What is the monthly license fee for the POS system for a Floyds 99 Barbershop?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
er these items and the other half of these costs are due upon delivery of these items to you. Approximately two months before your Barbershop opens, you will pay a $299 set up fee to our designated supplier to configure your POS system at your Barbershop. Any custom reports or other enhancements you request from the POS System provider (which are specific to your Shop) are at your expense and would raise the estimates provided in this item. Additionally, you will pay a license fee to our designated supplier in the amount of $2,700 (annual lic
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–24)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, franchisees must pay a monthly license fee of $250 to the designated supplier for the Point-of-Sale (POS) system. Alternatively, franchisees have the option to pay an annual license fee of $2,700 upfront. This fee is non-refundable once paid.
In addition to the license fee, franchisees will incur a $299 setup fee to configure the POS system at their Barbershop, payable to the designated supplier approximately two months before opening. The initial investment for the POS system, including software, office equipment, audio/video, IT, and electronics, ranges from $12,000 to $25,000. This initial investment covers the purchase and licensing of a computerized POS system, which includes a laptop, desktop computer, and desktop monitor, as well as customized software and related hardware.
Floyds 99 reserves the right to require franchisees to purchase a new POS system or proprietary software developed in the future from them or a designated supplier. Any custom reports or enhancements requested from the POS system provider that are specific to the franchisee's shop will be at the franchisee's expense, potentially increasing the estimated costs. Franchisees should also be aware that their costs may be higher if they decide to add more POS terminals or credit card terminals.
The POS software license fee is paid to Floyds 99's designated vendor, while all other costs are paid directly to third-party vendors before the Barbershop opens. Prospective franchisees should carefully consider these ongoing and potential additional costs when evaluating the financial feasibility of a Floyds 99 franchise.