Does the definition of 'Remodel' for a Chocolate Fish Coffee franchise include renovation of the Location?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
"Remodel" means a refurbishment, renovation, and remodeling of the Location to conform to the building design, exterior facade, trade dress, signage, fixtures, furnishings, equipment, decor, color schemes, presentation of the Marks, and other System Standards in a manner consistent with the image then in effect for a new Chocolate Fish Coffee business.
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the definition of "Remodel" includes renovation of the Location. Specifically, a "Remodel" means a refurbishment, renovation, and remodeling of the Location.
This renovation is required to ensure the Chocolate Fish Coffee location conforms to the brand's standards. These standards include building design, exterior facade, trade dress, signage, fixtures, furnishings, equipment, decor, color schemes, presentation of the Marks, and other System Standards. The remodel must be consistent with the image in effect for a new Chocolate Fish Coffee business.
This means that as a franchisee, you may be required to update your location to match the current brand image, which could involve significant expenses. It is important to factor in these potential remodel costs when evaluating the financial feasibility of the franchise.