What are some requirements a Floyds 99 franchisee must comply with to renew their franchise agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are an existing franchisee in good standing whose Franchise Agreement expires before December 31, 2025, you may renew your franchise by executing a current Franchise Agreement and the Amendment to Floyd's 99 Franchising, LLC Franchise Agreement (Renewal) ("Renewal Amendment"). A copy of the Renewal Amendment is attached to this Disclosure Document as Exhibit D. On renewal, if necessary, you must remodel the premises to conform with our current standards and specifications and comply with any other requirements to renew.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, franchisees in good standing whose agreements expire before December 31, 2025, have the option to renew their franchise. To do so, they must execute a current Franchise Agreement along with the Amendment to Floyd's 99 Franchising, LLC Franchise Agreement (Renewal), which is included as Exhibit D in the FDD.
In addition to the updated agreement, Floyds 99 may require franchisees to remodel their premises to meet the franchisor's current standards and specifications at the time of renewal. Franchisees must also comply with any other requirements that Floyds 99 deems necessary for renewal.
Prospective franchisees should carefully review Exhibit D and the current Franchise Agreement to understand all the specific terms and conditions for renewal. It is important to note that the renewal requirements can change over time, so franchisees must stay informed about the latest standards and specifications set by Floyds 99.