Under what conditions can Floyds 99 require franchisees to purchase items directly from them or Holdings?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
We reserve the right to require you to purchase certain items of specified furnishings, supplies, inventory or equipment directly from us or Holdings if we purchase such items in bulk.
We and our affiliates are not currently approved or designated suppliers of any items or services you are required to purchase for your Barbershop with the exception of Elevate, which provides information technology services, and Lefty's, which is a manufacturer of FLOYD'S 99 Proprietary Products. We reserve the right to require you to purchase some or all of the items or services used in your Barbershop from us or our affiliates upon 30 days' written notice to you.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 24–29)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Floyds 99 reserves the right to mandate that franchisees purchase certain items directly from them or Holdings under specific circumstances. Floyds 99 can require franchisees to purchase specified furnishings, supplies, inventory, or equipment from them or Holdings if they purchase such items in bulk.
Floyds 99 also reserves the right to require franchisees to purchase some or all of the items or services used in their Barbershop from Floyds 99 or its affiliates. However, Floyds 99 must provide the franchisee with 30 days' written notice before implementing such a requirement.
Currently, the only exceptions to this are Elevate, which provides information technology services, and Lefty's, which manufactures Floyds 99 Proprietary Products. Floyds 99 is not currently an approved or designated supplier of any other items or services that franchisees are required to purchase for their Barbershop.