What are the conditions that must be met before an Alloy franchisee can open their Facility for business?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
You may not open your Facility for business until: (1) you have complied with all requirements regarding site selection and construction of the Facility; (2) we determine that your Facility has been constructed, decorated, furnished, equipped and stocked with equipment, materials and supplies in accordance with plans and specifications we have approved; (3) the initial training program we provided has been completed to our satisfaction by all required persons; (4) the initial franchise fee and all other amounts due to us have been paid; (5) you have furnished us
with all certificates of insurance required by this Agreement; (6) you have obtained all required governmental permits, licenses and authorizations necessary for the operation of your Business; (7) you are in full compliance with all the terms of this Agreement; and (8) you have 75 members who have joined during the pre-sale marketing campaign, including a signed membership agreement and a verified credit card on file.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, there are several conditions that a franchisee must meet before opening their facility for business. The franchisee must comply with all requirements regarding site selection and construction of the Facility. Alloy must determine that the facility has been constructed, decorated, furnished, equipped, and stocked with equipment, materials, and supplies according to the approved plans and specifications.
The initial training program provided by Alloy must be completed to their satisfaction by all required individuals. The franchisee must have paid the initial franchise fee and all other amounts due to Alloy. Additionally, the franchisee needs to furnish Alloy with all required certificates of insurance as stipulated in the agreement.
Furthermore, the franchisee must obtain all necessary governmental permits, licenses, and authorizations required to operate the business legally. The franchisee must be in full compliance with all the terms outlined in the Franchise Agreement. Finally, the franchisee needs to have acquired at least 75 members who have joined during the pre-sale marketing campaign, including a signed membership agreement and a verified credit card on file.