How long does it take to open a Floyd’s 99 franchise?
For a new Floyd’s 99 Shop, the 2026 FDD estimates approximately nine to twelve months from signing the Franchise Agreement to opening. This is an estimate, not an opening promise. The contract separately requires opening within fifteen months. Site availability, financing, lease approval, construction, equipment delivery, licensing, staffing and successful training can extend the practical path.
Data basis. Legal franchisor: Floyd’s 99 Franchising, LLC. Primary authority: 2026 Franchise Disclosure Document issued July 9, 2026; Items 1, 5–12, 15–17 and 20; Development Agreement §§2.3–6.1; Franchise Agreement §§3.1–7.1, 10.1 and 23; Lease Addendum and Conditional Assignment; and the Permit, License and Construction Certification. Timeline evidence mode: official total timeline. Checked July 16, 2026.
Public context: official Floyd’s 99 franchise website, official candidate next steps, and the FTC consumer guide to buying a franchise. The current FDD and signed agreements control contractual requirements.
What must a Floyd’s 99 applicant qualify for?
Floyd’s 99 currently screens for experienced entrepreneurs with leadership and business acumen, the ability to manage a multi-unit commitment, at least $1.5 million in net worth and $500,000 in liquidity. The official FAQ says salon or barbershop experience is not required. These are public screening criteria, not a guarantee of approval or territory availability.
Capacity is assessed against the development commitment
The Development Area, number of Shops and Development Schedule depend on Floyd’s 99 Franchising, LLC’s judgment of the applicant’s financial capability and qualifications. The FDD does not promise that meeting the public thresholds earns final approval. It also states that Floyd’s 99 Franchising, LLC does not directly or indirectly finance the transaction or guarantee a loan, lease or other obligation.
An approved Principal Manager must be in place
The Principal Manager must devote full time and best efforts, hold authority to deal with Floyd’s 99 Franchising, LLC and be able to reach every Shop within 60 minutes. For an entity franchisee, the manager must hold at least 5% equity, or receive at least 5% of net profits with a right to acquire 5% equity within 12 months.
The official franchise FAQ says candidates should live in the market. Item 15 says the owner and Principal Manager are not necessarily required to live in the Development Area or Protected Territory, while imposing the 60-minute availability rule. Ask Floyd’s 99 Franchising, LLC to explain in writing how its current market-residency screen applies to your ownership group.
What happens between inquiry and opening?
The verified path has nine dependency-based stages. Floyd’s 99 Franchising, LLC controls candidate approval, contract award, site and design approvals, training standards and final opening authorization. The applicant controls financing, entity formation, site pursuit, lease execution, construction, permits, staffing and readiness; landlords, lenders, contractors, suppliers and government authorities control separate dependencies.
Submit the inquiry and complete screening
- Action:
- Provide ownership, market, experience and financial information.
- Actor:
- Applicant and franchise development team.
- Timing:
- No fixed approval period is disclosed.
- Blocker:
- Failure to satisfy financial, leadership, cultural or multi-unit criteria.
Validate the system and review the FDD
- Action:
- Speak with current franchisees, review the FDD and agreements, and attend the official Meet-the-Team Day if invited.
- Actor:
- Applicant; Floyd’s supplies disclosure and access.
- Timing:
- The federal review period precedes binding signature or payment.
- Blocker:
- Unresolved diligence, updated disclosures or lack of final approval.
Receive approval and sign the correct agreement set
- Action:
- Execute the Development Agreement and first Franchise Agreement together for the standard multi-unit path, and pay the applicable signing fees.
- Actor:
- Approved applicant, entity owners and Floyd’s 99 Franchising, LLC.
- Timing:
- After the required disclosure period.
- Blocker:
- Unsettled Development Area, schedule, guaranties or entity ownership; Item 5 says signing fees are fully earned and nonrefundable.
Install management and begin initial training
- Action:
- Designate the Principal Manager, sign required restrictive-covenant documents and attend the New Franchise Training Program.
- Actor:
- Owner, Principal Manager and approved managers.
- Timing:
- Training begins after the first agreements are signed and must be successfully completed before opening.
