What is Vector Security's role as a designated supplier for Floyds 99 franchisees?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
You will purchase some equipment for your Barbershop, a barber pole, barber chairs, waiting area chairs, hair care supplies and products for retail sale directly from our designated suppliers of these items or through purchasing arrangements we have negotiated. You will also purchase the signs for the exterior of your Barbershop from our designated sign vendors, including neon signs. We require that you purchase information technology services from our designated or approved vendors. Vector Security is currently our designated supplier for network as a service. You can purchase or lease the rest of your equipment, a back office computer, accounting software, credit card processing services, hair accessories and other inventory, supplies, printing services for marketing materials and in-shop signs, and services used, sold or leased through your FLOYD'S 99 Shop only from suppliers designated or approved by us in advance. You must only purchase, lease, sell or use equipment, computers, inventory, supplies and services meeting our standards and specifications. On or before your commencement of our initial training program, or during the lease negotiations phase for a second or subsequent Barbershops, we will make available to you a list of our designated and approved suppliers, the standards and specifications for items to be used, sold or leased by you through your FLOYD'S 99 Shop, as well as our criteria for approving a supplier. 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.
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, Vector Security is a designated supplier for network as a service. This means that franchisees are required to purchase information technology services, specifically network services, from Vector Security.
Floyds 99 requires franchisees to purchase certain items from designated or approved vendors to maintain brand consistency and quality control. These items range from barber chairs and hair care products to IT services and signage. The FDD specifies that franchisees must purchase information technology services from designated or approved vendors, and Vector Security is currently the designated supplier for network as a service.
This requirement ensures that all Floyds 99 locations have a standardized and reliable network infrastructure. While franchisees must use Vector Security for network services, they have more flexibility in choosing suppliers for other equipment and services, provided those suppliers meet Floyds 99's standards and specifications. Floyds 99 reserves the right to change designated suppliers, so franchisees should stay informed of any updates to the approved vendor list.