What sworn statements and lien waivers must a Floyds 99 franchisee obtain?

According to the 2025 Floyds 99 Franchise Disclosure Document, a franchisee must obtain customary contractor's sworn statements and partial and final lien waivers. These documents are specifically required for any construction, remodeling, decorating, or equipment installation performed at the franchised location. This requirement ensures that all contractors involved in setting up the Floyds 99 shop have been properly paid and that no liens can be placed on the property due to unpaid work.

This requirement is a standard practice in franchising, particularly in businesses that require build-out or renovation of a physical location. By securing these sworn statements and waivers, Floyds 99 protects both the franchisee and itself from potential legal and financial liabilities related to construction and contractor disputes. The franchisee bears the responsibility of collecting and providing these documents, adding an administrative task to the setup process.

For a prospective Floyds 99 franchisee, this means carefully managing all contractor relationships and ensuring that all payments are properly documented. It also means understanding the legal implications of lien waivers and sworn statements, possibly requiring consultation with legal counsel. Failing to obtain these documents could result in significant financial risks and delays in opening the Floyds 99 shop.