Who bears the expenses for attending the Floyds 99 national convention or manager retreat?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
e on-site at your Barbershop for at least 10 days after the Barbershop opens and, if this is your first FLOYD'S 99 Shop, present for all of the opening assistance provided by us.
As often as twice annually, you or your Principal Manager may be required to attend, at your expense, a national convention or a manager retreat which may include mandatory training sessions. If you hire a new Principal Manager after your Barbershop opens, that person must attend the initial training program and we will charge tuition of $3,500 for the training. The New Franchise Training Program consists of approximately 5 days of in-shop instruction and tasks in an existing shop location, approximately 5 days of in class training at our principal offices in Greenwood Village, Colorado, and approximately five days of on-site training at your Barbershop (if you are opening your first Barbershop) under the instruction of your Principal Manager. You will also pay wages, travel and living expenses for your Principal Manager and all other managers while they attend training and retreats. We may also require you, your
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 31–38)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, franchisees are responsible for the expenses associated with attending the national convention or manager retreat. The FDD states that as often as twice annually, franchisees or their Principal Manager may be required to attend a national convention or a manager retreat, and this attendance is at the franchisee's expense. These events may include mandatory training sessions.
Furthermore, if a new Principal Manager is hired after the Floyds 99 Barbershop opens, that person must attend the initial training program, for which the franchisee will be charged $3,500 for tuition. In addition to the tuition fee, the franchisee is also responsible for paying the wages, travel, and living expenses for the Principal Manager and all other managers while they attend training and retreats.
Floyds 99 may also require franchisees, their Principal Manager, and other designated management-level employees to attend local or regional seminars or meetings in person up to two times each calendar year, and these also are at the franchisee's expense. This means that franchisees should budget for these potential costs when planning their business expenses. It is common practice in the franchise industry for franchisees to cover the costs of training and ongoing development for themselves and their employees, as it ensures that the team is well-trained and adheres to the brand's standards.