If a Floyds 99 franchisee is purchasing real property, what approval is required?

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

This approval process is a standard practice in franchising, allowing Floyds 99 to maintain consistency and protect its brand image. The franchisor may evaluate factors such as location demographics, market area characteristics, and the suitability of the property for a Floyds 99 barbershop.

Additionally, the lease for the Franchised Location must contain specific provisions detailed in the Operations Manual, including an initial term (or initial term with renewals) of at least 10 years, landlord consent for the use of Floyds 99's marks and signage, the franchisor's right to enter and modify the premises to protect the marks, and the option for the franchisor to assume and assign the lease to another franchisee in case of default or termination. These stipulations are designed to safeguard the franchisor's interests and ensure the continuity of the Floyds 99 business at the location.