For Crawlspace Medic, what is the mandatory open date for the third outlet to be developed?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet for Development | Mandatory Open Date |
|---|---|
| 1 | 12 months following the Effective Date |
| 2 | 24 months following the Effective Date |
| 3 | 36 months following the Effective Date |
| 4 (if applicable) | 48 months following the Effective Date |
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, if a developer enters into a multi-unit development agreement, the mandatory open date for the third Crawlspace Medic outlet is 36 months following the effective date of the agreement.
This schedule is part of the Mandatory Development Schedule that Crawlspace Medic requires for multi-unit developers. It is important to note that this schedule is contingent upon the developer's compliance with other conditions outlined in the agreement. These conditions ensure the developer has the resources and capabilities to successfully manage multiple locations.
This fixed schedule provides clarity for both Crawlspace Medic and the developer, allowing for structured growth and planning. However, developers should carefully consider their ability to meet these deadlines, as failure to do so could impact their development rights. It is also important to note that the agreement allows for consideration of extensions in the event of natural disasters, imposed government restrictions, or other uncontrollable acts of nature.