When must the Franchise Agreement for the first Antioch Pizza Shop Restaurant be executed?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
- D. Simultaneously with this Agreement, Franchisor and Developer are entering into a Franchise Agreement for the establishment of its first Antioch Pizza Shop franchised restaurant.
Source: Item 22 — Contracts (FDD pages 56–57)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the Franchise Agreement for the initial Antioch Pizza Shop franchised restaurant is entered into simultaneously with the Multi-Unit Development Agreement. This means that at the same time the developer agrees to the terms for developing multiple Antioch Pizza Shop locations, the agreement for the first specific location is also finalized.
This simultaneous execution indicates that the first location is integral to the overall development plan. The approval of the developer's application is contingent upon their commitment to developing multiple locations, with the first franchise agreement serving as an immediate step in fulfilling that commitment. This arrangement ensures that both Antioch Pizza Shop and the developer are aligned from the outset regarding the development schedule and expectations.
For a prospective franchisee, this requirement means that securing the rights to develop multiple Antioch Pizza Shop restaurants necessitates being ready to immediately commit to and begin the process of establishing the first location. This includes site selection, lease negotiation, and fulfilling all other obligations outlined in the Franchise Agreement for that initial restaurant. The franchisee should be prepared to handle the initial investment and operational demands of the first location while also planning for subsequent locations according to the development schedule.