For Floyds 99, when are the payments for equipment, furnishings, finishes, and supplies due?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
- Note 3: Equipment, Furnishings, Finishes and Supplies. This includes custom barber chairs, comfortable waiting area seating, and certain other furnishings, equipment and finishes.
For the equipment, furnishings, finishes and supplies that you order, one half of these costs are due when you order these items and the other half of these costs are due upon delivery of these items to you.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–24)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, payments for equipment, furnishings, finishes, and supplies are split into two installments. One half of the total cost is due when the franchisee orders these items. The remaining half is due upon delivery of the items to the franchisee.
This payment structure means a prospective Floyds 99 franchisee needs to budget carefully and have sufficient capital available both at the time of ordering and upon delivery. This could impact cash flow, especially if there's a significant delay between ordering and receiving the equipment. Franchisees should confirm delivery timelines with suppliers to plan their finances accordingly.
Splitting payments in this manner is a fairly common practice in franchising, as it helps to mitigate the risk for both the franchisee and the suppliers. The initial payment secures the order, while the final payment ensures the franchisee is satisfied with the delivered goods. Franchisees should ensure they inspect all items upon delivery to confirm they meet the required standards before making the final payment.