How are the expenses of the independent appraiser divided between the Floyds 99 franchisor and franchisee?

According to Floyds 99's 2025 Franchise Disclosure Document, when determining the purchase price of a franchise, three independent appraisers are used to assess the fair market value. The purchase price is determined by the median value reported by the appraisers. The expenses for each party's selected appraiser are borne by that party. The expenses of the third appraiser are split evenly between Floyds 99 and the franchisee.

For a prospective franchisee, this means that if Floyds 99 decides to purchase the franchise, the franchisee will be responsible for the full cost of their chosen appraiser. Additionally, they will need to cover half the cost of the third appraiser, regardless of whether that appraiser was mutually agreed upon or selected by a neutral party.

This arrangement is fairly typical in franchise agreements where valuation is required. It ensures that both parties have a say in the valuation process while sharing the cost of a neutral opinion. However, franchisees should be aware of these potential costs when considering the sale of their Floyds 99 franchise.