How many company-owned Floyds 99 outlets were closed in Michigan during 2024?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | Florida | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 2 | 0 | 0 | 0 | 0 | 8 | | | 2024 | 8 | 2 | 0 | 0 | 0 | 0 | 10 | | Kentucky | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Minnesota | 2022 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | Nevada | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Oklahoma | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Texas | 2022 | 24 | 1 | 0 | 0 | 0 | 0 | 25 | | | 2023 | 25 | 3 | 0 | 0 | 0 | 0 | 28 | | | 2024 | 28 | 2 | 0 | 0 | 0 | 0 | 30 | | Totals | 2022 | 49 | 3 | 0 | 0 | 0 | 0 | 52 | | | 2023 | 52 | 10 | 0 | 0 | 0 | 0 | 62 | | | 2024 | 62 | 5 | 0 | 0 | 0 | 2 | 65 | (1) All numbers are as of December 31 for each year.
Table 4.
STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2022 TO 2024(1)
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisees | Outlets Clos
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–57)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, one company-owned outlet in Michigan was closed during 2024. The table provided in Item 20 of the FDD details the status of company-owned outlets from 2022 to 2024, broken down by state. This information is useful for prospective franchisees as it provides insight into the performance and stability of company-owned stores in different regions.
The closure of a company-owned store could be due to various factors, such as poor performance, strategic realignment, or other business decisions made by the parent company. While one closure in a single state may not be a significant cause for concern, it is important for potential franchisees to understand the reasons behind such closures and whether similar factors could affect franchised locations.
Reviewing the trends over the three-year period, it is clear that the number of company-owned Floyds 99 locations in Michigan has decreased. In 2022, there were three outlets, which decreased to two in 2023, and further decreased to one in 2024. This trend may warrant further investigation to understand the specific challenges or opportunities within the Michigan market. A prospective franchisee should inquire about the reasons for these closures and the franchisor's plans for the Michigan market to assess the potential risks and opportunities in that region.