Before what event will the Franchise Territory be designated for each Afuri Ramen Dumpling franchise?

According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the Franchise Territory for each franchise will be designated by Afuri Ramen Dumpling before the franchisee opens each relevant Franchise Premises. The Franchise Territory and 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 Afuri Ramen Dumpling's contractual commitments, including those with other franchisees, and in compliance with their franchise placement, market development, and demographic criteria.

This means that a prospective Afuri Ramen Dumpling franchisee will not know the exact boundaries of their territory until shortly before they open their restaurant. This is a critical piece of information, as the territory defines the area in which the franchisee will have certain protections, such as preventing the franchisor from opening another location nearby.

It is important for potential franchisees to understand Afuri Ramen Dumpling's criteria for defining a Franchise Territory and to ensure that the territory assigned to them meets their expectations in terms of market potential and demographics. This also means the franchisee needs to make sure the territory is legally compliant with all applicable laws and regulations. A prospective franchisee should discuss these criteria with Afuri Ramen Dumpling and possibly conduct their own market research to assess the suitability of the proposed location and territory.