factual

Does Chem Dry own or lease any business premises to franchisees?

Chem_Dry Franchise · 2024 FDD

Answer from 2024 FDD Document

We do not own any Chem-Dry business premises or lease them to franchisees. (Franchise Agreement - Section 1.D.)

You will operate your Chem-Dry Business from a location within your designated Franchised Area. We do not participate in the selection for your Business location and you are not required to obtain our approval for your business location, so long as the location is within your Franchised Area. We do not approve the site for your Business premises. (Franchise Agreement - Section 1.D.)

We estimate that there will be an interval of about 4-6 weeks between the signing of the Franchise Agreement and the opening of your Chem-Dry Business, however this time period could vary depending on when you complete your New Buyer Training, obtain your van, and secure a location for the business. You must commence operating your Chem-Dry Business in the Franchised Area within 90 days after the effective date of the Franchise Agreement.

Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 37–45)

What This Means (2024 FDD)

According to Chem-Dry's 2024 Franchise Disclosure Document, Chem-Dry does not own or lease any business premises to its franchisees. The FDD specifies that franchisees will operate their Chem-Dry business from a location within their designated franchised area.

Chem-Dry does not participate in the selection of the franchisee's business location, and franchisees are not required to obtain Chem-Dry's approval for their business location, provided it is within the franchised area. Chem-Dry also does not approve the site for the franchisee's business premises.

Prospective franchisees are responsible for securing a location for their Chem-Dry business. The FDD estimates that it will take approximately 4-6 weeks between signing the Franchise Agreement and opening the Chem-Dry business; however, this timeframe may vary depending on when the franchisee completes New Buyer Training, obtains their van, and secures a location for the business. Franchisees must commence operating their Chem-Dry business in the Franchised Area within 90 days after the effective date of the Franchise Agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.