If I am a Leased Aplus Store franchisee, who owns the premises?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
We or our affiliate may own and operate APLUS stores in an area in proximity to your APLUS Store. If you are a Leased APLUS Store franchisee we own the premises and lease it to you. You, or our designated consultants, are responsible for conforming the premises to local ordinances and building codes and obtaining any required permits. We are responsible for the construction and/or remodeling and interior and exterior designs, including equipment, signs, and fixtures. We also provide you with our specifications and standards, as well as a list of approved vendors regarding the items and materials necessary to operate the APLUS Store.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, AND TRAINING (FDD pages 40–47)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, if you are a Leased APLUS Store franchisee, Aplus owns the premises and leases it to you. However, the franchisee is responsible for conforming the premises to local ordinances and building codes and obtaining any required permits.
This arrangement means that while you operate the Aplus store at the location, Aplus retains ownership of the physical property. As a franchisee, you will be responsible for ensuring the location complies with local regulations and securing the necessary permits to operate the business.
This setup is common in many franchise systems, where the franchisor maintains control over real estate assets while allowing franchisees to operate the business. It's important to understand the terms of the lease agreement with Aplus, including rent, maintenance responsibilities, and any restrictions on the use of the property.