What is the range for the Floyds 99 Development Fee, and how many shops does this cover?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
irectly for any part of the initial investment.
YOUR ESTIMATED INITIAL INVESTMENT- DEVELOPMENT AGREEMENT
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Development Fee (See Note 1) | $99,000 to $375,000 (2 – 10 Shops) | Lump Sum | Upon signing the Development Agreement | Us |
| Other Expenditures for first FLOYD'S 99 Shop (less initial franchise fee for first FLOYD'S 99 Shop, which is included in the Development Fee) | $350,000 to $718,000 | As disclosed in first table under Item 7 | As disclosed in first table under Item 7 | As disclosed in first table under Item 7 |
| (See Note 2) TOTAL ESTIMATED INITIAL INVESTMENT (See Note 3) | $449,000 to $1,093,000 |
Explanatory Notes
- Development Fee. The chart provides an estimate of your initial investment to open your first FLOYD'S 99 Shop assuming you sign a Development Agreement to develop 2 (low estimate) or 10 (high estimate) Barbershops. When you sign a Development Agreement to open multiple Barbershops, you must pay a Development Fee which will vary based on the number of Barbershops you commit to develop.
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 Development Fee ranges from $99,000 to $375,000. This fee covers a development agreement for opening between 2 and 10 shops. The Development Fee is paid in a lump sum upon signing the Development Agreement and is paid to Floyds 99.
The Development Fee structure involves paying $49,500 for each of the first two barbershops and $34,500 for the third and each subsequent barbershop. For example, if a franchisee commits to opening three shops, the Development Fee would be $49,500 for the first shop, $49,500 for the second shop, and $34,500 for the third shop, totaling $133,500.
It is important to note that the Development Fee is fully earned by Floyds 99 upon receipt for granting the franchisee a geographic territory reserved for their development of barbershops. This fee is non-refundable, regardless of whether the franchisee successfully opens all the committed locations. Prospective franchisees should carefully consider their ability to meet the development schedule and financial obligations before signing a Development Agreement.