What is the definition of 'abandonment' of the Floyds 99 Shop?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
- a. Abandonment. If the Franchisee ceases to operate the FLOYD'S 99 Shop or otherwise abandons the FLOYD'S 99 Shop for a period of three consecutive days, or any shorter period that indicates an intent by the Franchisee to discontinue operation of the FLOYD'S 99 Shop, unless and only to the extent that full operation of the FLOYD'S 99 Shop is suspended or terminated due to fire, flood, earthquake or other similar causes beyond the Franchisee's control and not related to the availability of funds to the Franchisee;
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, abandonment occurs if the franchisee ceases to operate the Floyds 99 shop for three consecutive days. Abandonment also applies to any shorter period that indicates an intent by the franchisee to discontinue operation of the shop.
However, there is an exception to this rule. If the full operation of the Floyds 99 shop is suspended or terminated due to fire, flood, earthquake, or other similar causes beyond the franchisee's control and not related to the availability of funds to the franchisee, it will not be considered abandonment.
This definition is important for prospective franchisees as abandonment can lead to termination of the franchise agreement by Floyds 99. Franchisees should be aware of this clause and ensure continuous operation of their shop, unless prevented by unforeseen circumstances as outlined in the agreement.