For an Alloy franchise, what is the cumulative number of facilities required to be open and continuously operating for business in the Development Territory as of the date the Franchise Agreement is signed?

According to Alloy's 2025 Franchise Disclosure Document, the development schedule outlines the number of facilities a franchisee must have open and operating within their development territory. As of the date the Franchise Agreement is signed, the cumulative number of Alloy facilities required to be open and continuously operating for business in the Development Territory is 1. This initial requirement sets the pace for subsequent development milestones.

The development schedule mandates that the first facility must be operational within one year of the effective date of the agreement. Subsequent facilities have later deadlines, with the second facility required to be open within two years of signing the agreement, bringing the cumulative total to 2. The third facility must be open within three years, raising the cumulative number to 3.

Alloy emphasizes that only facilities actually open and continuously operating for business in the Development Territory as of a given date will be counted toward meeting the required development schedule. This means that merely signing a lease or beginning construction does not fulfill the obligation; the facility must be fully operational. This requirement ensures that franchisees are actively developing their territory and generating revenue, which benefits both the franchisee and the Alloy brand.