factual

Is there a relocation fee for a Floyds 99 shop, and if so, when is it paid?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

If Franchisor grants Franchisee the right to relocate the FLOYD'S 99 Shop, then Franchisee shall comply with the site selection and construction procedures set forth in Article 5 and pay Franchisor the then-current relocation fee.

Source: Item 22 — CONTRACTS (FDD pages 57–58)

What This Means (2025 FDD)

According to the 2025 Floyds 99 Franchise Disclosure Document, a relocation fee is required if a franchisee is granted the right to relocate their shop. The franchisee must also comply with the site selection and construction procedures outlined in Article 5.

This means that if a Floyds 99 franchisee wants to move their existing shop to a new location, they must first obtain approval from Floyds 99. If approved, the franchisee will be responsible for paying a relocation fee, the amount of which is the then-current fee at the time of relocation.

It is important for prospective franchisees to understand the conditions under which relocation may be necessary or desirable, and to factor in the potential cost of the relocation fee when evaluating the financial viability of their franchise. A prospective franchisee should inquire about the current relocation fee amount from Floyds 99.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.