What equipment must Floyds 99 franchisees purchase directly from designated suppliers?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
You will purchase some equipment for your Barbershop, a barber pole, barber chairs, waiting area chairs, hair care supplies and products for retail sale directly from our designated suppliers of these items or through purchasing arrangements we have negotiated. You will also purchase the signs for the exterior of your Barbershop from our designated sign vendors, including neon signs. We require that you purchase information technology services from our designated or approved vendors. Vector Security is currently our designated supplier for network as a service. You can purchase or lease the rest of your equipment, a back office computer, accounting software, credit card processing services, hair accessories and other inventory, supplies, printing services for marketing materials and in-shop signs, and services used, sold or leased through your FLOYD'S 99 Shop only from suppliers designated or approved by us in advance. You must only purchase, lease, sell or use equipment, computers, inventory, supplies and services meeting our standards and specifications. On or before your commencement of our initial training program, or during the lease negotiations phase for a second or subsequent Barbershops, we will make available to you a list of our designated and approved suppliers, the standards and specifications for items to be used, sold or leased by you through your FLOYD'S 99 Shop, as well as our criteria for approving a supplier. We reserve the right to require you to purchase certain items of specified furnishings, supplies, inventory or equipment directly from us or Holdings if we purchase such items in bulk.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 24–29)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, franchisees are required to purchase specific equipment and supplies directly from the franchisor's designated suppliers. This includes equipment for the barbershop such as a barber pole, barber chairs, and waiting area chairs. Additionally, franchisees must purchase hair care supplies and products for retail sale, as well as exterior signs, including neon signs, from these designated suppliers.
Floyds 99 also mandates that franchisees obtain information technology services from designated or approved vendors; Vector Security is currently the designated supplier for network as a service. For other equipment like a back-office computer, accounting software, credit card processing services, hair accessories, and other inventory, franchisees can only purchase or lease from suppliers that Floyds 99 has designated or approved in advance.
Floyds 99 retains the right to modify the list of designated and approved suppliers and the standards and specifications for items used in the barbershop. They also reserve the right to require franchisees to purchase certain items directly from them or their Holdings company if they purchase in bulk. This ensures that all Floyds 99 locations maintain a consistent brand image and operational standard, but it also limits the franchisee's choice of suppliers and potentially affects their costs.