What are some of the requirements a Floyds 99 franchisee must meet to relocate their shop?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
You may not change the location of your Franchised Location or your Protected Territory without our prior written consent, which consent will not be unreasonably withheld. If, during the term of the Franchise Agreement, you wish to relocate your FLOYD'S 99 Shop, or if the FLOYD'S 99 Shop is damaged or destroyed and cannot be repaired within 60 days, you must submit to us in writing the materials we require to consider your relocation request, including information concerning the proposed new location for the FLOYD'S 99 Shop. You must also meet certain other requirements, such as being in compliance with the Franchise Agreement, the location meets our then-current requirements for a FLOYD'S 99 Shop and is located within your Protected Territory, payment of our relocation fee, and you must sign our thencurrent form of Franchise Agreement. We will use our then-current criteria in reviewing a proposed new location for your FLOYD'S 99 Shop. If we permit you to relocate, you will not pay a new initial franchise fee when you sign the new Franchise Agreement but you must pay our then-current relocation fee for our expenses related to reviewing your relocation request.
Source: Item 12 — TERRITORY (FDD pages 38–41)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, a franchisee needs to meet several requirements to relocate their shop. First, the franchisee must obtain prior written consent from Floyds 99, which Floyds 99 will not unreasonably withhold. The franchisee must submit all required materials in writing for Floyds 99 to consider the relocation request, including information about the proposed new location.
Additional requirements include being in compliance with the existing Franchise Agreement. The new location must meet Floyds 99's then-current standards for a shop and must be within the franchisee's Protected Territory. The franchisee will also need to pay Floyds 99's relocation fee and sign the then-current form of the Franchise Agreement.
It is important to note that while the franchisee will not pay a new initial franchise fee, they are responsible for the relocation fee to cover Floyds 99's expenses in reviewing the relocation request. This process ensures that any relocation maintains the brand's standards and strategic placement, while also compensating Floyds 99 for the administrative and evaluation efforts involved.