In what state did Floyds 99 close one company-owned outlet in 2023?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| 52 | | | 2023 | 52 | 10 | 0 | 0 | 0 | 0 | 62 | | | 2024 | 62 | 5 | 0 | 0 | 0 | 2 | 65 | (1) All numbers are as of December 31 for each year.
Table 4.
STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2022 TO 2024(1)
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of Year |
|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 5 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–57)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, one company-owned outlet was closed in Maryland and one in Michigan during 2023. The table provided in Item 20 of the FDD details the status of company-owned outlets for the years 2022 to 2024.
Specifically, in Maryland, the number of outlets decreased from 10 at the start of 2023 to 9 at the end of the year, indicating one closure. Similarly, in Michigan, the number of outlets decreased from 3 at the start of 2023 to 2 at the end of the year, also indicating one closure.
This information is relevant for prospective franchisees as it provides insight into the stability and performance of company-owned Floyds 99 locations. Closures can be indicative of market challenges or strategic decisions by the franchisor, which franchisees should consider during their due diligence.