What is the timeframe within which a Chocolate Fish Coffee franchisee must complete a required remodel?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
- 7.13 Remodeling. In addition to Franchisee's obligations to comply with all System Standards in effect from time to time, Chocolate Fish Franchising may require Franchisee to undertake and complete a Remodel of the Location to Chocolate Fish Franchising's satisfaction. Franchisee must complete the Remodel in the time frame specified by Chocolate Fish Franchising. Chocolate Fish Franchising may require the Franchisee to submit plans for Chocolate Fish Franchising's reasonable approval prior to commencing a required Remodel. Chocolate Fish Franchising's right to require a Remodel is limited as follows: (i) the Remodel will not be required in the first two or last two years of the term (except that a Remodel may be required as a condition to renewal of the term or a Transfer), and (ii) a Remodel will not be required more than once every five years from the date on which Franchisee was required to complete the prior Remodel.
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, franchisees must complete any required remodel within the timeframe specified by Chocolate Fish Franchising. However, there are limitations to when Chocolate Fish Coffee can mandate these remodels.
Specifically, Chocolate Fish Coffee will not require a remodel during the first two or last two years of the franchise term. An exception exists if a remodel is required as a condition for either renewing the franchise term or transferring ownership.
Furthermore, Chocolate Fish Coffee will not require a remodel more than once every five years, calculated from the completion date of the previous remodel. Before starting any remodel, franchisees may need to submit plans for Chocolate Fish Coffee's approval.