What are the specific financial qualifications that a proposed Floyds 99 transferee must meet?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) The proposed transferee shall have provided information to Franchisor sufficient for Franchisor to assess the proposed transferee's business experience, aptitude and financial qualification, and Franchisor shall have ascertained that the proposed transferee meets such qualifications;
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, a proposed transferee must provide information sufficient for Floyds 99 to assess their business experience, aptitude, and financial qualifications. Floyds 99 must then ascertain that the proposed transferee meets these qualifications.
This means that if a franchisee wants to sell their Floyds 99 location to someone else, that potential buyer will need to demonstrate to Floyds 99 that they have the skills and resources to successfully run the business. This is a standard practice in franchising, as franchisors want to ensure that new operators are capable of maintaining the brand's standards and reputation.
While the FDD specifies that Floyds 99 needs to assess the financial qualifications, it does not list specific financial requirements such as net worth or liquid asset minimums. A prospective franchisee should ask Floyds 99's franchise sales team for details about the specific financial criteria used to evaluate potential transferees.