When will a Floyds 99 developer sign the Franchise Agreement for their first Shop?

According to the 2025 Floyds 99 Franchise Disclosure Document, a developer will sign the Franchise Agreement for their first shop at the same time that they sign the Development Agreement. Floyds 99 offers qualified applicants the opportunity to enter into a Development Agreement to develop multiple Floyds 99 shops within a specific geographic area.

This means that prospective franchisees interested in developing multiple Floyds 99 locations will need to be prepared to commit to the full scope of the Development Agreement from the outset. This includes agreeing to the development schedule and other terms outlined in the agreement. The Franchise Agreement that developers sign for their first shop may differ from the sample Franchise Agreement included in the FDD, as it will be the then-current form offered to new franchisees.

This simultaneous signing is a critical point for potential developers to consider. It signifies a firm commitment to opening the first location as part of a larger development plan. Franchisees should carefully review both the Development Agreement and the Franchise Agreement to fully understand their obligations and the franchisor's expectations. They should also be aware that the terms of the Franchise Agreement could change between the time they sign the Development Agreement and when they sign subsequent Franchise Agreements for additional locations.