How many Floyds 99 franchise outlets were transferred to new owners in Texas during 2024?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Arkansas(2) | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Nevada | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Texas(2) | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 23 | |
| Totals | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 24 |
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, there were 23 franchise outlets in Texas that were transferred to new owners during 2024.
This information is valuable for prospective franchisees as it provides insight into the stability and desirability of Floyds 99 franchises in Texas. A high number of transfers could indicate a strong market for buying and selling franchises, but it could also signal potential issues with franchise performance or franchisee satisfaction that a prospective franchisee should investigate.
It is important to note that the FDD specifies that the locations in Arkansas and Texas were transferred to a new franchisee, Shear Drive Group, LLC, and the new franchisee maintains some of the same ownership as the prior franchisee. This detail suggests that some transfers may not represent a complete change in ownership and could be related to internal restructuring or business adjustments within the franchise system. A prospective franchisee should inquire about the reasons behind these transfers to fully understand the context.
Overall, the transfer data provides a starting point for further due diligence. Potential franchisees should investigate the reasons for the transfers, the performance of transferred outlets, and the experiences of both previous and new owners to make an informed decision about investing in a Floyds 99 franchise in Texas.