What must a Chop5 Salad Kitchen franchisee do to comply with the Development Schedule regarding opening dates?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
- 4.1. Development Schedule. You must develop, open and operate all Restaurants listed in the Development Schedule. You must develop and open each Restaurant in strict compliance with the opening dates set forth in the Development Schedule. We may, in our sole discretion, extend one or more opening dates listed in the Development Schedule if you demonstrate to our satisfaction that you used best efforts to comply with the opening date and the need for the extension is due to unforeseeable delays rather than your lack of diligence or funding. The opening date listed in the Development Schedule for a given Restaurant may be earlier than the opening date required under the terms of the associated Franchise Agreement. In order to comply with the Development Schedule you must open each Restaurant by the opening date listed in the Development Schedule even if such date is earlier than the opening date required by the associated Franchise Agreement.
Source: Item 23 — RECEIPT (FDD pages 50–178)
What This Means (2024 FDD)
According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, a franchisee with a Development Schedule must develop, open, and operate all restaurants listed in the Development Schedule. Strict compliance with the opening dates set forth in the Development Schedule is required for each restaurant.
Chop5 Salad Kitchen may, at its discretion, extend one or more opening dates if the franchisee demonstrates they used their best efforts to comply with the original date, and the delay is due to unforeseeable circumstances rather than a lack of diligence or funding. The opening date listed in the Development Schedule for a given restaurant may be earlier than the opening date required under the terms of the associated Franchise Agreement.
To comply with the Development Schedule, a franchisee must open each Chop5 Salad Kitchen restaurant by the opening date listed in the Development Schedule, even if that date is earlier than the opening date required by the associated Franchise Agreement. Franchisees should be aware of these obligations and ensure they have sufficient resources and contingency plans to meet the required opening dates, or be prepared to justify any delays to Chop5 Salad Kitchen.