What is the management requirement for a Floyds 99 shop?

According to the 2025 Floyds 99 Franchise Disclosure Document, proper management of each shop is important. Floyds 99 requires that one of the principal owners of the franchisee entity, and the designated Principal Manager (if applicable), must have completed the initial training program and be responsible for the shop's management at all times. If this is the first franchise agreement between the franchisee and Floyds 99, the franchisee's principal owner must be actively involved in the day-to-day management of the shop.

Floyds 99 also mandates initial training for either the franchisee (if an individual) or the principal owner of the franchisee entity. If the barbershop is not the first one developed by the franchisee, then the individual designated to assume primary responsibility for the shop's overall management (the "Principal Manager") must attend the initial training program. Successful completion of this program is a prerequisite for performing the duties of Principal Manager. This training program consists of approximately 40 hours of classroom training and 7 to 10 days of in-shop training at a location designated by Floyds 99.

If Floyds 99 determines that a shop is not being managed properly or is not being operated by someone who has completed the mandatory initial training, they are authorized to appoint an interim Principal Manager. This is to ensure the shop continues to operate without interruption, which could harm the Floyds 99 system. Floyds 99 can deem a franchisee incapable of operating the shop if the franchisee is absent, incapacitated, has failed to pay debts, or has liens against the shop. During this period, Floyds 99 will manage the shop's finances, covering expenses and compensating their representatives, and may charge a reasonable management fee in addition to royalties and other fees.