What is the deadline for submitting a time extension request to Crawlspace Medic?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
5.2 Mandatory Development Schedule.On a multiple store development agreement, the second location must be open within 1 year of the opening of the first location and all additional locations must be open at a minimum of every year thereafter until the development agreement has been satisfied. Consideration will be granted if there is a natural disaster, imposed government restrictions, or other uncontrollable acts of nature which strongly inhibit the franchisee from satisfying this requirement. All time extension requests must be submitted in writing to the franchisor within 30 days prior to the year deadline for consideration. The franchisor will have 10 days to respond in writing as to whether the request for extension will be granted. Subsequent to Developer's signing of this Agreement and the initial Franchise Agreement, and provided that all conditions in Section 5.4 hereof are satisfied or waived, upon the execution of a lease for Developer's first Crawlspace Medic outlet, Developer shall execute an additional Franchise Agreement for the development of the second Crawlspace Medic outlet to be opened under the Mandatory Development Schedule. Provided that all conditions in Section 5.4 hereof are satisfied or waived, upon the execution of a lease for each subsequent Crawlspace Medic outlet to be developed by Developer, Developer shall execute an additional Franchise Agreement for the development of the next Crawlspace Medic outlet to be opened under the Mandatory Development Schedule. Notwithstanding the foregoing, Developer shall open the Crawlspace Medic outlets in accordance with the following schedule:
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, a franchisee on a multiple store development agreement must have their second location open within one year of the first location's opening, and all additional locations must open at least every year thereafter until the development agreement is fulfilled. However, Crawlspace Medic will consider granting a time extension if there is a natural disaster, imposed government restrictions, or other uncontrollable acts of nature that strongly inhibit the franchisee from meeting this requirement.
To request a time extension, the franchisee must submit a written request to Crawlspace Medic at least 30 days before the year deadline. Crawlspace Medic will then respond in writing within 10 days to inform the franchisee whether the extension has been granted.
This policy ensures that Crawlspace Medic franchisees are given a reasonable timeframe to develop their multiple locations while also providing a mechanism for requesting extensions in extenuating circumstances. Franchisees should be aware of these deadlines and the process for requesting extensions to avoid being in default of their development agreement.