What expenses are the franchisee responsible for during the Floyds 99 initial training program?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Before opening your Barbershop, you and your Principal Manager must attend and you or your Principal Manager must complete, to our satisfaction, the initial training program. We do not charge you for training two individuals, and you may request permission to send additional managers to the initial training program if there is space for additional people, after giving first priority to new franchisees. You will pay the travel, living expenses and wages for you and your employees who attend the training session. The initial training program may include reading materials or self-study completed in your home office,
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verbal instruction, computerized slides, videotaped or written materials as part of the classroom training, plus on-the-job training in a FLOYD'S 99 Shop. The purpose of the initial training program is to provide instruction relating to the FLOYD'S 99 standards and specifications, trademark protection and brand consistency across FLOYD'S 99 locations. Overall, our initial training program consists of approximately 4 hours of home study, four days of classroom instruction at our headquarters in Greenwood Village, Colorado, plus 7 to 10 days of on-the-job training in Barbershops at or near our corporate headquarters in Greenwood Village, Colorado, or another location that we may designate. You will attend initial training immediately after you sign your first Franchise Agreement and the Development Agreement. You will receive prework and homework to complete throughout the New Franchise Training Program. We also recommend that you attend the opening of a new Barbershop, if scheduling permits. We reserve the right to provide all training described herein via remote online classes or live video conference.
If you are opening your first FLOYD'S 99 Shop, we provide up to five days of follow-up, on-site training and opening assistance at your Barbershop to you, at a mutually agreed upon time at or around opening, to assist you in the opening of your Barbershop. This opening assistance may be provided by one or more individuals on non-consecutive days. You or your Principal Manager must be on-site at your Barbershop for at least 10 days after the Barbershop opens and, if this is your first FLOYD'S 99 Shop, present for all of the opening assistance provided by us.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 31–38)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, franchisees are responsible for covering certain expenses related to the initial and ongoing training programs. While Floyds 99 does not charge tuition for the initial training of two individuals (the franchisee and their Principal Manager), the franchisee must pay for the travel, living expenses, and wages for themselves and any employees attending the training. This applies to the initial training program and any additional training programs throughout the term of the Franchise Agreement.
For the initial training program, franchisees should budget for transportation to Greenwood Village, Colorado, where the corporate headquarters is located, as well as accommodation and food costs for the duration of the training. They also need to factor in the wages they will pay to their employees while they are away from the barbershop participating in the training. The initial training consists of approximately 4 hours of home study, four days of classroom instruction, and 7 to 10 days of on-the-job training at a Floyds 99 shop.
Moreover, if a franchisee hires a new Principal Manager after the barbershop opens, that person must attend the initial training program, and Floyds 99 will charge a tuition fee of $3,500 for the training. In addition to this tuition fee, the franchisee will also be responsible for the wages, travel, and living expenses for the new Principal Manager while they attend the training. Franchisees should also be aware that they or their Principal Manager may be required to attend a national convention or manager retreat up to twice annually, and they will be responsible for covering these expenses as well.
It is important for prospective Floyds 99 franchisees to carefully consider these training-related costs when evaluating the overall investment required to start and operate a franchise. These expenses can add up quickly, especially if the franchisee sends multiple employees to training programs or if they are required to travel frequently for conventions or seminars. Understanding these financial obligations upfront will help franchisees to better plan and manage their business finances.