What is the definition of 'Franchised Business' as it relates to the Floyds 99 franchise?

According to the 2025 Floyds 99 Franchise Disclosure Document, a franchised business is defined as a retail hair care business, also referred to as "FLOYD'S 99 Shops" or "Barbershops." These businesses operate using the service mark "FLOYD'S 99" and related trademarks, trade names, and service marks, collectively known as "Marks." Additionally, they employ Floyds 99's specific methods of conducting business, termed "Licensed Methods."

For a prospective Floyds 99 franchisee, this definition clarifies the scope of the franchise. It encompasses not just the physical barbershop but also the brand identity and operational procedures that make up the Floyds 99 system. Franchisees are granted the right to use these Marks and Licensed Methods to establish and operate their barbershops.

This definition is important because it sets the boundaries for what a franchisee is authorized to do under the franchise agreement. It ensures that franchisees adhere to Floyds 99's standards and practices, maintaining consistency across all franchised locations. The use of the Marks and Licensed Methods is central to the franchise, and franchisees must follow these guidelines to maintain their franchise rights.