How many development periods are included in the C3 Wellness Spa development schedule?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Development Schedule Newly Opened Cumulative Development Period Development Spas Development Spas [ [] [] TO] Development Period 2: [ [] [] TO] Development Period 3: [ [] [] TO] [ [] [] TO] [ [] [] TO] Development Period 1: Development Period 4: Development Period 5: This Development Information Sheet shall be effective as of the Effective Date of the C3 Wellness Multi-Unit Development Agreement.
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the development schedule includes five development periods. The document references a 'Development Schedule' and a 'Development Information Sheet' which outlines the requirements for the number of spas to be developed, established, opened, and in operation within the designated Development Area during each Development Period.
Prospective franchisees are required to meet the stipulations of the Development Schedule, including the timely development and operation of spas within each Development Period. The franchisee acknowledges the reasonableness and viability of the Development Schedule and recognizes that failure to meet the schedule's requirements constitutes a material breach of the Multi-Unit Development Agreement.
It is important for potential franchisees to carefully review the Development Information Sheet to understand the specific obligations and timelines associated with each of the five Development Periods. This includes understanding the number of spas required to be opened within each period, as failure to comply with the Development Schedule can result in a breach of the agreement. The Development Information Sheet is attached as Schedule A to the agreement.