Does Floyds 99 reserve the right to open locations in non-traditional venues that might compete with a franchisee?

According to the 2025 Floyds 99 Franchise Disclosure Document, Floyds 99 does reserve the right to develop and open locations in non-traditional venues. This is explicitly stated in Item 1 regarding market and competition. This means that while a franchisee may have a protected territory, Floyds 99 could still establish a shop in a non-traditional venue within or near that territory.

Non-traditional venues are not defined in the FDD, but could include locations such as airports, universities, or sports arenas. These venues often have different customer demographics and traffic patterns than traditional retail locations. The FDD also states that competition may come from other male-focused barbershops and chains, national and regional haircutting "discount" chains, rental salon suites, independent high-end salons and potentially other Floyds 99 Shops outside a franchisee's Protected Territory.

This right could potentially impact a franchisee's revenue if a Floyds 99 location in a non-traditional venue draws customers away from their shop. Prospective franchisees should consider this potential for competition when evaluating the franchise opportunity and negotiating the terms of their franchise agreement. It would be prudent to ask Floyds 99 for more clarity on what constitutes a "non-traditional venue" and under what circumstances they would consider opening a location in such a venue near an existing franchise.