- Blocker:
- Unapproved management, failed completion or missing local professional licenses.
Find and obtain approval for the site
- Action:
- Use the Designated Area or Development Area, submit the required site package and support an on-site assessment.
- Actor:
- Franchisee and designated site provider; Floyd’s 99 Franchising, LLC approves or rejects.
- Timing:
- Item 11 states 45 days after complete information; the agreement has no express decision clock.
- Blocker:
- Incomplete data, unsuitable trade area, economics or access.
Secure an approved lease and define the territory
- Action:
- Obtain written lease approval before signing; have the landlord accept the Lease Addendum and Conditional Assignment; deliver the signed lease copy within 15 days.
- Actor:
- Franchisee, landlord and Floyd’s 99 Franchising, LLC.
- Timing:
- The site-and-lease sub-deadline runs from Franchise Agreement signing.
- Blocker:
- Landlord terms, contingencies or missing consent.
Design, permit and build the Shop
- Action:
- Provide an as-built survey, use approved architects and contractors, submit plans and obtain written construction approval before work.
- Actor:
- Franchisee, design team, contractor, Floyd’s 99 Franchising, LLC and authorities.
- Timing:
- No universal construction duration is disclosed.
- Blocker:
- Zoning, landlord review, plan revisions, permits, inspections or utility work.
Complete operating readiness
- Action:
- Install approved equipment, signs, POS System and technology; order inventory; deliver required insurance evidence; secure occupancy approval; and hire licensed staff, including at least one barber-license holder and one cosmetology-license holder.
- Actor:
- Franchisee, suppliers, insurer and regulators.
- Timing:
- The Permit, License and Construction Certification is due no later than 30 days before operations.
- Blocker:
- Delivery, insurance, occupancy, licensing or staffing gaps.
Obtain opening authorization and launch
- Action:
- Demonstrate compliance, receive Floyd’s 99 Franchising, LLC’s opening authorization and execute the mutually planned grand-opening campaign, typically 90 to 120 days of promotions for a new Shop.
- Actor:
- Franchisee and Floyd’s 99 Franchising, LLC; vendors support the launch.
- Timing:
- First-Shop assistance may cover up to five days around opening; the owner or Principal Manager must remain on-site for at least 10 days after opening.
- Blocker:
- Opening without approval, incomplete training, deficient buildout or missing legal approvals.
Sequence basis: 2026 FDD Items 1, 8, 9, 11, 12 and 15; Development Agreement §§2.3, 5.1–5.3 and 6.1; Franchise Agreement §§3.1, 5.1–7.1 and 23. The public-facing discovery sequence is described on the official Next Steps page.
Does site approval create a protected territory?
No. The Designated Area is a non-exclusive search area. Site approval means Floyd’s 99 Franchising, LLC accepts a proposed location; lease approval addresses the real-estate terms. The Protected Territory is defined around the Franchised Location only after the approved site is secured. A Development Area is a separate multi-unit concept and remains conditioned on the Development Schedule.
Item 11 reports a 45-day site decision after receipt of all required information and an on-site assessment, while another assistance summary says Floyd’s typically takes 15 to 30 days. The Franchise Agreement states no express approval-decision period. Treat these as disclosed practices, not a guaranteed response deadline, and verify what makes a submission complete.
What training must be completed before opening?
The owner or principal owner and Principal Manager must attend, and at least one required attendee must successfully complete the initial program before the Shop opens. Floyd’s 99 Franchising, LLC includes tuition for two management-level attendees, but the franchisee pays travel, lodging, wages and related expenses. Floyd’s 99 Franchising, LLC may use remote instruction and may adjust portions based on experience.
Compatible hour-based components in the 2026 FDD training description and table
Interpretation: the largest disclosed hour block is on-the-job training, including first-Shop pre-opening technical and front-desk modules at the new Barbershop. Training remains separate from state barbering and cosmetology licensing.
Source: 2026 FDD Item 11, pp. 30–32; Franchise Agreement §§6.1–6.2, p. 7. See also the official support and training overview.
Who controls each opening dependency?
