What is the date of the Franchise Agreement mentioned in the Floyds 99 Lease Addendum?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a Disclosure Document with an issue date of June 10, 2025 that included the following Exhibits:
A List of State Agencies/Agents for Service of Process B Development Agreement C Franchise Agreement D Amendment to Franchise Agreement (Renewal) E FLOYD'S 99 Franchised Barbershop Locations F Franchisees Who Have Left the System G Financial Statements H Operations Manual Table of Contents I Nondisclosure and Noncompetition Agreement J State Addenda and Riders to Disclosure Document, Franchise Agreement, Development Agreement and Other Exhibits K General Release L Lease Addendum and Collateral Assignment of Lease M Notice of Restrictive Covenants N Closing Acknowledgement O Receipts Date: (Do not leave blank) Signature of Prospective Franchisee Print Name
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
The Floyds 99 Franchise Disclosure Document (FDD) for 2025 includes a Lease Addendum as Exhibit L. While the FDD receipt mentions the Lease Addendum, it does not specify the date of the Franchise Agreement to which the addendum refers.
Several state-specific riders to the Franchise Agreement are included in the FDD, such as those for New York, Illinois, and Minnesota. These riders indicate that they are dated for the year 20--. However, the specific day and month are not provided, only a space to be filled in. These riders modify specific sections of the Franchise Agreement to comply with state laws.
To determine the exact date of the Franchise Agreement, a prospective Floyds 99 franchisee should review the specific agreement provided to them by the franchisor and consult with a legal professional. This will ensure they understand all the terms and conditions, including the effective date and any state-specific modifications.