What is the expiration date of Alloy's office space lease agreement?

According to Alloy's 2025 Franchise Disclosure Document, the initial term of the franchise agreement begins on the Effective Date, as defined in the Data Sheet, and ends 10 years from the date of the agreement. However, this is subject to any modifications in the Data Sheet to account for the term of the lease for the Authorized Location.

For a prospective Alloy franchisee, this means the lease expiration date for their facility's location is a critical factor tied to the franchise agreement's term. The initial 10-year term of the Alloy franchise can be adjusted based on the lease term for the franchisee's chosen location. This ensures that the franchise agreement aligns with the franchisee's right to occupy and operate the Alloy facility at the specified location.

It is important for a potential Alloy franchisee to carefully review the Data Sheet and understand how the lease term affects the franchise agreement's expiration date. Furthermore, if a franchisee chooses to renew their Alloy franchise agreement, they must renew the facility lease and provide written proof of their ability to remain in possession of the premises throughout the renewal period. This condition ensures that the franchisee has a secure location for the duration of the renewed franchise term. If the lease is not renewed, Alloy may not allow the franchisee to renew the franchise agreement.