What are the requirements for a Managing Owner of a C3 Wellness Spa franchise?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
The Franchise Agreement requires that you or, if you are a Corporate Entity, that your managing shareholder, member or partner be personally responsible for the management and overall supervision of your Spa Location Franchise (the "Managing Owner"). We must approve your Managing Owner. Your Managing Owner must have satisfactorily completed our initial training and must have obtained all required licenses and permits necessary to operate the Franchised Business. At all times, your Spa Location Franchise must be managed and supervised on-site by a Managing Owner. If you own and operate multiple Spa Location Franchises then each Spa Location Franchise may be managed and supervised on-site by an operating manager if: (a) meets all of our minimum standards and criteria for managers; (b) completes our initial training program; and (c) signs a confidentiality agreement approved by us (an "Operating Manager"). We do not require that your Operating Manager own any equity interest in the franchise. At all times, your Spa Location Franchise must be managed and supervised on-site by either a Managing Owner or Operating Manager. If you own and operate multiple Spa Location Franchises then each Spa Location Franchise must be managed and supervised on-site by an Operating Manager.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 42)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, if the franchisee is a Corporate Entity, the managing shareholder, member, or partner must be personally responsible for the management and overall supervision of the Spa Location Franchise. This individual is referred to as the "Managing Owner," and C3 Wellness Spa must approve them.
The Managing Owner must satisfactorily complete the initial training program and obtain all required licenses and permits necessary to operate the Franchised Business. The Spa Location Franchise must be managed and supervised on-site by a Managing Owner at all times.
If a franchisee owns and operates multiple C3 Wellness Spa locations, each location may be managed and supervised on-site by an Operating Manager, provided that the Operating Manager meets C3 Wellness Spa's minimum standards and criteria for managers, completes the initial training program, and signs a confidentiality agreement approved by C3 Wellness Spa. The Operating Manager is not required to own any equity interest in the franchise. However, at all times, each Spa Location Franchise must be managed and supervised on-site by either a Managing Owner or an Operating Manager.