How many Floyds 99 outlets were sold to franchisees in Minnesota during 2022?
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 Close
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 sold to a franchisee in Minnesota during 2022. The table provided in Item 20 outlines the transfers of outlets from franchisees to new owners, and it shows that one Floyds 99 location in Minnesota was sold to a franchisee during that year. After the transfer, there were zero outlets at the end of 2022.
This information is relevant for prospective franchisees as it provides insight into the stability and transfer activity of Floyds 99 locations. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number might suggest a stable and successful franchise system. In this case, the transfer resulted in zero outlets at the end of the year, which could be a point of concern for potential investors.
It is important to note that this data reflects transfers to new owners other than the franchisor. This means that if a franchisee sold their location back to Floyds 99, it would not be included in this particular table. Reviewing the overall number of franchise transfers and closures can help potential franchisees assess the health and desirability of owning a Floyds 99 franchise in a specific area.