For an Alloy franchise, by what date must the Franchise Agreement be signed for Facility Number 1?

According to Alloy's 2025 Franchise Disclosure Document, the Franchise Agreement for the first facility must be executed simultaneously with the execution of the Development Agreement. This means that when a franchisee signs the Development Agreement, they must also sign the Franchise Agreement for their first Alloy facility.

This requirement ensures that Alloy franchisees are committed to opening their first location promptly. It also allows Alloy to maintain control over the development process and ensure that franchisees meet the brand's standards from the outset.

For a prospective Alloy franchisee, this simultaneous signing has important implications. It means that before signing the Development Agreement, they must be ready to commit to a specific location and the terms of the Franchise Agreement for that location. They should have already completed their due diligence on the site and be confident in their ability to meet Alloy's standards and timelines for opening the first facility. This is different from some franchise systems where franchisees are given a period of time to find a location after signing the initial agreement.