Is the Floyds 99 Development Fee refundable?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
The Development Fee is fully earned by us on receipt for the grant of a geographic territory reserved for your development of Barbershops and is non-refundable.
You should review these figures carefully with a business advisor before making any decision to purchase a franchise. None of the fees estimated in the chart above are refundable.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–24)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the Development Fee is not refundable. The Development Fee is fully earned upon receipt by Floyds 99 for granting a geographic territory reserved for the franchisee's development of Barbershops.
The Development Fee ranges from $99,000 to $375,000 for development agreements covering 2 to 10 shops. This fee compensates Floyds 99 for reserving a specific territory for the franchisee. Because it is non-refundable, a prospective franchisee should carefully consider their ability to develop the agreed-upon number of locations before signing a Development Agreement and paying the fee.
Furthermore, the FDD states that none of the fees estimated in Item 7, which includes the Development Fee, are refundable. This reinforces the importance of due diligence and careful financial planning before investing in a Floyds 99 franchise. Prospective franchisees should consult with business advisors to thoroughly review all financial aspects of the franchise agreement.