What exhibit number is the Walmart Master Lease for Cost Cutters Family Hair Salon?
Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDDAnswer from 2024 FDD Document
e by you will be an insignificant amount of the total purchases required to establish your Cost Cutters Business.
You must sublease from us any Cost Cutters located in a Walmart. The form of that sublease is included in Exhibit G to this disclosure document (the "Walmart Sublease"), that is subject to our Master Lease with Walmart that is included in Exhibit H to this disclosure Document (the "Walmart Master Lease"), including in many instances, a separate schedule to the Walmart Master Lease. Pursuant to our Walmart Master Lease, Walmart may not renew our lease, and thus we cannot renew your Walmart Sublease, if your sales fall below $150,000 per year or any other sales threshold designated by Walmart. Additionally, Walmart can compel us, and thus you, to remodel your Cost Cutters salon if Walmart deems it necessary for various reasons, including that Walmart remodeled the Walmart store and as a condition of renewal of your Walmart Sublease. If we approve
Source: Item 22 — CONTRACTS (FDD page 76)
What This Means (2024 FDD)
According to the 2024 Cost Cutters Family Hair Salon Franchise Disclosure Document, the Walmart Master Lease is included as Exhibit H. This is relevant because franchisees operating a Cost Cutters Family Hair Salon within a Walmart location will be subject to the terms of this master lease.
The document also mentions that the Walmart Sublease, which is the sublease agreement between the franchisee and Cost Cutters Family Hair Salon for Walmart locations, is included in Exhibit G. The Walmart Sublease is subject to the Walmart Master Lease.
Prospective franchisees should carefully review both Exhibit G and Exhibit H to understand their obligations and the terms under which they will operate their Cost Cutters Family Hair Salon within a Walmart store. This includes understanding Walmart's rights regarding lease renewal, potential remodeling requirements, and other stipulations outlined in the Walmart Master Lease.