How long does Crawlspace Medic have to respond to a time extension request?
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.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, if a franchisee on a multiple store development agreement needs a time extension, they must submit a written request to Crawlspace Medic 30 days before the year deadline. Crawlspace Medic then has 10 days to respond in writing regarding whether the extension will be granted.
This is particularly relevant for developers planning multiple Crawlspace Medic locations. Missing a deadline could impact the development schedule. Therefore, franchisees should be aware of the deadlines and the process for requesting an extension.
It is important to note that extensions are not guaranteed. Crawlspace Medic will consider requests if there is a natural disaster, imposed government restrictions, or other uncontrollable acts of nature that strongly inhibit the franchisee from meeting the deadline. Franchisees should document any such events and their impact on their ability to meet the development schedule when submitting their extension request.