What happens if I and Chocolate Fish Coffee cannot agree on a site?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
If we and you cannot agree on a site, you will be unable to comply with your obligation to develop and open the franchise by the deadline stated in the franchise agreement.
Unless we agree to extend the deadline, you will be in default and we may terminate your franchise agreement.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 20–27)
What This Means (2024 FDD)
According to the 2024 Chocolate Fish Coffee FDD, if you and Chocolate Fish Coffee cannot agree on a site for your franchise, you will not be able to fulfill your obligation to develop and open the franchise by the deadline stated in the franchise agreement. Unless Chocolate Fish Coffee agrees to extend the deadline, this disagreement puts you in default of the franchise agreement, and Chocolate Fish Coffee may terminate the agreement.
Chocolate Fish Coffee does not select the site for you; you are responsible for finding potential locations. However, all sites are subject to Chocolate Fish Coffee's approval. To get a site approved, you must provide all required information and documents about the site to Chocolate Fish Coffee.
The FDD specifies that Chocolate Fish Coffee will review and advise you regarding potential locations that you submit. The factors Chocolate Fish Coffee considers when approving sites include the general location and neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms. Chocolate Fish Coffee has 30 days to approve or disapprove your proposed site after you submit all required documents and information.