What is the dependency for a Crawlspace Medic developer to execute an additional Franchise Agreement?

According to Crawlspace Medic's 2024 Franchise Disclosure Document, a developer must execute a lease for each subsequent Crawlspace Medic outlet to be developed. Provided that all conditions in Section 5.4 are satisfied or waived, the developer must execute an additional Franchise Agreement for the development of the next Crawlspace Medic outlet to be opened under the Mandatory Development Schedule.

Section 5.4 outlines conditions that must be satisfied or waived by Crawlspace Medic before granting the developer the right to develop an additional outlet. These conditions include the developer requesting the current Franchise Disclosure Document, submitting all required information and documents, providing requested financial statements, and meeting the current financial criteria for multiunit franchisees.

Additionally, the developer must be in full compliance with the Development Agreement, the Mandatory Development Schedule, and all existing Franchise Agreements with Crawlspace Medic or its affiliates. The developer must also demonstrate the necessary management skills for the competent operation, organization, customer service, and record keeping of an additional Crawlspace Medic outlet, as determined by Crawlspace Medic in its sole discretion.