What criteria must the Franchise Territory and franchise site for Afuri Ramen Dumpling comply with?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Franchise Premises and Franchise Territory. The Franchise Territory for each franchise will be designated by us before you open each relevant Franchise Premises. The Franchise Territory and your Franchise Premises must be in the United States of America, legally available pursuant to state and federal franchise and business opportunity disclosure and registration laws and pursuant to our contractual commitments (including those with our other franchisees) and in compliance with our franchise placement, market development and demographic criteria.
- 1.3.5 You acknowledge and agree that any location we select or approve, and any lease we approve will be with the understanding that it meets our minimum acceptable criteria based upon our general business experience.
The location for the Franchise Premises must meet our minimum square footage and other standards outlined in our Operations Manual.
You acknowledge that you are responsible for reviewing and determining the appropriateness and desirability of the lease.
We will have no liability with respect to the selection or approval of a location or any lease for the Premises, nor liability with respect to any site recommendations we make.
- 1.3.6 Before you enter a lease or purchase agreement for the Franchise Premises, you will submit the lease or purchase documents to us for approval.
Lease documents must include the Franchise Premises Lease Agreement Rider attached in Exhibit 2 or otherwise include an assignment of the lease in a form we approve, pursuant to which we may assume the lease as provided in Exhibit 2.
You will deliver to us a true copy of the lease and any additions or amendments to it promptly after they are executed.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the Franchise Territory and the Franchise Premises must meet specific criteria. The territory must be in the United States of America and legally available under state and federal franchise and business opportunity disclosure and registration laws. It must also comply with Afuri Ramen Dumpling's contractual commitments, including those with other franchisees, and align with their franchise placement, market development, and demographic criteria.
The site selected by the franchisee must meet Afuri Ramen Dumpling's minimum acceptable criteria based on their general business experience. The location for the Franchise Premises must meet the franchisor's minimum square footage and other standards outlined in their Operations Manual. The franchisee is responsible for reviewing and determining the appropriateness and desirability of the lease, and Afuri Ramen Dumpling assumes no liability for the selection or approval of a location or any lease for the Premises, nor for any site recommendations they make.
Before entering a lease or purchase agreement, the franchisee must submit the lease or purchase documents to Afuri Ramen Dumpling for approval. Lease documents must include a Franchise Premises Lease Agreement Rider or an assignment of the lease in a form approved by Afuri Ramen Dumpling, allowing them to assume the lease. The franchisee must also deliver a true copy of the lease and any amendments to Afuri Ramen Dumpling promptly after execution. These stipulations ensure that the location and territory align with Afuri Ramen Dumpling's brand standards and legal requirements, while also protecting their interests through lease control and adherence to operational guidelines.