What is the minimum performance requirement for a Crawlspace Medic franchise in its third year of operation?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
3.3 Minimum Performance Requirements. In order to maintain the Territory, franchisee understands and agrees that they must maintain the following Minimum Performance Requirements for Revenue Per Year of Agreement:
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, franchisees must meet minimum performance requirements to maintain their territory rights.
The FDD states, "In order to maintain the Territory, franchisee understands and agrees that they must maintain the following Minimum Performance Requirements for Revenue Per Year of Agreement." However, the actual revenue figures for each year are not specified in the provided excerpts.
As a prospective Crawlspace Medic franchisee, it's crucial to understand these minimum performance requirements. You should ask the franchisor for the specific revenue targets for each year of the franchise agreement, especially the third year, to assess whether you can realistically meet those goals and maintain your exclusive territory.