What is the Floyds 99 franchisee required to do if purchasing real property for the Franchised Location?

According to the 2025 Floyds 99 Franchise Disclosure Document, if a franchisee chooses to purchase real property for their Franchised Location, they must first obtain the Franchisor's prior written approval of the purchase agreement before signing it. This requirement ensures that the location aligns with Floyds 99's standards and operational needs.

This approval process is in place to protect the Floyds 99 brand and ensure consistency across all franchise locations. By requiring franchisees to seek approval, Floyds 99 maintains control over site selection and can ensure that the location is suitable for the business. This can impact a franchisee's timeline and ability to secure a location quickly, as they must factor in the time it takes to get approval from the Franchisor.

In the franchise industry, it is common for franchisors to have approval rights over site selection, whether the franchisee is leasing or purchasing the property. This is because the location of the franchise can significantly impact its success, and the franchisor wants to ensure that all locations meet certain criteria. Prospective franchisees should carefully review the site selection and approval process outlined in the FDD and discuss any concerns with the franchisor before signing a franchise agreement.