Where in the Annex Brands franchise agreement can I find details regarding the relocation of the center?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
C. RELOCATION OF THE CENTER. If, during the term of the Franchise, the lease or sublease for the Center expires or terminates without fault of Franchisee, or if the Center is damaged, condemned, or otherwise rendered unusable, or if in the reasonable business judgment of Franchisor there is a change in the character of the location of the Center sufficiently detrimental to its business potential to warrant its relocation, Franchisor will grant approval for the relocation of the Center to a location within the Protected Area described in Attachment 3 meeting Franchisor's then-current standards for Center locations, and Franchisor's then-current standards relating to the proximity of other Centers and their protected areas. Franchisor's approval will be effective only if evidenced in writing. Any such relocation will be at Franchisee's sole expense, and Franchisee will promptly reimburse Franchisor for all reasonable expenses Franchisor incurs in connection with any such relocation.
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, details regarding the relocation of the center can be found within the franchise agreement. Specifically, the franchise agreement addresses the conditions under which Annex Brands will approve a relocation.
The franchise agreement states that Annex Brands will grant approval for relocation if the current lease expires or terminates without fault of the franchisee, or if the center is damaged, condemned, or otherwise rendered unusable. Relocation is also possible if Annex Brands reasonably judges that there's a detrimental change in the location's character that significantly impacts its business potential. The new location must be within the Protected Area and meet Annex Brands's current standards for center locations and proximity to other centers.
It's important to note that any relocation is at the franchisee's sole expense, and the franchisee must promptly reimburse Annex Brands for all reasonable expenses incurred during the relocation process. Furthermore, Annex Brands's approval of the relocation must be evidenced in writing to be effective. This section of the franchise agreement outlines the circumstances, conditions, and financial responsibilities associated with relocating an Annex Brands center during the franchise term.