factual

By what deadline must I submit a complete set of final Architectural Plans to Auntie Annes?

Auntie_Annes Franchise · 2024 FDD

Answer from 2024 FDD Document

EVENT COMPLETION DEADLINE
Site Approval Deadline (Section 6.5.A.) Within 150 days after the Effective Date
Construction Start Deadline (Section 6.5.B.) Within 270 days after the Effective Date
Opening Deadline (Section 6.5.C.) Within 360 days after the Effective Date

Source: Item 22 — CONTRACTS (FDD page 106)

What This Means (2024 FDD)

According to Auntie Anne's 2024 Franchise Disclosure Document, you must submit a complete set of final Architectural Plans to Auntie Anne's by the Construction Start Deadline, which is specified in Schedule A. The FDD also states that the Construction Start Deadline is within 270 days after the Effective Date. The Effective Date is specified in Schedule A of the Auntie Anne's Franchise Agreement.

In simpler terms, as an Auntie Anne's franchisee, you have 270 days from the date the Franchise Agreement goes into effect to both submit your architectural plans and begin construction. This means you need to work efficiently with your architect to develop the plans and submit them well in advance of the 270-day mark to allow for Auntie Anne's review and feedback.

Failing to meet this deadline can have serious consequences. Auntie Anne's may terminate the Franchise Agreement if you fail to meet the Construction Start Deadline and do not cure the failure within 30 calendar days after receiving notice of the default. You can request an extension before the deadline, but Auntie Anne's is not obligated to grant one and may charge a $2,500 extension fee if they agree to modify the deadline.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.