Can the Floyds 99 franchisor change its extension policy?

According to the 2025 Floyds 99 Franchise Disclosure Document, the franchisor has the right to change its extension policy. Specifically, any extensions to the time periods for opening barbershops are subject to Floyds 99's extension policy, which the franchisor may modify over time. These changes could also involve additional fees for the developer.

This policy change has significant implications for prospective franchisees. It means that the terms under which a franchisee can request and be granted an extension to their development schedule are not fixed. Floyds 99 could make it more difficult or more expensive to obtain an extension, impacting a franchisee's ability to meet their development obligations.

For example, if a franchisee is struggling to open a location on time due to unforeseen circumstances, the franchisor could alter the extension policy to impose stricter requirements or higher fees, making it harder for the franchisee to get the extra time needed. Therefore, it is crucial for potential franchisees to understand the current extension policy and consider the risk that it could become less favorable during the term of their agreement. This is a fairly common practice in franchising, as franchisors need the flexibility to respond to changing market conditions and business needs.