How many Floyds 99 franchised outlets opened in Minnesota during 2023?
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 | (1) All numbers are as of December 31 for each year.
Table 3.
STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024(1)
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Ot
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 was one franchised outlet that opened in Minnesota during 2023. The number of outlets in Minnesota at the start of 2023 was three, and after the opening of one outlet, the total number of outlets at the end of the year was four. This indicates a moderate growth in the state for Floyds 99 during that year.
It's important to note that while one new franchise opened, the overall growth in Minnesota might be influenced by other factors such as closures or transfers, as detailed elsewhere in the FDD. A prospective franchisee should investigate the reasons behind any closures to understand the market dynamics better. Understanding the net growth alongside new openings provides a clearer picture of the brand's performance in the state.
For a potential franchisee, this information is valuable in assessing the brand's growth trajectory and stability in Minnesota. While one new opening is a positive sign, further research into market conditions and reasons for any closures would be prudent. This will help in making an informed decision about investing in a Floyds 99 franchise in Minnesota.