When was Floyds 99, Inc. formed, and in what state?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
ibit A.
Floyd's 99, Inc., a Colorado entity formed on February 13, 2001, created the FLOYD'S 99 barbershop concept. In February 2005, Floyd's 99, Inc. converted to a limited liability company and changed its name to Floyd's 99 Operating, LLC ("Operating"). On March 27, 2006, Operating changed its name to Floyd's 99 – Colorado, LLC ("Floyd's 99 Colorado"). 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. We share the same principal office address with these companies.
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, Inc. was formed on February 13, 2001, as a Colorado entity. However, the current franchisor is Floyd's 99 Franchising, LLC, which was formed on February 23, 2005, also as a Colorado limited liability company.
This distinction is important for prospective franchisees because it clarifies the legal entity they will be contracting with. While Floyd's 99, Inc. created the initial barbershop concept, Floyd's 99 Franchising, LLC is the entity that grants the franchise rights and is responsible for supporting franchisees.
The FDD also mentions several other affiliated entities, including Floyd's 99 Operating, LLC, Floyd's 99 – Colorado, LLC, Floyd's 99 Holdings, LLC, 3 Lefty's, LLC, and Elevate Services LLC, all formed in Colorado. Understanding the relationships between these entities can provide a clearer picture of the overall Floyds 99 business structure.