When is the initial franchise fee for a single Floyds 99 Barbershop payable?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
elopment of Barbershops and is non-refundable.
Franchise Agreement
Although we do not typically grant franchise rights to own and operate a single FLOYD'S 99 Shop, if you are granted the right to own and operate a single Barbershop a non-refundable initial franchise fee of $49,500 is payable to us in full when you sign your Franchise Agreement.
VetFran Program
We proudly participate in the International Franchise Association's Veterans Transition Franchise Initiative, otherwise known as "VetFran." If you are a new franchisee and one of your owners is a veteran who was honorably discharged from the United States Armed Forces or is on active duty on the date you sign your Franchise Agreement, we reduce the initial franchise fee for your first new franchise if that individual owns at least 10% of the franchisee. The reduced fee will be $37,125, which is a $12,375 or 25% discount. A discount will no
Source: Item 5 — INITIAL FEES (FDD page 14)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, if you are granted the right to own and operate a single barbershop, you must pay a non-refundable initial franchise fee of $49,500. This fee is payable in full when you sign the Franchise Agreement.
This means that before you can begin operating your Floyds 99 franchise, you must provide the full initial franchise fee upon signing the agreement. This upfront payment grants you the right to use the Floyds 99 brand, system, and trademarks. It is important to note that this fee is generally non-refundable, so prospective franchisees should carefully consider their decision before signing the agreement.
For veterans who qualify under the VetFran program, a reduced initial franchise fee of $37,125 is available, representing a 25% discount of $12,375, provided the veteran owns at least 10% of the franchise and meets other requirements. However, this discount does not apply to franchises developed under a Development Agreement. This incentive encourages veterans to join the Floyds 99 franchise system by lowering the initial financial barrier.