What is the deadline for a Floyds 99 franchisee to respond to an opportunity at a Captive Audience Facility?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
We and our affiliates reserve the right under the Franchise Agreement and Development Agreement to contract with Captive Audience Facilities to develop and operate Barbershops within the facilities and, if the contract includes such a location within your Protected Territory or Development Area, as the case may be, we will contact you and give you the opportunity to develop and operate the Barbershop within the Captive Audience Facility, on terms and conditions agreed to by us in the contract. You must respond within fifteen (15) days of being notified of any opportunity at a Captive Audience Facility whether you want to develop the location and you must comply with the terms of the contract we have negotiated. If you elect not to do so, we or one of our affiliates or another franchisee will have the right to develop the location and you will have no further rights pertaining to the location during the term of the contract.
Source: Item 12 — TERRITORY (FDD pages 38–41)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, if Floyds 99 contracts with a Captive Audience Facility within a franchisee's Protected Territory or Development Area, Floyds 99 will offer the franchisee the opportunity to develop and operate a barbershop within that facility.
The franchisee must respond within fifteen (15) days of being notified of the opportunity, indicating whether they want to develop the location and agreeing to comply with the terms of the contract Floyds 99 has negotiated. This quick turnaround time means a franchisee needs to be prepared to promptly evaluate such opportunities.
If the franchisee declines the opportunity or fails to respond within the 15-day period, Floyds 99, its affiliates, or another franchisee can develop the location, and the original franchisee will lose all rights to that location during the contract term. This highlights the importance of a franchisee's readiness to act swiftly and decisively when presented with such an opportunity to avoid losing potential business within their territory.