12, 2007, which later changed its name to Bishops Franchising, LLC on July 22, 2008. This predecessor offered franchises from March 2007 until March 2022. BCC Franchising, LLC is part of a larger corporate structure, with BCC Services Intermediate Holding Company and BCC Services Holding Company as its parents, which are controlled by The Riverside Company, a global private equity fund. Through various Riverside Company funds, Bishops is affiliated with numerous other franchise concepts including The Lash Franchise Holdings, LLC, Frenchies, LLC, and several other brands under Evive Brands, Best Life Brands, Threshold Brands, and EverSmith Brands.
Financial Overview
Investment Range
$313,100 - $634,480
Franchise Fee (Low)
$25,000
Franchise Fee (High)
$40,000
Royalty %
6%
Marketing %
2%
Equipment Costs (Low)
$154,350
Equipment Costs (High)
$313,750
Working Capital
$106,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The financial statements for BCC Services Holding Company and Subsidiaries received an Unqualified Opinion from the auditor. However, the FDD highlights a special risk: the franchisor's financial condition, as reflected in its financial statements (see Item 21), calls into question BCC Franchising, LLC's financial ability to provide services and support to its franchisees.
Financing Details
Bishops does not offer any direct or indirect financing to its franchisees. Additionally, it does not guarantee any notes, leases, or other financial obligations for franchisees.
Performance Metrics
Total US Locations
40
Franchised Units
40
Corporate Units
0
Avg Square Footage
1,150
Franchising Since
2023
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Bishops has no litigation history to report. The FDD states that no litigation is required to be disclosed in this Item.
Bankruptcy History
Bishops has no bankruptcy history to report for the franchisor or any of its management. The FDD states that no bankruptcy information is required to be disclosed in this Item.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their Bishops franchise, franchisees must notify the franchisor of their intent to renew between 180 days and 12 months before the current agreement expires. They must be in good standing, having complied with all material terms of the agreement and satisfied all monetary obligations to Bishops, its affiliates, and suppliers throughout the term. Franchisees are required to renovate and refurbish their Store premises to reflect Bishops' then-current image and requirements. They also need to prove their right to possess the Store premises or secure an approved alternative site. The franchisee and a general release in favor of Bishops and its affiliates must sign the current franchise agreement, which may have different terms, including royalty and marketing fees. Finally, franchisees must pay the specified renewal fee.
Training & Support Program
Franchisor Assistance
Bishops provides comprehensive assistance to its franchisees, starting with pre-opening support. This includes helping with site selection within a designated area, providing two individuals with initial training, and offering on-site Store Opening Training just before the Store officially opens. Bishops also makes confidential Operations Manuals available digitally and offers pre-opening consultation and advice on development, operations, store layout, equipment, employee recruiting, purchasing, inventory, and marketing. Ongoing support includes continuous consultation and advice on new services and products, store operations, advertising, marketing, and financial matters. Bishops also communicates information about approved suppliers and requires participation in its recommended local advertising programs, digital media efforts, and loyalty programs. Additionally, Bishops specifies required computer systems and software and charges a Technology Fee for intranet development, support, and business intelligence activities.
Initial Training Hours
172
Training Location
Dallas, TX, and franchisee's Store location
Ongoing Support
After opening, Bishops franchisees receive ongoing consultation and advice, which may cover new service and product developments, Store operation and management, advertising and marketing strategies, and financial guidance. Bishops also communicates information about approved and designated suppliers. Franchisees are required to participate in any designated conventions, regional meetings, or annual training meetings, paying an enrollment fee and covering their travel and living costs. There is a continuing education requirement for stylists, which may involve additional fees and travel costs. Bishops charges a monthly Technology Fee for services like intranet development, support, software customization, and business intelligence. Additionally, Bishops requires franchisees to participate in and offer all customer loyalty and reward programs, contests, and prize promotions that it develops, and to display all required promotional literature. Bishops may also form advertising cooperatives that franchisees would be required to join.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
supervisory
Territory Type
protected
Territory Size Requirements
Bishops grants franchisees a Protected Area that is typically a one-and-a-half-mile radius around the Store. In densely populated areas like major metropolitan downtowns, this Protected Area may be smaller, ranging from five blocks to half a mile. The Protected Area is designed to contain a population of up to 40,000 individuals and will not exceed a maximum diameter of six miles (or a three-mile radius). Within this Protected Area, Bishops will not own, operate, or grant others the right to operate another BISHOPS® Store, except for "Closed Markets" such as hotels, airports, or college campuses.
Staffing Notes
BISHOPS® requires each store to have an Owner who oversees general operations and a General Manager who manages day-to-day operations and dedicates full-time efforts to the business. The Owner and General Manager can be the same individual. Both the Owner and General Manager, if they are separate individuals, or the Owner if they are also the General Manager, must successfully complete the initial training program. If a General Manager leaves, a new one must be designated within 30 days and must complete initial or Manager Training. BISHOPS® franchisees must maintain a competent, certified, and trained staff, including stylists or barbers, who provide good customer service and meet minimum standards. All stylists must also comply with BISHOPS®' continuing education requirements, which are separate from any state-mandated licensing or certification education.