What items can Floyds 99 franchisees purchase from suppliers designated or approved by the franchisor?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
g group of salons. Pro47 charges the same prices to franchised Barbershops as it charges to company and affiliate-owned Barbershops.
You will purchase some equipment for your Barbershop, a barber pole, barber chairs, waiting area chairs, hair care supplies and products for retail sale directly from our designated suppliers of these items or through purchasing arrangements we have negotiated. You will also purchase the signs for the exterior of your Barbershop from our designated sign vendors, including neon signs. We require that you purchase information technology services from our designated or approved vendors. Vector Security is currently our designated supplier for network as a service. You can purchase or lease the rest of your equipment, a back office computer, accounting software, credit card processing services, hair accessories and other inventory, supplies, printing services for marketing materials and in-shop signs, and services used, sold or leased through your FLOYD'S 99 Shop only from suppliers designated or approved by us in advance. You must only purchase, lease, sell or use equipment, computers, inventory, supplies and services meeting our standards and specifications. On or before your commencement of our initial training program, or during the lease negotiations phase for a second or subsequent Barbershops, we will make available to you a list of our designated and approved suppliers, the standards and specifications for items to be used, sold or leased by you through your FLOYD'S 99 Shop, as well as our criteria for approving a supplier. We reserve the right to require you to purchase certain items of specified furnishings, supplies, inventory or equipment directly from us or Holdings if we purchase such items in bulk.
We and our affiliates are not currently approved or designated suppliers of any items or services you are required to purchase for your Barbershop with the exception of Elevate, which provides information technology services, and Lefty's, which is a manufacturer of FLOYD'S 99 Proprietary Products. We reserve the right to require you to purchase some or all of the items or services used in your Barbershop from us or our affiliates upon 30 days' written notice to you.
Other than Lefty's and Elevate, we are not currently affiliated with any designated or approved suppliers. Three of our officers are also officers of Holdings and Lefty's, but none of our officers own an interest in Lefty's, a wholly owned subsidiary of Holdings. Three of our officers own an interest in Holdings, the parent of Lefty's. Three of our officers also own minority interests in Elevate. FFL, on behalf of itself and its affiliates, reserves the right to sell products, equipment, supplies and services to franchisees and to derive revenue from such sales.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 24–29)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, franchisees are required to purchase specific items from designated or approved suppliers. These include equipment such as barber poles and chairs, waiting area chairs, hair care supplies, and products for retail sale. Additionally, franchisees must purchase exterior signs, including neon signs, from Floyds 99's designated sign vendors. Information technology services must also be acquired from designated or approved vendors, with Vector Security currently serving as the designated supplier for network services.
For other items, franchisees can purchase or lease from designated or approved suppliers. These include back office computers, accounting software, credit card processing services, hair accessories and other inventory, supplies, printing services for marketing materials, and in-shop signs. All equipment, computers, inventory, supplies, and services must meet Floyds 99's standards and specifications. Floyds 99 will provide a list of designated and approved suppliers, along with the standards and specifications for items, either before the initial training program or during lease negotiations for subsequent locations.
Floyds 99 also requires franchisees to purchase certain branded hair care products and proprietary hair care accessories, referred to as Proprietary Items, from designated or approved sources. Lefty's is a manufacturer of Proprietary Items, and Salon Innovations, Inc. (dba Pro47) is the designated supplier. Floyds 99 reserves the right to change these suppliers in the future. Franchisees must also use operations and accounting software or programs that meet Floyds 99's standards, including the POS system, and may be required to purchase hardware, software, maintenance, or monitoring services to comply with data security standards.
Floyds 99 estimates that the costs of purchases from designated or approved sources, or according to their standards and specifications, may range from 50% to 75% of the total cost of establishing a shop and approximately 5% to 15% of the total cost of operating a shop. Franchisees are not allowed to purchase or lease any inventory, equipment, supplies, or services that Floyds 99 has not approved, or from a supplier that Floyds 99 has not designated or approved without prior written consent.