What are the minimum performance requirements for Crawlspace Medic franchisees in Year 5?
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 minimum performance requirements to maintain their territory. These requirements are based on the franchisee's revenue per year of the agreement.
Unfortunately, the specific revenue targets for each year, including Year 5, are not detailed in the provided excerpts. The FDD excerpt only introduces the concept of minimum performance requirements without stating the actual figures.
A prospective Crawlspace Medic franchisee should inquire directly with the franchisor about the specific minimum revenue requirements for each year of the franchise agreement, including Year 5. Understanding these targets is crucial for assessing the financial viability of the franchise and ensuring the franchisee can maintain their exclusive territory.