How many Floyds 99 outlets closed in Maryland during 2023?
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 Closed
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 outlet closure in Maryland during 2023. The table provided in Item 20 details the outlet status by state and year, showing that Maryland had 10 outlets at the start of 2023 and ended the year with 9, indicating a net decrease of one location due to closure. This closure did not result from the outlet being reacquired by Floyds 99 or sold to another franchisee.
For a prospective franchisee, this information is crucial for assessing the stability and performance of Floyds 99 locations in specific regions. A single closure in Maryland during 2023 might not be alarming on its own, but it prompts further investigation into the reasons behind the closure. Understanding whether the closure was due to market conditions, lease issues, or other factors can help a franchisee evaluate the risks associated with operating in that state or similar markets.
It's also important to note that while the table provides a snapshot of outlet activity, it doesn't offer details on the financial performance or specific circumstances of the closed location. A prospective franchisee should consider speaking with current and former franchisees in Maryland to gain a deeper understanding of the challenges and opportunities in that market. Additionally, they should inquire about the support and resources Floyds 99 provides to help franchisees avoid closures and maintain successful operations.