What is the length of the C3 Wellness Spa franchise term under the Multi-Unit Development Agreement?

According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the length of the franchise term under the Multi-Unit Development Agreement varies. The agreement commences on the effective date and automatically expires at the earlier of two conditions: either when the final C3 Wellness Spa location required for development opens, or on the last day of the calendar month in which the final spa location was required to be open per the agreement.

This means the term is not fixed to a specific number of years but is instead tied to the franchisee's development schedule and the number of locations they are obligated to open. The more locations a franchisee commits to developing and the faster they open them, the longer the development agreement will last, up to the point where all locations are open or the deadline for opening them has passed.

It is important to note that there is no option to renew or extend the Multi-Unit Development Agreement. Therefore, a prospective C3 Wellness Spa franchisee should carefully consider the development schedule and their ability to meet the obligations outlined in the agreement, as the term's length directly depends on fulfilling these development requirements. This contrasts with a standard franchise agreement, which typically has a fixed term (e.g., 10 years) with options to renew.