Floyd’s 99 Franchising, LLC provides standards, review and assistance; it does not replace the franchisee, landlord, lender, contractor, supplier or government authority. The opening date therefore depends on separate actors completing their own deliverables in the right order.
Applicant or franchisee
Proves qualifications, funds the project, forms the entity, appoints the Principal Manager, finds the site, negotiates the lease, hires professionals, builds the Shop, obtains licenses, orders systems and inventory, hires licensed personnel, binds insurance and requests extensions before deadlines expire.
Floyd’s 99 Franchising, LLC
Approves the candidate and agreement path, defines the search area, reviews the site and lease, supplies design standards and the Operations Manual, approves plans and sources, conducts initial training, supports the first opening and must authorize the Shop before operations begin.
Third parties
The landlord accepts lease protections; a lender decides financing; architects and contractors produce compliant work; suppliers deliver approved assets; insurers issue coverage; and state or local authorities control zoning, permits, occupancy, Barbershop requirements and professional licensing.
How do multi-unit, single-unit and resale paths differ?
The current offer is primarily a multi-unit development program. A single new Shop may be awarded case-by-case, while a Resale Shop adds an Asset Purchase Agreement and may eliminate much of the new-site and buildout path. The agreement package must match the transaction actually approved.
Development Agreement plus first Franchise Agreement
The Development Area and Development Schedule are negotiated for the specific deal. At least two Shops are required. Each later Shop receives a separate then-current Franchise Agreement, generally signed within 10 days after Floyd’s approves its location.
Available only case-by-case
The approved site becomes the Franchised Location under a Franchise Agreement. The site, lease, design, training, readiness and opening-authorization requirements remain applicable unless the written deal states otherwise.
Asset Purchase Agreement plus franchise documents
The buyer signs a Franchise Agreement and, when applicable, a Development Agreement. Because the Shop is already operating, the FDD excludes the standard new-opening timeline and several site, design, buildout and grand-opening assistance provisions; training still applies.
The form Development Agreement does not disclose a universal cadence because Exhibit I is completed for each award. Missing a scheduled opening can permit termination, reduction of the Development Area or new awards to others. Floyd’s 99 Franchising, LLC may grant up to two six-month extensions in its discretion; the first has no extension fee and the second carries a $5,000 nonrefundable fee. An extension is not automatic.
What should be verified before signing and before opening?
Verify the terms that determine whether the project can reach an authorized opening. Use current documents, dates and written approvals for the exact market, entity and format.
Confirm how the $1.5 million net-worth and $500,000 liquidity screens apply to the ownership group and number of Shops.
Identify every owner, required guarantor and the approved Principal Manager before agreement execution.
Review the completed Development Area, Development Schedule and extension language; blank form exhibits do not establish your dates.
Ask what constitutes a complete site submission and which site-review timing statement Floyd’s will apply.
Require lease contingencies, the Lease Addendum and Conditional Assignment to be resolved with the landlord before signing.
Confirm local shop, barbering, cosmetology, occupancy, signage and employment requirements with the relevant authorities and advisers.
Map approved architects, contractors, suppliers, POS System, insurance and delivery lead times onto the contractual deadlines.
Obtain the written pre-opening checklist, inspection expectations and person authorized to issue final opening approval.
Speak with current and former franchisees listed in Item 20 and Exhibits E and F about actual site, construction and training delays.
Request the most recent FDD and updates before signing; review any materially completed or changed agreement terms under the FTC Franchise Rule FAQs.
What is the verified Floyd’s 99 opening path?
The verified path is screening, validation, FDD review, final approval, correct agreement execution, management and training, site and lease approval, construction, regulatory readiness and written opening authorization. The total timeline is an official FDD estimate, not a guarantee.
The most important applicant-controlled dependency is securing an approvable site and lease early enough to build, staff and license the Shop. The main dependencies controlled by Floyd’s 99 Franchising, LLC and third parties are timely approvals, landlord consent, financing, construction, deliveries and government inspections. Before signing, verify the deal-specific Development Schedule; before opening, verify Floyd’s 99 Franchising, LLC’s final authorization criteria and any written deadline extension.