How many additional terms can an Aplus franchisee obtain through a successor franchise agreement?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
Subject to the conditions below, Franchisee may obtain a successor franchise at the expiration of the term of this Agreement by entering into a new franchise agreement with Franchisor. Franchisee's right to a successor franchise is limited to one additional term equal to the original term. Your failure to exercise this renewal right, will serve as a waiver of such right without further notice. To qualify for a successor franchise, each of the following pre-conditions shall have been fulfilled and remain true as of the last day of the term of this Agreement:
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, an Aplus franchisee can obtain only one additional term through a successor franchise agreement. The successor term will be equal to the length of the original franchise agreement term. To obtain this successor franchise, the franchisee must meet specific conditions that must be fulfilled and remain true up to the last day of the original agreement.