Must I obtain Floyds 99's approval of the Franchised Location and the lease before signing it?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
You must locate and obtain our approval of the Franchised Location and the lease for your location before you sign it.
No contractual limit exists on the time it takes us to approve or disapprove your proposed location.
However, we typically take 15 to 30 days to approve or disapprove your proposed location, and we will extend your development deadlines when circumstances beyond your reasonable control delay the site selection and approval process. (Sections 5.1, 5.2 and 7.1(b) of the Franchise Agreement and Section 5.3 of the Development Agreement)
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 31–38)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, you must obtain approval of the franchised location and the lease for your location before signing it. Floyds 99 will assist you in locating the site for your Floyds 99 shop by providing their current written criteria for a barbershop location and consulting with you about possible locations.
Floyds 99 does not typically own the premises for your barbershop and lease it to you. While there is no contractual limit on the time it takes Floyds 99 to approve or disapprove your proposed location, they typically take 15 to 30 days to do so. They will also extend your development deadlines if circumstances beyond your reasonable control delay the site selection and approval process.
This requirement ensures that the location meets Floyds 99's standards for success, but it also means you cannot finalize a lease without their go-ahead. This could potentially slow down the process of opening your franchise. As a prospective franchisee, it would be wise to maintain open communication with Floyds 99 during the site selection and leasing process to avoid delays and ensure that all criteria are met before committing to a location.