Under what conditions can the Aplus Funded Amount Agreement be modified?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
(B) You understand and agree that from time to time, as a result of experience, changes in the law, or changes in the marketplace, Sunoco may determine that your APlus Store needs to be upgraded or remodeled. You agree to conform to such changes that Sunoco in its sole discretion has determined are reasonable, and make all expenditures necessary to implement such changes. Based upon the scope of the work performed and the amount of capital invested in the APlus Store, Sunoco reserves the right to increase your Rent. You will be provided with prior written notice of any increases to the Rent. You will be asked to execute an agreement consenting to the additional Rent to be paid before the commencement date of construction.
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
Based on the 2024 Aplus Franchise Disclosure Document, the franchise agreement can be modified under specific circumstances related to premises upgrades or remodels. Aplus may determine that an Aplus store needs upgrades or remodeling due to experience, changes in the law, or changes in the marketplace.
According to the FDD, franchisees must conform to changes that Aplus, in its sole discretion, deems reasonable and must make all necessary expenditures to implement these changes. Aplus retains the right to increase the rent based on the scope of work performed and the capital invested in the Aplus store.
Prior to the commencement date of construction, Aplus will provide written notice of any rent increases, and the franchisee will be asked to execute an agreement consenting to the additional rent. This clause ensures that franchisees are informed of and agree to any modifications to their financial obligations before upgrades or remodels begin.