Under what conditions does Floyds 99 pay a referral fee to a franchisee, employee, or other individual?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
We currently operate a franchisee referral program under which we will pay a franchisee, employee or other individual a referral fee if a qualified candidate is referred to us and that candidate signs a Development Agreement or Franchise Agreement and the other conditions of the program are satisfied. We determine the amount of the referral fee and may pay membership fees to public and private services for referrals from identified groups such as veterans or military personnel who are planning to leave the service.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Floyds 99 operates a franchisee referral program. Under this program, Floyds 99 will pay a referral fee to a franchisee, employee, or other individual if they refer a qualified candidate to the company.
To receive the referral fee, the referred candidate must sign a Development Agreement or Franchise Agreement with Floyds 99. The FDD states that other conditions of the referral program must also be satisfied, but it does not specify what those conditions are.
The amount of the referral fee is determined by Floyds 99. Floyds 99 may also pay membership fees to public and private services for referrals from identified groups, such as veterans or military personnel who are planning to leave the service. Prospective franchisees should inquire about the specific conditions and fee amounts associated with the referral program.