Is Floyds 99 Franchising, LLC a wholly owned subsidiary, and if so, of what company?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Floyd's 99 Franchising, LLC (the "Company") is a limited liability company that was organized on February 23, 2005 in the state of Colorado. The Company is engaged in the business of franchising Floyd's 99 Barbershop facilities domestically. The Company is a wholly owned subsidiary of Floyd's 99 Holdings, LLC (Holdings).
The Company is part of a group of companies affiliated by common ownership. The operating results of the Company could vary significantly from those that would have occurred had the Company operated independently.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Floyd's 99 Franchising, LLC is indeed a wholly-owned subsidiary. Specifically, the FDD states that Floyd's 99 Franchising, LLC (referred to as "the Company") is a limited liability company organized in Colorado on February 23, 2005.
As a wholly-owned subsidiary, Floyds 99 Franchising, LLC is under the control and ownership of Floyd's 99 Holdings, LLC (Holdings). The FDD clarifies that Floyds 99 Franchising, LLC is part of a group of companies affiliated by common ownership, and as such, its operating results might differ from those of an independent entity.
This structure is common in franchising, where a holding company owns the franchise system and related entities. For a prospective franchisee, this means that decisions and financial performance of Floyds 99 Franchising, LLC can be influenced by the broader group of companies under Floyd's 99 Holdings, LLC.