To whom is the POS software license fee paid for a Floyds 99?
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 license fee if paid up front) or $250 per month. None of these payments are refundable once paid. Your costs may be higher if you decide to add more POS terminals or credit card terminals. The POS software license fee is paid to our designated vendor, and all other costs are paid directly to third party vendors before the Barbershop opens. See Item 11. We reserve the right to require you to purchase a new POS system and to pur
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–24)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the POS software license fee is paid to their designated supplier. The annual license fee is $2,700 if paid upfront, or $250 per month. This fee is non-refundable once paid.
In addition to the license fee, franchisees may incur other costs related to the POS system. A $299 setup fee is payable to the designated supplier to configure the POS system at the barbershop approximately two months before opening. Any custom reports or enhancements requested from the POS system provider that are specific to the franchisee's shop are at the franchisee's expense and would increase the estimated costs.
Floyds 99 retains the right to require franchisees to purchase a new POS system or proprietary software from them or a designated supplier in the future. The FDD also notes that the costs for the POS system, software, office equipment, audio/video, IT, and electronics range from $12,000 to $25,000, with half due upon ordering and the other half upon delivery. These costs are paid to other suppliers.