What is the 'Mandatory Development Schedule' for Crawlspace Medic, and where is it described?
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, the Mandatory Development Schedule for multi-unit developers is detailed in Section 5.2 of the Development Agreement. This schedule stipulates that the second Crawlspace Medic location must be opened within one year of the first location's opening. All subsequent locations must then be opened at a minimum rate of one per year until the entire development agreement is fulfilled.
Crawlspace Medic may grant consideration for delays if there are natural disasters, imposed government restrictions, or other uncontrollable acts of nature that significantly hinder the franchisee's ability to meet the schedule. To be considered, the franchisee must submit a written request for a time extension to Crawlspace Medic at least 30 days before the annual deadline. Crawlspace Medic will then respond in writing within 10 days regarding whether the extension will be granted.
Furthermore, after signing the Development Agreement and the initial Franchise Agreement, the developer must execute an additional Franchise Agreement upon securing a lease for the second Crawlspace Medic outlet. This process is repeated for each subsequent outlet to be developed, ensuring that each new location is formally franchised under the Mandatory Development Schedule. However, if Crawlspace Medic determines that a physical location is not required for each Franchise Agreement, the Mandatory Development Schedule in 5.2 shall refer to the date they begin operating.