What is the significance of Section 5.7 in the Floyds 99 Franchise Agreement?

According to the 2025 Floyds 99 Franchise Disclosure Document, Section 5.7 of the Franchise Agreement is amended by a separate amendment to the agreement. The amendment indicates that within a specified number of days, as defined by the agreement, the franchisee must upgrade and remodel their Floyds 99 shop and its operations as detailed in Exhibit A of the amendment.

This means that franchisees may be required to undertake upgrades and remodels to keep their shops aligned with Floyds 99's current brand standards and operational requirements. The specifics of these upgrades, including the scope and cost, are outlined in Exhibit A to the amendment, which is a crucial document for franchisees to review carefully.

Prospective franchisees should pay close attention to the terms of this amendment and Exhibit A to fully understand the potential financial and operational impact of required upgrades and remodels. It is important to clarify the timeframe for these upgrades and the expected costs to ensure they are factored into the overall investment and business plan for the Floyds 99 franchise.