What was the net change in the number of company-owned Floyds 99 outlets during 2022?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 49 | 52 | +3 |
| 2023 | 52 | 62 | +10 | |
| 2024 | 62 | 65 | +3 | |
| Company-Owned(2) | 2022 | 77 | 76 | -1 |
| 2023 | 76 | 74 | -2 | |
| 2024 | 74 | 73 | -1 | |
| Total Outlets | 2022 | 126 | 128 | +2 |
| 2023 | 128 | 136 | +8 | |
| 2024 | 136 | 138 | +2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–57)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the net change in the number of company-owned outlets during 2022 was a decrease of one location. At the start of 2022, there were 77 company-owned Floyds 99 locations, and by the end of the year, that number had decreased to 76.
This information is useful for potential franchisees as it provides insight into the operational trends of company-owned stores. A decrease in company-owned locations could signal various factors, such as strategic decisions to focus more on franchising, or challenges in maintaining profitability in certain markets.
It's important to note that all company-owned barbershops are owned by entities affiliated with Holdings, the parent company of Floyds 99. Monitoring these changes over time, as well as comparing the performance of franchised versus company-owned locations, can offer a more comprehensive understanding of the franchise system's overall health and strategic direction.