In what year did Floyds 99 reacquire any outlets from franchisees?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
022 | 0 | | | 2023 | 0 | | | 2024 | 23 | | Totals | 2022 | 1 | | | 2023 | 0 | | | 2024 | 24 | (1) All numbers are as of December 31 for each year.
Table 3.
STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024(1)
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | Arkansas | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | California | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | Colorado | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | | | 2023 | 10 | 3 | 0 | 0 | 0 | 0 | 13 | | | 2024 | 13 | 0 | 0 | 0 | 0 | 0 | 13 | (2) The locations in Arkansas and Texas noted above were transferred to a new franchisee, Shear Drive Group, LLC, and the new franchisee maintains some of the same ownership as the prior franchisee.
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | Florida | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 2 | 0 | 0 | 0 | 0 | 8 | | | 2024 | 8 | 2 | 0 | 0 | 0 | 0 | 10 | | Kentucky | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Minnesota | 2022 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | Nevada | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Oklahoma | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Texas | 2022 | 24 | 1 | 0 | 0 | 0 | 0 | 25 | | | 2023 | 25 | 3 | 0 | 0 | 0 | 0 | 28 | | | 2024 | 28 | 2 | 0 | 0 | 0 | 0 | 30 | | Totals | 2022 | 49 | 3 | 0 | 0 | 0 | 0 | 52 | | | 2023 | 52 | 10 | 0 | 0 | 0 | 0 | 62 | | | 2024 | 62 | 5 | 0 | 0 | 0 | 2 | 65 | (1) All numbers are as of December 31 for each year.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–57)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the provided tables detailing the status of franchised outlets for the years 2022 to 2024 do not indicate any instances of Floyds 99 reacquiring outlets from franchisees. While the tables provide data on various changes in outlet status, such as openings, terminations, non-renewals, and closures, the 'Reacquired by Franchisor' column consistently shows '0' for all states and years listed. This suggests that, based on the information presented in this document, Floyds 99 did not reacquire any franchised outlets during the specified period.
It is important to note that this information is based solely on the data provided in the tables within Item 20 of the FDD. There might be other circumstances or agreements under which Floyds 99 could reacquire a franchise, but these are not reflected in the provided data. A prospective franchisee should independently verify this information and seek clarification from Floyds 99 regarding their policies and practices related to reacquiring franchised outlets.
For a potential franchisee, the absence of re acquisitions could be seen as a positive sign, indicating a stable relationship between the franchisor and its franchisees. However, it is crucial to understand the conditions under which Floyds 99 might reacquire a franchise, as this could have implications for the franchisee's investment and business operations. Further investigation and direct communication with the franchisor are recommended to gain a comprehensive understanding of this aspect of the franchise agreement.