When is the Floyds 99 development fee due?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
irectly for any part of the initial investment.
YOUR ESTIMATED INITIAL INVESTMENT- DEVELOPMENT AGREEMENT
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Development |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–24)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the development fee is due upon signing the Development Agreement. The development fee ranges from $99,000 to $375,000, depending on whether the agreement is for 2 to 10 shops. This fee is paid in a lump sum to Floyds 99.
Floyds 99 earns the development fee in full upon receipt for granting the franchisee a geographic territory reserved for Barbershop development. This fee is non-refundable. The initial franchise fee for the first Floyds 99 shop is included in the development fee.
Prospective franchisees should carefully consider the implications of this non-refundable fee. If, for any reason, the franchisee is unable to open the agreed-upon number of locations, they will not receive a refund of the development fee. This is a common practice in franchising, as the fee compensates the franchisor for the time and resources spent in evaluating and approving the franchisee and reserving the territory.