How many Floyds 99 locations in California ceased operations for other reasons in 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 Oth
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 location in California ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2023. The table provided in Item 20 details the changes in outlet numbers for the years 2022, 2023 and 2024. In 2023, the number of Floyds 99 locations in California decreased from 4 to 3 due to one location ceasing operations for other reasons.
This information is crucial for potential franchisees as it provides insight into the stability and potential risks associated with operating a Floyds 99 franchise in California. Understanding why a location might cease operations, aside from the typical reasons like termination or non-renewal, can help a franchisee assess the market conditions and potential challenges in that specific region.
It's important to note that the FDD does not specify the exact reasons for these closures, only that they fall outside the standard categories. A prospective franchisee should inquire with Floyds 99 about the specific circumstances leading to these closures to gain a more comprehensive understanding of the risks and opportunities in the California market.