What was the total number of company-owned Floyds 99 outlets at the end of 2024?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Company-Owned(2) | 2022 | 77 | 76 | -1 |
| 2023 | 76 | 74 | -2 | |
| 2024 | 74 | 73 | -1 |
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, at the end of 2024, there were 73 company-owned Floyds 99 outlets. This is a decrease of one company-owned outlet compared to the 74 at the start of 2024. All company-owned barbershops are owned by entities affiliated with Holdings, the parent company of Floyds 99.
Over the three-year period from 2022 to 2024, the number of company-owned Floyds 99 locations has decreased. In 2022, there were 77 company-owned outlets at the start of the year and 76 at the end. By 2023, these numbers had decreased to 76 and 74, respectively. This trend indicates a slight reduction in company-operated stores, which could be due to various factors such as closures, sales to franchisees, or strategic shifts in the company's business model.
For a prospective franchisee, this information is relevant for understanding the balance between franchised and company-owned locations within the Floyds 99 system. A decrease in company-owned stores might suggest a greater emphasis on franchising as a growth strategy. It is important to note that the FDD states that all numbers are as of December 31 for each year, providing a consistent snapshot of outlet status.
It is also worth noting that the number of franchised Floyds 99 outlets increased from 62 at the start of 2024 to 65 by the end of the year. This growth in franchised locations, coupled with the decrease in company-owned stores, could indicate a strategic decision by Floyds 99 to expand primarily through franchising. A potential franchisee should consider this information when evaluating the overall health and direction of the Floyds 99 franchise system.