What was the total number of company-owned Floyds 99 outlets at the start of 2023?
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 start of 2023, there were 76 company-owned Floyds 99 outlets. This information is part of a system-wide outlet summary that also includes data on franchised locations. The company-owned barbershops are owned by entities affiliated with Holdings, the parent company of Floyds 99.
It's important to note the distinction between franchised and company-owned outlets, as this can impact the overall business strategy and support provided to franchisees. For example, Floyds 99 might have different operational standards or marketing approaches for its company-owned locations compared to franchised ones. Understanding the performance and changes in both types of outlets can give potential franchisees a broader view of the brand's overall health and growth trajectory.
The number of company-owned stores decreased by one in 2022, going from 77 to 76, and then decreased by two in 2023, going from 76 to 74. This trend may be important for a franchisee to investigate, as it could indicate a strategic shift by Floyds 99, or other factors influencing the company's operations. A prospective franchisee might want to ask Floyds 99 about the reasons for these changes and how they might affect franchisees.
Reviewing the trends in both franchised and company-owned locations over several years, as presented in the FDD, allows potential franchisees to assess the stability and growth of the Floyds 99 system. This information, combined with conversations with current franchisees, can provide a comprehensive understanding of the opportunities and challenges within the Floyds 99 franchise network.