As of the effective date of this Floyds 99 Franchise Disclosure Document, what is the status of the franchise offering registration in California?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
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- The following list reflects the status of the franchise registrations of the Franchisor in the states which require registration:
- A. This proposed registration is effective in the following states: None
- B. This proposed registration is or will shortly be on file in the following states: California, Hawaii, Illinois, Indiana, Maryland, Minnesota, New York, Rhode Island, Virginia and Wisconsin.
- C. States which have refused, by order or otherwise, to register these franchises are: None.
- D. States which have revoked or suspended the right to offer the franchises are: None.
- E. States in which the proposed registration of these franchises has been withdrawn are: None.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the proposed franchise registration is or will shortly be on file in California. This means that Floyds 99 has taken steps to register its franchise offering in California, but the registration may not be fully effective yet. Prospective franchisees in California should verify the current registration status with Floyds 99 or the California Department of Financial Protection and Innovation.
It's important to note that the California Franchise Investment Law requires Floyds 99 to deliver a copy of all proposed agreements related to the sale of the franchise along with the disclosure document. Additionally, the FDD states that Floyds 99's website has not been reviewed or approved by the California Department of Financial Protection and Innovation, and any complaints about the website's content can be directed to that department.
Furthermore, the California addendum to the FDD includes specific information regarding franchisee rights under California law, such as limitations on termination and renewal, inventory repurchase requirements, and provisions related to arbitration. The addendum also clarifies that California law will control if any provision in the Franchise Agreement is inconsistent with it. These stipulations are crucial for prospective franchisees to understand their legal protections within the state of California.