What are the steps I must take to meet the Site Approval Deadline for my Auntie Annes franchise?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
does not conform to the final Architectural Plans and changes we approved. You must promptly seek and obtain prior to opening the Franchised Business all governmental approvals and licenses required to open and operate the Business.
- 6.4 Signage. All exterior and interior signage you use for the Franchised Business must conform to our Standards, including our Standards as to type, color, size, design, and location. You must use a sign vendor that we have designated or approved in writing to ensure proper compliance with our Standards. You must obtain our written approval before you install or display any signage.
6.5 Opening and Development Deadlines.
- A. Site Approval Deadline. You will have until the deadline specified in Schedule A to (i) identify the Accepted Location, (ii) obtain our acceptance of the Accepted Location, (iii) sign any documentation we require to document the Accepted Location, (iv) obtain our acceptance of a Lease for the Accepted Location, and (v) sign the accepted Lease for the Accepted Location or otherwise acquire the ownership rights to the Accepted Location (the "Site Approval Deadline").
- B. Construction Start Deadline.
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, meeting the Site Approval Deadline involves several key steps. You must identify an Accepted Location, obtain Auntie Annes's acceptance of that location, and sign any required documentation. Additionally, you need to secure a Lease for the Accepted Location that Auntie Annes also approves, and then sign the accepted Lease or otherwise acquire ownership rights to the location. All these actions must be completed by the deadline specified in Schedule A of your Franchise Agreement. Failing to meet the Site Approval Deadline can lead to serious consequences, including the potential termination of your Franchise Agreement.
If you fail to meet the Site Approval Deadline, Auntie Annes may allow you to request an extension, but they are not obligated to grant one. If an extension is granted, Auntie Annes has the right to charge a $2,500 extension fee. If you fail to correct your failure to meet the Site Approval Deadline within 30 calendar days after receiving notice from Auntie Annes, they may terminate the Franchise Agreement.
Therefore, it is crucial to proactively manage the site selection and approval process, ensuring all necessary steps are completed well in advance of the deadline. This includes thorough communication with Auntie Annes and prompt attention to any requirements or feedback they provide. Paying close attention to Schedule A and maintaining open communication with Auntie Anne's can help you avoid potential penalties and keep your franchise development on track.