What was the total number of Floyds 99 outlets opened in 2023 across all states?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
022 | 0 | | | 2023 | 0 | | | 2024 | 23 | | Totals | 2022 | 1 | | | 2023 | 0 | | | 2024 | 24 | (1) All numbers are as of December 31 for each year.
Table 3.
STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024(1)
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | Arkansas | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | California | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | Colorado | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | | | 2023 | 10 | 3 | 0 | 0 | 0 | 0 | 13 | | | 2024 | 13 | 0 | 0 | 0 | 0 | 0 | 13 | (2) The locations in Arkansas and Texas noted above were transferred to a new franchisee, Shear Drive Group, LLC, and the new franchisee maintains some of the same ownership as the prior franchisee.
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Florida | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 2 | 0 | 0 | 0 | 0 | 8 | |
| 2024 | 8 | 2 | 0 | 0 | 0 | 0 | 10 | |
| Kentucky | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Minnesota | 2022 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | |
| 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | |
| Nevada | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Oklahom |
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, in 2023, a total of 10 franchised outlets were opened, as shown in the table summarizing system-wide outlet data. Additionally, separate tables provide a breakdown by state. Specifically, Florida opened 2 outlets, Kentucky opened 1, Minnesota opened 1, Texas opened 3, and Colorado opened 3.
However, the table summarizing company-owned outlets indicates a net decrease of 2 outlets during 2023, which means that the number of company-owned outlets decreased. The table summarizing company-owned outlets indicates that there were 76 company-owned outlets at the start of 2023 and 74 at the end of 2023. The table summarizing franchised outlets indicates that there were 52 franchised outlets at the start of 2023 and 62 at the end of 2023.
Therefore, the total number of Floyds 99 outlets opened in 2023, considering both franchised and company-owned, can be calculated by summing the franchised outlets opened in Florida (2), Kentucky (1), Minnesota (1), Texas (3), and Colorado (3), which equals 10. This aligns with the system-wide outlet summary, which shows a net increase of 8 outlets, with 10 new franchised locations and a decrease of 2 company-owned locations.