What is included in the 'Point-of-Sale System, Software, Office Equipment, Audio/Video, IT and Electronics' estimate for a Floyds 99 Barbershop?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 5: Point-of-Sale System, Software, Office Equipment, Audio/Video, IT and Electronics. This item includes the estimated costs to purchase and license one computerized point-of-sale (POS) system (which currently includes one laptop, one desktop computer, and a desktop monitor) and payment for certain customized software and related hardware that you will use in every Barbershop. Unless otherwise specified, one half of the costs for your point-of-sale system, software, office equipment, audio/video, IT and electronics are due when you order these items and the other half of these costs are due upon delivery of these items to you. Approximately two months before your Barbershop opens, you will pay a $299 set up fee to our designated supplier to configure your POS system at your Barbershop. Any custom reports or other enhancements you request from the POS System provider (which are specific to your Shop) are at your expense and would raise the estimates provided in this item. Additionally, you will pay a license fee to our designated supplier in the amount of $2,700 (annual license fee if paid up front) or $250 per month. None of these payments are refundable once paid. Your costs may be higher if you decide to add more POS terminals or credit card terminals. The POS software license fee is paid to our designated vendor, and all other costs are paid directly to third party vendors before the Barbershop opens. See Item 11. We reserve the right to require you to purchase a new POS system and to purchase proprietary software that we may develop in the future from us or a designated supplier. See Items 8 and 11 for other information about the required POS system and computer hardware and software for your Barbershop. In addition to the POS system, this item includes the estimated costs for dedicated web services infrastructure and to purchase a telephone service, a printer capable of copying/scanning/faxing, flat screen televi
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–24)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the estimated initial investment for the Point-of-Sale (POS) System, Software, Office Equipment, Audio/Video, IT, and Electronics ranges from $12,000 to $25,000. This estimate covers the costs to purchase and license a computerized POS system, which includes a laptop, a desktop computer, and a desktop monitor. It also includes payment for customized software and related hardware used in the barbershop. Franchisees should note that one half of the costs are due upon ordering, and the remaining half is due upon delivery.
In addition to the POS system, the estimate includes costs for dedicated web services infrastructure, telephone service, a printer capable of copying/scanning/faxing, flat screen televisions, a reception desk, audio/video equipment, and a security system with cameras. A $299 set up fee is payable to the designated supplier to configure the POS system approximately two months before the barbershop opens. Furthermore, there is a license fee payable to the designated supplier, amounting to $2,700 if paid annually upfront or $250 per month.
Prospective franchisees should be aware that any custom reports or enhancements requested from the POS system provider, specific to their shop, are at their own expense and will increase the overall estimate. The costs may also be higher if the franchisee decides to add more POS terminals or credit card terminals. The POS software license fee is paid to the designated vendor, while all other costs are paid directly to third-party vendors before the barbershop opens. These payments are non-refundable once paid. Floyds 99 reserves the right to require franchisees to purchase a new POS system and proprietary software in the future from them or a designated supplier.