What is the earlier of the two dates that triggers the deadline for an Alloy developer to submit information?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, a developer must provide Alloy with a franchise application, financial statements, and other required information at least 60 days before whichever of these dates comes first: the date in the Development Schedule for executing a Franchise Agreement, or the actual date the Franchise Agreement is executed. This means Alloy requires this information well in advance of finalizing the agreement.
For a prospective Alloy developer, this requirement means needing to gather and submit all requested documentation promptly. The 60-day window is designed to give Alloy ample time to review the application and ensure the developer meets their standards. Failing to submit the information on time could delay the process of establishing a new Alloy facility.
This requirement is fairly standard in the franchise industry, as franchisors need to assess the financial and operational capabilities of their developers. By setting a clear deadline tied to specific milestones in the development process, Alloy aims to maintain a structured and efficient expansion process. Developers should carefully track the dates in their Development Schedule and plan accordingly to meet this important deadline.