To whom are all other POS system costs paid for a Floyds 99?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Point-of-Sale System, Software, Office Equipment, Audio/Video, IT and Electronics (See Note 5) | $12,000 – $25,000 | As incurred | Before opening | Other Suppliers |
This item includes the estimated costs to purchase and license one computerized point-of-sale (POS) system (which currently includes one laptop, one desktop computer, and a desktop monitor) and payment for certain customized software and related hardware that you will use in every Barbershop.
Unless otherwise specified, one half of the costs for your point-of-sale system, software, office equipment, audio/video, IT and electronics are due when you order 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 purchase proprietary software that we may develop in the future from us or a designated supplier.
See Items 8 and 11 for other information about the required POS system and computer hardware and software for your Barbershop.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–24)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the costs for the Point-of-Sale (POS) system, software, office equipment, audio/video, IT, and electronics range from $12,000 to $25,000. These costs are paid to other suppliers before the Barbershop opens.
Specifically, one-half of the costs for the POS system, software, office equipment, audio/video, IT, and electronics are due when the franchisee orders these items, and the other half is due upon delivery. Additionally, franchisees will pay a $299 set-up fee to Floyds 99's designated supplier to configure the POS system. Franchisees also pay a license fee to the designated supplier of $2,700 annually (if paid upfront) or $250 per month. These payments are non-refundable once paid.
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 raise the initial investment estimates. The franchisee's costs may also be higher if they decide to add more POS terminals or credit card terminals. Floyds 99 reserves the right to require franchisees to purchase a new POS system and proprietary software from them or a designated supplier in the future.