Where in the Floyds 99 Franchise Agreement can I find information about the Grant of Franchise?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
2. GRANT OF FRANCHISE
- 2.1 Grant of Franchise. The Franchisor grants to the Franchisee, and the Franchisee accepts from the Franchisor, the right to use the Marks and Licensed Methods in connection with the establishment and operation of one FLOYD'S 99 Shop, at the location described in Section 3.1 of this Agreement. The Franchisee agrees to use the Marks and Licensed Methods, as they may be changed, improved, and further developed by the Franchisor from time to time, only in accordance with the terms and conditions of this Agreement.
- 2.2 Scope of Franchise Operations. The Franchisee shall at all times comply with the Franchisee's obligations hereunder and shall continuously use best efforts to promote and operate the FLOYD'S 99 Shop. The Franchisee shall not engage in any business other than the operation of the Barbershop. The Franchisee shall utilize the Marks and Licensed Methods to operate all aspects of the business franchised hereunder in accordance with the methods and systems developed and prescribed from time to time by the Franchisor, all of which are a part of the Licensed Methods. The Franchisee's FLOYD'S 99 Shop shall offer all services and products as the Franchisor shall designate. The Franchisee shall be restricted from offering or selling any services or products not previously approved by the Franchisor in writing and shall further be restricted from offering the authorized services or distributing the authorized products for nonretail or off-site sale except as permitted by the Franchisor in writing.
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, details regarding the grant of franchise can be found in Section 2 of the Franchise Agreement. Specifically, Section 2.1 outlines that Floyds 99 grants the franchisee the right to use its Marks and Licensed Methods for operating one Floyds 99 Shop at the location detailed in Section 3.1 of the agreement. The franchisee must adhere to the terms and conditions of the agreement and use the Marks and Licensed Methods as updated by Floyds 99.
Section 2.2 further clarifies the scope of franchise operations, stating that the franchisee must continuously promote and operate the Floyds 99 Shop diligently. The franchisee is restricted from engaging in any business other than the operation of the barbershop. All aspects of the franchised business must be operated using the Marks and Licensed Methods prescribed by Floyds 99.
The Floyds 99 Shop must offer all services and products designated by Floyds 99, and the franchisee is restricted from offering or selling any unapproved services or products without prior written consent from Floyds 99. Additionally, the franchisee needs written permission from Floyds 99 to offer authorized services or distribute authorized products for nonretail or off-site sale.