No Grease! franchise
2025 filing · August 15, 2025
No Grease! at a glance
A full-service barbershop offering traditional cuts, shaves and grooming services. At the end of 2024 there were 12 No Grease! locations in the US, 6 franchised and 6 company-owned.
The business
- Franchisor
- Knights of the Razor Inc
- The company that sells the franchises
- Franchisor based in
- Charlotte, North Carolina
- Typical size
- 1,000–2,000 sq ft
What you pay
- Cost to open
- $157K–$303K
- Fee, build-out and opening working capital
- Franchise fee
- $25,000
- For a protected area
- Royalty
- 6%
- 6% of gross revenues, paid monthly, plus 1% for system advertising (up to 3%) and at least $1,500 a quarter on local advertising
- Brand fund
- 1%
- 1% of gross revenue a month, paid monthly
- Renewal fee
- See terms
- A flat $5,000 for each Franchise
- Agreement length
- 7 years
Where it is
- US locations, 2024
- 12
- Franchised and company-owned
- Franchised
- 6
- Company-owned
- 6
- Change in 3 years
- 0
- Franchised locations, 2022–2024
- States
- 3
- Most in North Carolina, Maryland and South Carolina
Support and records
From Knights of the Razor Inc’s 2025 filing; revenue and net income from its audited financial statements, page 217; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
No Grease! among all franchises with the same figure.
| Figure | No Grease! | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $230,085 | Costs less than 65% of franchises |
| Franchise feePaid once, when you sign | $25,000 | Lower than 82% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 12 | Fewer than 58% of franchises |
How much a No Grease! franchise costs
Opening one No Grease! costs an estimated $157,320 to $302,850. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Knights of the Razor Inc, 2025 filing, page 19
No Grease! franchise fee
The franchise fee is $25,000, for a protected area. You pay it when you sign the franchise agreement.
Source: Knights of the Razor Inc, 2025 filing, page 11
Royalty and ongoing fees
| Royalty | 6% of gross revenues, paid monthly, plus 1% for system advertising (up to 3%) and at least $1,500 a quarter on local advertising. |
|---|---|
| Brand or marketing fund | 1% of gross revenue a month, paid monthly. |
| Renewal Fee | A flat $5,000 for each Franchise |
| Additional Training | Up to $200 per person per day or costs of third party charges. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Knights of the Razor Inc, 2025 filing, page 13
Other fees as filed, from pages 13–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures No Grease! does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Knights of the Razor Inc, 2025 filing, page 52
SBA loans to No Grease! franchisees
Lenders approved 3 SBA 7(a) loans for No Grease! franchisees from 2018 to 2023, $430K in all. One has been paid in full; none was charged off. The other 2 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2024 / 2022–2024. Typical means the median: half of brands are above it, half below.
| Measure | No Grease! | Typical barbershop brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −14% / 0% | +3.3% / +13% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 14% / 17% | 1.5% / 7.1% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical barbershop brand is the median of the 9 brands in barbershop franchises with three years of counts.
How No Grease! compares
Of the 13 barbershop franchises on this site, No Grease! is the cheapest to open and the 10th largest by number of locations.
| Figure | No Grease! | Typical barbershop brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $157K | $290K | $222K |
| Cost to open, high end | $303K | $544K | $477K |
| Franchise fee | $25K | $40K | $40K |
| Royalty | 6% | 6% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 12 | 44 | 21 |
| Shares earnings figures | No | 11 of 13 | 2,147 of 3,352 |
Typical is the median across the 13 brands in barbershop franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2022 | 7 (+1) | 6 | +1 | 0 |
| 2023 | 7 (0) | 6 | 0 | 0 |
| 2024 | 6 (−1) | 6 | 0 | −1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Knights of the Razor Inc, 2025 filing, page 52
Where No Grease! locations are
At the end of 2024, No Grease! had locations in 3 states. The most are in North Carolina, Maryland and South Carolina.
- North Carolina8
- Maryland2
- South Carolina2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| North Carolina | 4 | 4 | 8 |
| Maryland | 1 | 1 | 2 |
| South Carolina | 1 | 1 | 2 |
Source: Knights of the Razor Inc, 2025 filing, page 53
Who owns No Grease!?
No Grease! franchises are sold by Knights of the Razor Inc. Its filing names no parent company.
From Knights of the Razor Inc’s 2025 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 11. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Knights of the Razor Inc, 2025 filing, litigation on page 11, bankruptcy on page 11
No Grease! filings
The figures on this page come from Knights of the Razor Inc’s 2025 filing, issued August 15, 2025, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | August 15, 2025 | NASAA depository | Costs, fees and locations, 2022–2024 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other barbershop franchises
All barbershop franchises
No Grease! is also on these lists: salon franchises.