What is the deadline for completing maintenance, refurbishing, renovating, and remodeling to comply with Boulder Designs' current standards for renewal?

According to Boulder Designs' 2025 Franchise Disclosure Document, any additional investment other than modification or substitution of Marks is required to be made in the last year of the initial term. However, a franchisee may avoid making the investment by providing notice of intent not to renew the Franchise Agreement, unless the investment is in connection with a modification to the System required by law or court order.

This means that if Boulder Designs requires franchisees to make significant investments in maintenance, refurbishing, renovating, or remodeling to meet current standards for renewal, these investments generally need to be completed during the final year of the initial franchise term. A franchisee can avoid these costs only by informing Boulder Designs of their decision not to renew the franchise agreement, unless these changes are legally mandated.

This policy allows Boulder Designs to ensure that all franchise locations maintain a consistent brand image and meet current operational standards. For a prospective franchisee, this highlights the importance of understanding the potential costs associated with renewal and factoring them into their long-term financial planning. It also provides an option for franchisees who do not wish to make these investments to exit the system at the end of their term.