What are the minimum performance requirements for Crawlspace Medic franchisees in Year 3?
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 Crawlspace Medic's 2024 Franchise Disclosure Document, franchisees must meet certain minimum performance requirements to maintain their territory. These requirements are based on revenue per year of the agreement.
The FDD excerpt does not specify the exact revenue figures required for each year, including Year 3. It only establishes that such requirements exist and that franchisees must adhere to them to avoid losing their exclusive territory. The specific revenue targets are likely detailed elsewhere in the Franchise Agreement or in an exhibit.
Prospective Crawlspace Medic franchisees should carefully review the complete Franchise Agreement and related exhibits to understand the specific minimum revenue requirements for each year of operation. It is essential to understand these targets and assess their achievability based on local market conditions and business projections. Franchisees should also inquire about the consequences of failing to meet these minimums and any potential remedies or probationary periods offered by Crawlspace Medic.