Is Floyds 99 Franchising, LLC a subsidiary of any other company?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Floyd's 99 Colorado and FFL are both subsidiaries of Floyd's 99 Holdings, LLC ("Holdings"), a Colorado limited liability company formed on February 23, 2005. 3 Lefty's, LLC, a Colorado limited liability company ("Leftys") formed on March 4, 2005, is also a subsidiary of Holdings. Elevate Services LLC ("Elevate"), a Colorado limited liability company formed on November 2, 2017, is owned, in part, by three of our officers. Elevate is an information technology services company which provides services to FLOYD'S 99 franchisees and other parties. Floyd's 99 Colorado owns and operates our affiliate-owned Barbershops located in Colorado. Lefty's is a manufacturer of branded hair care products which are sold to the Barbershops (both franchised and affiliateowned) by a third-party reseller.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Floyd's 99 Franchising, LLC (referred to as FFL in the document) is a subsidiary of Floyd's 99 Holdings, LLC. Floyd's 99 Holdings, LLC was formed on February 23, 2005, and is a Colorado limited liability company. Floyd's 99 Colorado, LLC and FFL are both subsidiaries of Floyd's 99 Holdings, LLC.
This means that Floyds 99 Franchising, LLC, the entity that franchisees will contract with, is not the ultimate parent company. Floyd's 99 Holdings, LLC, controls FFL. This is a common structure in franchising, where a holding company owns the franchise company along with other related businesses.
In addition to Floyd's 99 Franchising, LLC and Floyd's 99 Colorado, LLC, 3 Lefty's, LLC is also a subsidiary of Holdings. Elevate Services LLC is partially owned by three of the officers of Floyd's 99 Franchising, LLC. Elevate Services LLC provides information technology services to Floyds 99 franchisees and other parties. Floyd's 99 Colorado, LLC owns and operates affiliate-owned Barbershops located in Colorado. Lefty's, formed on March 4, 2005, manufactures branded hair care products which are sold to the Barbershops (both franchised and affiliate-owned) by a third-party reseller.