How long is the initial term of the Alloy Franchise Agreement?

According to the 2025 Alloy Franchise Disclosure Document, the term of the Franchise Agreement lasts until the date the franchisee's last Alloy facility is scheduled to open under the Development Schedule, unless it is terminated sooner according to Section 7 of the agreement and is subject to the terms detailed in Section 2.C. This means the initial term is tied to the franchisee's development schedule rather than a fixed number of years.

This is somewhat unusual in the franchise industry, where agreements typically run for a set number of years (e.g., 10 or 20 years). The length of the Alloy franchise term depends entirely on how quickly the franchisee is expected to open their facilities according to the Development Schedule.

A prospective franchisee should carefully review the Development Schedule to understand the implications of this term structure. They should also clarify with Alloy what happens if they complete their Development Schedule early – whether the agreement continues until the originally scheduled date or concludes upon the opening of the final facility.