What was the total value of prepaid and other current assets reported for Floyds 99 in 2024?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
his franchisee closed one location and continues to operate additional FLOYD'S 99 Barbershops in Minnesota.
- 3In January 2024, Shear Drive, LLC transferred one FLOYD'S 99 Barbershop in Arkansas and 23 Barbershops in Texas to a new franchisee. The current franchisee has some common ownership with Shear Dri
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the balance sheet includes a line item for "Prepaid and other" current assets. However, the provided balance sheet is for the period ending April 27, 2025, and does not contain the figures for 2024. The balance of prepaid and other current assets as of April 27, 2025, is listed as $299,633.
It is important to note that the balance sheet provided is unaudited. Prospective franchisees should be aware that the financial statements for Floyds 99 Franchising, LLC for the period ended April 27, 2025, were prepared without an audit, and no certified public accountant has audited these figures or expressed an opinion regarding their content or form.
To obtain the value of prepaid and other current assets for 2024, a prospective franchisee should request the audited financial statements for the period ended December 29, 2024, from Floyds 99. This will provide a clearer picture of the company's financial position at that time.