What is the Business Location Agreement form for Closet Storage Concepts attached as?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
Within one hundred and twenty (120) days after Franchisor's execution of this Agreement, Franchisee shall execute a Business Location Agreement in the form attached hereto as Exhibit 4.
The parties may extend the 120 day period for an additional 120 days provided Franchisee diligently complied with the obligations of this Section 1.3.
Prior to acquiring by lease or purchase a site for the Franchised Business, Franchisee with Franchisor's assistance (as described in Section 4.2 of this Agreement) shall locate a site for the Franchised Business that satisfies the site selection guidelines provided to Franchisee by Franchisor pursuant to Section 4.2 of this Agreement.
Franchisee shall submit to Franchisor in the form specified by Franchisor a description of the site, including evidence satisfactory to Franchisor demonstrating that the site satisfies Franchisor's site selection guidelines, together with such other information and materials as Franchisor may reasonably require, including, but not limited to, a letter of intent or other evidence satisfactory to Franchisor which confirms Franchisee's favorable prospects for obtaining the site.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the Business Location Agreement form is attached as Exhibit 4. Within 120 days after Closet Storage Concepts executes the Franchise Agreement, the franchisee must execute the Business Location Agreement. The parties may extend this 120-day period for an additional 120 days if the franchisee diligently complies with their obligations.
Before leasing or purchasing a site, the franchisee, with Closet Storage Concepts' assistance, must find a location that meets the franchisor's site selection guidelines. The franchisee must then submit a description of the site to Closet Storage Concepts in the specified form. This submission must include evidence that the site meets Closet Storage Concepts' site selection guidelines, along with any other information or materials reasonably required by Closet Storage Concepts, such as a letter of intent confirming the franchisee's prospects for obtaining the site.
This requirement ensures that Closet Storage Concepts franchisees secure suitable locations that align with the brand's standards and operational requirements. By adhering to the site selection guidelines and submitting the necessary documentation, franchisees can minimize the risk of choosing a location that could negatively impact their business. The Business Location Agreement outlines the terms and conditions related to the approved location, further protecting both the franchisee and Closet Storage Concepts.