What is the role of Elevate Services LLC in relation to Floyds 99 franchisees?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Elevate Services LLC ("Elevate"), a Colorado limited liability company formed on November 2, 2017, is owned, in part, by three of our officers. Elevate is an information technology services company which provides services to FLOYD'S 99 franchisees and other parties.
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, Elevate Services LLC ("Elevate") is an information technology services company that provides services to Floyds 99 franchisees and other parties. Elevate was formed on November 2, 2017, and is owned, in part, by three of the officers of Floyds 99.
This arrangement means that Floyds 99 franchisees may be required or incentivized to use Elevate for their IT needs. Because Elevate's owners also have a stake in Floyds 99, this could create a potential conflict of interest. While it may streamline IT support and ensure brand-wide consistency, franchisees should independently evaluate Elevate's services, pricing, and contract terms to ensure they align with their business needs and budget.
Prospective franchisees should carefully consider the implications of using a related IT service provider. They should inquire about the specific services Elevate provides, the costs associated with those services, and whether there are alternative IT service providers that franchisees can use. It would also be prudent to understand the process for resolving any disputes that may arise with Elevate's services.