What obligations does the proposed Floyds 99 transferee have regarding the initial training program?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
6.1 Training Program. Developer acknowledges that Franchisor retains the right, in its sole discretion, to waive the initial training program, which is similar to the training outlined in Section 6.1 of the concurrently executed Franchise Agreement, for subsequent Barbershops developed under this Agreement. Developer may also seek additional assistance from Franchisor concerning site selection, site feasibility studies, lease negotiations, and other development-related matters within its designated Development Area. For purposes of clarification, the "additional assistance" described in this Section is assistance that Developer requests which is not otherwise part of the initial training program. Should Franchisor opt to provide such additional assistance, Developer acknowledges that Franchisor may incur expenses such as travel, lodging, living expenses, telephone charges and other identifiable costs. Franchisor reserves the right to charge Developer for incurred expenses, along with a fee based on hourly time spent by Franchisor's employees in providing such additional assistance. This fee will be assessed in accordance with the prevailing daily or hourly rates set by Franchisor for assistance.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
Based on the 2025 Floyds 99 Franchise Disclosure Document, the franchisor retains the right to waive the initial training program for subsequent barbershops developed under the Development Agreement. The initial training program for subsequent Barbershops developed under the Development Agreement is similar to the training outlined in Section 6.1 of the concurrently executed Franchise Agreement.
Floyds 99 may provide additional assistance concerning site selection, site feasibility studies, lease negotiations, and other development-related matters within the designated Development Area. This additional assistance is separate from the initial training program and must be requested by the franchisee.
If Floyds 99 opts to provide such additional assistance, the franchisee acknowledges that Floyds 99 may incur expenses such as travel, lodging, living expenses, telephone charges, and other identifiable costs. Floyds 99 reserves the right to charge the franchisee for these incurred expenses, along with a fee based on the hourly time spent by Floyds 99's employees in providing the additional assistance. This fee will be assessed in accordance with the prevailing daily or hourly rates set by Floyds 99 for assistance.