How many Floyds 99 outlets opened in Texas 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 Othe
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 3 outlets opened in Texas during 2023. The table provided in Item 20 of the FDD details the number of outlets opened in each state for the years 2022, 2023 and 2024. At the start of 2023, there were 25 Floyds 99 outlets and by the end of 2023, there were 28 Floyds 99 outlets.
For a prospective franchisee, this information indicates the growth and expansion of Floyds 99 in Texas. It can be a positive sign, suggesting a growing market presence and brand recognition in the state. However, it is important to consider other factors such as the performance of these new outlets and the overall market conditions in Texas.
It is also worth noting that the locations in Texas were transferred to a new franchisee, Shear Drive Group, LLC, and the new franchisee maintains some of the same ownership as the prior franchisee. This may indicate a change in ownership or management of existing outlets rather than the establishment of entirely new locations. A prospective franchisee should investigate the reasons behind this transfer and its potential impact on the franchise system in Texas.
Overall, the data suggests that Floyds 99 is expanding in Texas, but a thorough understanding of the market dynamics, the performance of existing outlets, and the reasons behind franchisee transfers is crucial for any prospective franchisee.