What date does the Floyds 99 receipt ask for regarding when the Franchise Disclosure Document was received?
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
You may return the signed receipt either by signing, dating and mailing it to 7900 E. Berry Place, Greenwood Village, CO 80111, or by faxing a copy of the signed and dated receipt to Floyd's 99 Franchising, LLC at (303) 779-8403.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the receipt included as Exhibit O requests the date the prospective franchisee received the Disclosure Document. The receipt includes a space for the franchisee to write in the date, sign, and print their name. This signed receipt must be returned to Floyds 99 Franchising, LLC either by mail or fax. The FDD also states the issuance date of the document is June 10, 2025.
This receipt serves as an acknowledgment that the franchisee received the FDD, which is a crucial step in the franchise sales process. Franchise laws require franchisors to provide the FDD to potential franchisees within a specific timeframe before any binding agreements are signed or payments are made. This allows franchisees adequate time to review the document and make an informed decision.
By signing and dating the receipt, the prospective Floyds 99 franchisee confirms they received the FDD. Floyds 99 needs this to document their compliance with disclosure requirements. The FDD also states that if Floyds 99 does not deliver the Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington D.C. 20580 and the state agency listed on Exhibit A.