From whom must a Floyds 99 franchisee purchase security monitoring services and equipment?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
As described in Item 8 above, you must license a specified point-of-sale system (referred to as "POS System") from us or our designated third party vendor. You may, at your option, choose to purchase or lease a back office computer, in addition to the POS System. The POS System allows you to manage walk-in clients, manage reservations, schedule appointments and record sales, process credit cards, and provides you with information necessary to monitor your inventory to prepare financial statements in accordance with our standards and specifications. The POS System has been customized for the business methods we have established for FLOYD'S 99 Shops. Additionally, you must use our designated credit card processing service which operates through our POS System, take security measures that comply with PCI Security Standards and otherwise meet our standards to ensure the security of your network. You must purchase security monitoring services and equipment, including, but not limited to, firewall protection, and security breach insurance, from a vendor we approve. To the extent not already a part of the POS System, we reserve the right to require you to purchase data backup software and services. We have independent access to information through the POS System concerning sales and inventory of your FLOYD'S 99 Shop, and we control the type of information that is provided through the POS System. We require remote access to your POS System. We reserve the right to require you to purchase and install remote support and access software that we specify, in the event these support and access capabilities are not already a part of the POS System, and provide us with the access information we require. If and when we have our own proprietary software developed specially for the Barbershops and made available, we reserve the right to require that you purchase our proprietary software package. We also reserve the right to require you to purchase and use additional hardware and software for a FLOYD'S 99 intranet system among all FLOYD'S 99 Shops, on 30 days prior written notice. The POS System installation, configuration and integration must be performed by or as required by our designated third party vendor and in accordance with our standards and specifications.
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 must purchase security monitoring services and equipment from a vendor approved by Floyds 99. This includes, but is not limited to, firewall protection and security breach insurance.
This requirement ensures that all Floyds 99 locations maintain a consistent level of security to protect customer data and the brand's reputation. By mandating the use of approved vendors, Floyds 99 can ensure that the security measures meet specific standards, such as PCI Security Standards, and are compatible with the point-of-sale (POS) system.
For a prospective franchisee, this means they will not have the freedom to choose their own security providers and must factor in the costs associated with the approved vendor's services and equipment. It is important for potential franchisees to inquire about the specific vendors, the range of services they offer, and the associated costs to accurately assess the financial implications of this requirement.