What is the estimated range for travel and living expenses during the initial training for a Floyds 99 franchise?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Initial Training: Travel and Living Expenses (See Note 9) | $4,000 – $8,000 | As incurred | Before Opening | Other Suppliers |
- Note 9: Initial Training: Travel and Living Expenses.
Your travel and living expenses when you attend our initial training program will vary depending on the length of your instruction, the distance you must travel and the standard of living you desire while you attend the program.
The estimate in the chart covers expenses for two people attending our New Franchise Training Program, including classroom training and on-the-job training.
If scheduling permits, the on-the-job training includes attendance at the opening of a new Barbershop in Colorado or other location that we designate.
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 estimated initial investment for travel and living expenses during the initial training program ranges from $4,000 to $8,000. This estimate covers the expenses for two people attending the New Franchise Training Program, which includes both classroom and on-the-job training.
The actual amount a franchisee spends on travel and living expenses will depend on several factors. These include the length of the training, the distance traveled to the training location, and the franchisee's preferred standard of living while attending the program. The on-the-job training may involve attending the opening of a new Floyds 99 Barbershop in Colorado or another designated location, if scheduling permits.
Prospective franchisees should consider these factors when budgeting for their initial investment. It is important to note that these expenses are due before opening the Floyds 99 location and are paid to other suppliers. Franchisees may want to inquire about the typical duration and location of the training program to get a more precise estimate of potential travel and living costs.