What exhibit number is the Franchise Agreement for Cost Cutters Family Hair Salon?
Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDDAnswer from 2024 FDD Document
Each Cost Cutters Store is operated pursuant to a Franchise Agreement. A copy of our Franchise Agreement is attached as Exhibit D. Under the Franchise Agreement, we grant you the right, and you accept the responsibility, to operate a Cost Cutters Store. Your Store must offer the products and services we specify in accordance with the System, and observe the mandatory specifications, standards, operating procedures, and rules we periodically specify for Cost Cutters Stores (collectively, the "Brand Standards") that we describe in our Operations Manual (together with any other manuals approved for use in the operation of the Cost Cutters, as well as all amendments and updates, the "Manual"). The System includes the operation of establishments that offer haircutting and related services in a specially designed and decorated building with distinctive fixtures, accessories and color scheme.
Source: Item 22 — CONTRACTS (FDD page 76)
What This Means (2024 FDD)
According to Cost Cutters Family Hair Salon's 2024 Franchise Disclosure Document, the Franchise Agreement is included as Exhibit D. This agreement outlines the rights and responsibilities of both the franchisor and the franchisee in operating a Cost Cutters Family Hair Salon store. It grants the franchisee the right to operate a store under the Cost Cutters system, offering specified products and services while adhering to the brand's standards and operating procedures.
The Franchise Agreement also mandates that the Cost Cutters Family Hair Salon store must operate in a specially designed and decorated building, maintaining distinctive fixtures, accessories, and a specific color scheme. These elements are detailed in the Operations Manual, which serves as a comprehensive guide for franchisees. The manual, along with any approved amendments and updates, forms an integral part of the Cost Cutters system.
Prospective franchisees should carefully review Exhibit D to fully understand their obligations and the franchisor's expectations. This includes understanding the specific products and services that must be offered, the required store design and layout, and the operational procedures that must be followed. A thorough understanding of the Franchise Agreement is crucial for a successful partnership with Cost Cutters Family Hair Salon.