When must an Alloy developer furnish a franchise application for a proposed Facility?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
site). We may conduct on-site evaluations, as we deem advisable, as part of our evaluation of the site for the Facility. We reserve the right to charge you our thencurrent site evaluation fee for each on-site evaluation we conduct. - 3. Your Submission of Information. You must furnish to us, at least 60 days prior to the earlier of (i) the date set forth in the Development Schedule by which you must execute a Franchise Agreement or (ii) the actual date on which the Franchise Agreement would be executed, a franchise application for the proposed Facility, financial statements and other information regarding you, the operation of any of your other Facilities within the Development Territory and the development and operation of the proposed Facility (including, without limitation, investment and financing plans for the proposed Facility) as we may reasonably require.
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- Your Compliance with Our Then-Current Standards for Franchisees. You must receive written confirmation from us that you meet our then-current standards for franchisees, including financial capability criteria for the development of a new Facility.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, a developer must furnish a franchise application for a proposed facility at least 60 days prior to the earlier of two dates. The first date is the one set forth in the Development Schedule by which the developer must execute a Franchise Agreement. The second date is the actual date on which the Franchise Agreement would be executed.
Along with the franchise application, the developer must also provide financial statements and other information. This information pertains to the developer, the operation of any other Alloy facilities within the Development Territory, and the development and operation of the proposed facility. This includes investment and financing plans for the proposed facility, and any other information Alloy may reasonably require.
This requirement ensures that Alloy can assess the developer's financial capabilities and adherence to Alloy's standards before a new facility is established. This process aims to maintain the quality and reputation of the Alloy brand and protect its trademarks. However, Alloy's confirmation that a developer meets their standards does not guarantee the franchisee's success.