To whom does a Floyds 99 franchisee pay the $299 set up fee for the point-of-sale system?

According to the 2025 Floyds 99 Franchise Disclosure Document, a franchisee will pay a $299 set up fee to Floyds 99's designated supplier to configure the point-of-sale (POS) system at the franchisee's Barbershop. This payment is due approximately two months before the Barbershop opens.

This fee covers the cost of configuring the POS system, which includes a laptop, desktop computer, and desktop monitor, along with customized software and related hardware. The franchisee is also responsible for the costs associated with custom reports or other enhancements requested from the POS System provider that are specific to their shop. These additional costs would increase the overall estimate for the POS system.

In addition to the set up fee, the franchisee will also pay a license fee to Floyds 99's designated supplier for the POS software. This license fee is either $2,700 if paid annually upfront or $250 per month. All of these payments, including the set up fee and license fee, are non-refundable once paid. The FDD states that the POS software license fee is paid to their designated vendor, and all other costs are paid directly to third party vendors before the Barbershop opens.

Floyds 99 reserves the right to require franchisees to purchase a new POS system and proprietary software in the future from Floyds 99 or a designated supplier. The initial investment table in Item 7 of the FDD indicates that the total estimated cost for the point-of-sale system, software, office equipment, audio/video, IT, and electronics ranges from $12,000 to $25,000, payable to other suppliers before opening.