factual

What training program must the designated Principal Manager complete for a Floyds 99 franchise?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 6.1 Initial Training Program.

The Franchisee, if the Franchisee is an individual, or the principal owner of the Franchisee entity, or, if the Barbershop governed by this Agreement is not the first Barbershop developed by the Franchise or an affiliate, the individual designated by the Franchisee to assume primary responsibility for the overall management of the FLOYD'S 99 Shop (the "Principal Manager"), must attend the initial training program which is conducted by the Franchisor at one of the Franchisor's designated training facilities.

Successful completion of the initial training program by the Principal Manager is a prerequisite to perform the duties of the Principal Manager.

The Franchisor permits the attendance of two management-level individuals in the Franchisor's initial training program without the imposition of any tuition or fee.

However, the Franchisee is responsible for any and all traveling expenses, living expenses and wages incurred by the Franchisee and its employees in connection with their attendance at the training program.

Participants in the training program do not receive compensation from the Franchisor during their training.

It is mandatory that at least one individual successfully completes the initial training program prior to the commencement of operation of the FLOYD'S 99 Shop by the Franchisee.

The primary objective of the initial training program is to provide comprehensive instruction on the Franchisor's Licensed Methods, trademark protection and brand consistency across FLOYD'S 99 locations.

  • 6.2 Length of Initial Training.

The initial training program consists of a total of approximately 40 hours of classroom training and 7 to 10 days of in Shop training, at a location designated by the Franchisor.

The Franchisor reserves the right to waive a portion of the training program or alter the training schedule, if in the Franchisor's sole discretion, the Franchisee or the Principal Manager has sufficient prior experience or training.

The Franchisor also reserves the right to provide training remotely by live video conferencing or other virtual means.

  • 6.3 Manager Training Programs. If the Franchisee hires a new Principal Manager during the term of this Agreement, that person will be required to successfully complete the Franchisor's initial training program.

Source: Item 22 — CONTRACTS (FDD pages 57–58)

What This Means (2025 FDD)

According to the 2025 Floyds 99 Franchise Disclosure Document, if the franchisee is not an individual or the principal owner, or if the barbershop is not the first one developed by the franchisee, the designated Principal Manager must attend the initial training program. Successful completion of this program is mandatory before the Principal Manager can perform their duties. If a new Principal Manager is hired during the franchise agreement, they must also successfully complete this initial training program.

The initial training program for Floyds 99 consists of approximately 40 hours of classroom training and 7 to 10 days of in-shop training at a location designated by Floyds 99. The primary objective of the training is to provide comprehensive instruction on Floyds 99's Licensed Methods, trademark protection, and brand consistency. Floyds 99 also reserves the right to provide training remotely via live video conferencing or other virtual means.

Floyds 99 permits two management-level individuals to attend the initial training program without any tuition or fees. However, the franchisee is responsible for all traveling, living, and wage expenses incurred by the franchisee and their employees during the training. Participants do not receive compensation from Floyds 99 during their training. Floyds 99 also reserves the right to waive a portion of the training program or alter the training schedule if the franchisee or Principal Manager has sufficient prior experience or training.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.