When is the Training for New Principal Managers/Operators fee due for a Floyds 99 franchise?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Training for New Principal Managers/Operators1 | Currently, tuition is $3,500; plus expenses to attend (your living expenses will vary) | As incurred | Payable if you are a new Principal Manager/Operator. We require all Principal Managers/Operators to complete our initial training program for a total tuition of $3,500. |
Source: Item 6 — OTHER FEES (FDD pages 14–20)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the Training for New Principal Managers/Operators fee is due as incurred. This means the fee is payable when the training expenses are incurred.
The tuition for this training is currently $3,500, in addition to the franchisee's expenses to attend the training. These expenses include living expenses, which will vary depending on individual choices and circumstances.
Floyds 99 requires all Principal Managers/Operators to complete their initial training program. This training is essential for ensuring that the managers are well-prepared to operate the barbershop according to Floyds 99 standards. The 'as incurred' due date suggests that the franchisee may need to pay the tuition fee and cover their expenses either before, during, or shortly after the training program.