What assistance will the Floyds 99 franchisor provide to the developer in site selection?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
velopment Area;
- (c) grant Developer, upon Developer's reasonable request, up to two (2) extensions of the Development Schedule, each for a period of six (6) months. If Franchisor agrees to provide any extensions, the first extension will be provided at no charge and the second extension, if also provided, will be subject to Developer's payment of a non-refundable $5,000 extension fee; or
- (d) reduce the Development Area and the Development Schedule to a size and magnitude that Franchisor estimates Developer is capable of operating otherwise in accordance with this Agreement.
Any extensions of the time periods to open the Barbershops are subject to Franchisor's extension policy, which may change from time to time and may require Developer to pay additional fees to Franchisor.
5.3 Site Selection. Developer shall not, without the prior written approval of Franchisor, enter into any contract for the purchase or lease of any premises for use as a FLOYD'S 99 Shop. Franchisor will assist Developer in the selection and approval of locations for its Barbershops, although Developer acknowledges that Franchisor has no obligation to select or acquire a location on behalf of Developer. Assistance by Franchisor will consist of the provision of criteria for a satisfactory location and any other assistance set forth in the Franchise Agreement.
6. TRAINING
6.1 Training Program.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the franchisor will assist the developer in selecting and approving locations for their barbershops. This assistance includes providing criteria for a satisfactory location and any other assistance detailed in the Franchise Agreement. However, Floyds 99 is not obligated to select or acquire a location on behalf of the developer.
Floyds 99 also allows developers to seek additional assistance concerning site selection, site feasibility studies, and lease negotiations within their designated Development Area. This "additional assistance" is defined as help requested by the developer that is not part of the initial training program.
If Floyds 99 opts to provide such additional assistance, the developer acknowledges that Floyds 99 may incur expenses like travel, lodging, living expenses, and telephone charges. Floyds 99 reserves the right to charge the developer for these incurred expenses, along with a fee based on the hourly time spent by Floyds 99's employees in providing the assistance, assessed at the prevailing daily or hourly rates set by Floyds 99.