What is the expected timeframe for the third appraiser to complete the appraisal for Azal Coffee after their appointment?

According to Azal Coffee's 2024 Franchise Disclosure Document, if an appraisal is required and the initial appraisers cannot agree on a value, a third appraiser will be appointed. The parties involved are expected to take reasonable actions to ensure that the third appraiser completes the appraisal within 30 days of their appointment.

This 30-day timeframe is significant for prospective Azal Coffee franchisees because it sets an expectation for how long the appraisal process should take. This could be relevant in situations such as a transfer of ownership or termination of the franchise agreement, where an appraisal might be necessary to determine the value of the business.

It is important to note that the FDD states the parties will take 'reasonable actions' to cause the appraiser to complete the appraisal within 30 days, which suggests that the timeframe is not guaranteed. Unforeseen circumstances could potentially delay the process. Franchisees should communicate proactively with Azal Coffee and the appraisers to ensure the process stays on track and to address any potential delays promptly.