Who is the current manufacturer of Proprietary Items for Floyds 99?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
In addition to the POS System, we require that you purchase from designated or approved sources, certain branded hair care products and other proprietary hair care accessories that we have developed ("Proprietary Items"). Lefty's is currently a manufacturer of Proprietary Items. Salon Innovations, Inc. (dba Pro47), a hair care products distribution company based in Minnesota which is unaffiliated with us, is the designated supplier of the Proprietary Items manufactured by Lefty's. We reserve the right to change or designate suppliers (including changing the suppliers to us or our affiliates) at our discretion in the future. We refrain from divulging the formulations for Proprietary Items because we maintain the formulations as trade secrets. Pro47 charges standard and customary prices for a professional hair care line selling directly to a volume purchasing group of salons. Pro47 charges the same prices to franchised Barbershops as it charges to company and affiliate-owned Barbershops.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 24–29)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Lefty's is the current manufacturer of Proprietary Items for sale in Floyds 99 Barbershops. Salon Innovations, Inc. (dba Pro47), which is a hair care products distribution company based in Minnesota and is unaffiliated with Floyds 99, is the designated supplier of these Proprietary Items manufactured by Lefty's. Floyds 99 retains the right to change or designate suppliers at their discretion in the future, including changing the suppliers to Floyds 99 or their affiliates.
For the fiscal year ending December 31, 2024, Lefty's revenues related to purchases of Proprietary Items by Floyds 99 franchisees was $722,268, which accounted for 33% of Lefty's total revenue of $1,956,463. This indicates a significant reliance on the Floyds 99 franchise system for Lefty's revenue.
Floyds 99 maintains the formulations for Proprietary Items as trade secrets and states that Pro47 charges standard and customary prices for a professional hair care line selling directly to a volume purchasing group of salons. Pro47 charges the same prices to franchised Barbershops as it charges to company and affiliate-owned Barbershops. This suggests that franchisees should expect fair and consistent pricing for these items, aligning with industry standards for professional hair care products.