What specific information does Floyds 99 require to assess a proposed Franchised Location?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
5.1 Approval of Franchised Location. Within two hundred seventy (270) days after the date of execution of this Agreement, the Franchisee shall locate a Franchised Location which is suitable for the operation of the FLOYD'S 99 Shop, have it approved by the Franchisor and sign the lease. If the Franchisee has made reasonable and continuing efforts to locate a Franchised Location, but site availability considerations beyond the control of the Franchisee prevent the selection of a suitable site, the Franchisor will extend the deadline to select a Franchised Location for a reasonable time if the Franchisee requests, in writing, an extension of the time to have the Franchised Location selected before such selection period lapses. The Franchisee shall follow the Franchisor's site selection procedures in locating a Franchised Location for the FLOYD'S 99 Shop, including using the Franchisor's designated site selection service provider to assist the Franchisee in finding a Franchised Location. The Franchisee shall seek the Franchisor's approval of any site proposed as a Franchised Location, by submitting a complete site submittal package, including demographics and other materials requested by the Franchisor, containing all information reasonably required by the Franchisor to assess a proposed Franchised Location. The Franchisor will not unreasonably withhold approval of a proposed site that meets all of the Franchisor's site selection criteria. The Franchisee acknowledges and agrees that the Franchisor's approval of a site and any information provided by the Franchisor regarding the site does not constitute a representation or warranty of any kind, express or implied, as to the suitability of the site for a FLOYD'S 99 Shop. If the Franchisor must disapprove of any site proposed by the Franchisee, the Franchisor will grant the Franchisee an additional, reasonable period of time to obtain approval of a Franchised Location, as may be determined in the Franchisor's reasonable business judgment.
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, franchisees must adhere to specific site selection procedures when choosing a location for their shop. Floyds 99 requires franchisees to submit a comprehensive site submittal package for approval, including demographics and other materials. This package must contain all information Floyds 99 deems reasonably necessary to evaluate the proposed location.
Floyds 99 also provides assistance through a designated site selection service provider, including an on-site visit to help franchisees with space requirements, build-out specifications, and understanding the demographics and characteristics of the surrounding market area. However, the FDD clarifies that Floyds 99's approval of a site does not constitute a warranty or representation regarding the site's suitability for a Floyds 99 shop.
Prospective franchisees should be aware that they must obtain Floyds 99's written approval before executing any lease or lease amendments for the franchised location. Floyds 99 also provides design plans and specifications for the construction, conversion, design, and decoration of the shop, along with information regarding approved suppliers for various items, equipment, and inventory.