How many Floyds 99 outlets experienced non-renewals in 2022?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
022 | 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 Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | Arkansas | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | California | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | Colorado | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | | | 2023 | 10 | 3 | 0 | 0 | 0 | 0 | 13 | | | 2024 | 13 | 0 | 0 | 0 | 0 | 0 | 13 | (2) The locations in Arkansas and Texas noted above were transferred to a new franchisee, Shear Drive Group, LLC, and the new franchisee maintains some of the same ownership as the prior franchisee.
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 no non-renewals of franchise agreements across all states in 2022. The data provided in the tables for various states, including Arkansas, California, Colorado, Florida, Kentucky, Minnesota, Nevada, and Texas, indicates zero non-renewals for that year. This suggests that all franchisees who had agreements up for renewal in 2022 chose to renew their agreements with Floyds 99.
This information is crucial for potential franchisees as it provides insight into the stability and satisfaction of current franchisees within the Floyds 99 system. A high number of non-renewals could indicate dissatisfaction among franchisees, potentially due to profitability issues, lack of support from the franchisor, or other operational challenges. The absence of non-renewals in 2022 suggests a healthy relationship between Floyds 99 and its franchisees, as well as potentially strong performance of the franchise locations.
It is important to note that while there were no non-renewals in 2022, other factors such as terminations or ceased operations could still impact the overall stability of the franchise system. However, the data provided also indicates zero terminations and ceased operations for the listed states in 2022, further reinforcing the positive outlook. Prospective franchisees should consider this information in conjunction with other aspects of the FDD, such as financial performance representations and franchisee testimonials, to gain a comprehensive understanding of the franchise opportunity.
While the tables provide a state-by-state breakdown, they do not include every state where Floyds 99 operates. For a complete picture, a prospective franchisee should review the full Item 20 exhibit in the FDD and consider speaking with current and former franchisees to gather additional insights into their experiences with the renewal process and overall satisfaction with the Floyds 99 franchise system.