How many Floyds 99 franchises in Texas were transferred in 2024?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Texas(2) | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 23 |
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 transfers in Texas during the 2024 fiscal year. This indicates a significant level of ownership change within the Floyds 99 franchise system in Texas during that period.
Franchise transfers can occur for various reasons, such as franchisees selling their businesses to new owners, retirement, or other personal circumstances. A high number of transfers, like the 23 reported for Texas in 2024, could suggest a dynamic market with established businesses changing hands. However, it could also signal potential challenges or dissatisfaction among existing franchisees, prompting them to sell.
A prospective Floyds 99 franchisee should investigate the reasons behind these transfers to better understand the stability and health of the franchise network in Texas. Understanding the context behind these transfers can provide valuable insights into the opportunities and potential risks associated with investing in a Floyds 99 franchise in that state. Further due diligence, including speaking with current and former franchisees, is advisable to assess the overall franchise environment.