Until what date does Alloy have an operating lease agreement for office space?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
You are responsible for leasing a site that meets our site selection guidelines. We must consent to the site in writing. You may not use the Facility
premises for any purpose other than the operation of an ALLOY Facility during the term of this Agreement or any Interim Period. We make no guarantees concerning the success of the Facility located on any site to which we consent.
You may not open your Facility for business until we have notified you in writing that you have satisfied your pre-opening obligations as set forth in subparagraphs 5.A and 5.B and we have consented to your opening date. We are not responsible or liable for any of your pre-opening obligations, losses or expenses you might incur for your failure to comply with these obligations or your failure to open by a particular date. We also are entitled to injunctive relief or specific performance under subparagraph 12.C for your failure to comply with your obligations.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 FDD, Alloy franchisees are responsible for securing a lease for their facility that aligns with Alloy's site selection guidelines. Alloy must provide written consent to the chosen site.
The FDD states that the franchisee may not use the facility premises for any purpose other than operating an Alloy facility during the term of the Franchise Agreement or any Interim Period. The franchisee cannot open for business until Alloy confirms in writing that all pre-opening obligations have been met. These obligations include site selection and construction requirements.
The excerpt does not specify a particular date until which Alloy has an operating lease agreement for office space. The FDD outlines the franchisee's responsibilities in securing and maintaining a suitable location, but it does not provide details on Alloy's corporate office lease. To obtain this information, a prospective franchisee should directly ask Alloy about the duration of their corporate office lease agreement.