factual

What is the 'Opening Date' defined as in the Christian Brothers Automotive franchise agreement?

Christian_Brothers_Automotive Franchise · 2025 FDD

Answer from 2025 FDD Document

The "Start-Up Period" begins on the first day the Franchisee's Franchised Business is open to the public ("Opening Date") and ends twelve months from the Opening Date.

Source: Item 23 — RECEIPTS (FDD pages 76–372)

What This Means (2025 FDD)

According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, the "Opening Date" is defined as the first day the franchisee's franchised business is open to the public. This date marks the beginning of the "Start-Up Period", which lasts for twelve months.

This definition is important for Christian Brothers Automotive franchisees because the Start-Up Period triggers specific obligations and support from the franchisor. For example, a management member of Christian Brothers Automotive will be available to consult with the Principal Operator and Initial Service Manager by phone during business hours, starting from the first business day of the third week of the Start-Up Period until the end of the period.

Additionally, the Split Profits Review Period, which affects royalty payments, also commences on the Opening Date. Understanding the precise definition of the Opening Date ensures that both the franchisee and franchisor are aligned on when these key periods begin, which is crucial for managing the business and financial relationship during the initial year of operation.

Disclaimer: This information is extracted from the 2025 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.