What condition must be met for an owner to qualify for the VetFran discount on a Floyds 99 franchise?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
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VetFran Program
We proudly participate in the International Franchise Association's Veterans Transition Franchise Initiative, otherwise known as "VetFran." If you are a new franchisee and one of your owners is a veteran who was honorably discharged from the United States Armed Forces or is on active duty on the date you sign your Franchise Agreement, we reduce the initial franchise fee for your first new franchise if that individual owns at least 10% of the franchisee. The reduced fee will be $37,125, which is a $12,375 or 25% discount. A discount will no
Source: Item 5 — INITIAL FEES (FDD page 14)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, to qualify for the VetFran program discount, a new franchisee must have an owner who is either honorably discharged from the United States Armed Forces or is on active duty on the date the Franchise Agreement is signed. Furthermore, this veteran owner must own at least 10% of the franchise. If these conditions are met, Floyds 99 reduces the initial franchise fee for the first new franchise.
The standard initial franchise fee is $49,500. The VetFran discount reduces this fee by $12,375, bringing the discounted fee to $37,125. This represents a 25% reduction in the initial franchise fee.
It is important to note that this discount does not apply to franchises developed under a Development Agreement. This means that if a franchisee is planning to open multiple Floyds 99 locations through a Development Agreement, the VetFran discount will not be applicable to any of those locations. The VetFran discount is only applicable to the initial franchise fee for a single unit franchise agreement.