What standards must the construction or remodeling of a Crown Gold Exchange location conform to?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee shall construct (or remodel) and finish the Location in conformity with Crown Gold Franchising's System Standards. If required by Crown Gold Franchising, Franchisee shall engage the services of an architect licensed in the jurisdiction of the Location. Franchisee shall not begin any construction or remodeling work without first obtaining Crown Gold Franchising's approval of Franchisee's plans. Crown Gold Franchising may, but is not required to, inspect Franchisee's construction or remodeling progress at any reasonable time.
Franchisee shall not rely upon any information provided or opinions expressed by Crown Gold Franchising or its representatives regarding any architectural, engineering, or legal matters (including without limitation the Americans With Disabilities Act) in the development and construction of the Business, and Crown Gold Franchising assumes no liability with respect thereto. Crown Gold Franchising's inspection and/or approval to open the Business is not a representation or a warranty that the Business has been constructed in accordance with any architectural, engineering, or legal standards.
- 7.13 Remodeling. In addition to Franchisee's obligations to comply with all System Standards in effect from time to time, Crown Gold Franchising may require Franchisee to undertake and complete a Remodel of the Location to Crown Gold Franchising's satisfaction.
Franchisee must complete the Remodel in the time frame specified by Crown Gold Franchising.
Crown Gold Franchising may require the Franchisee to submit plans for Crown Gold Franchising's reasonable approval prior to commencing a required Remodel.
"Remodel" means a refurbishment, renovation, and remodeling of the Location to conform to the building design, exterior facade, trade dress, signage, fixtures, furnishings, equipment, decor, color schemes, presentation of the Marks, and other System Standards in a manner consistent with the image then in effect for a new Crown Gold Exchange business.
"System Standards" means, as of any given time, the then-current mandatory procedures, requirements, and/or standards of the System as determined by Crown Gold Franchising, which may include without limitation, any procedures, requirements and/or standards for appearance, business metrics, cleanliness, customer service, design (such as construction, decoration, layout, furniture, fixtures and signs), equipment, inventory, marketing and public relations, operating days, operating hours, presentation of Marks, product and service offerings, quality of products and services (including any guaranty and warranty programs), reporting, safety, technology (such as computers, computer peripheral equipment, smartphones, point-of-sale systems, back-office systems, information management systems, security systems, video monitors, other software, backup and archiving systems, communications systems (including email, audio, and video systems), payment acceptance systems, and internet access, as well as upgrades, supplements, and modifications thereto), uniforms, and vehicles.
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, franchisees must construct or remodel their locations in accordance with the company's System Standards. These standards encompass a wide array of requirements, including those related to design elements such as construction, decoration, layout, furniture, fixtures, and signage. Franchisees are required to obtain Crown Gold Franchising's approval of their plans before commencing any construction or remodeling work. While Crown Gold Franchising may inspect the progress of the construction or remodeling, they are not obligated to do so.
Before opening their Crown Gold Exchange business, franchisees must ensure that their location adheres to all applicable System Standards. Additionally, Crown Gold Franchising must inspect and approve the business prior to its opening. The document also states that Crown Gold Franchising assumes no liability with respect to any architectural, engineering, or legal matters during the development and construction of the business. The company's inspection and approval to open the business does not represent or warrant that the business has been constructed in accordance with any architectural, engineering, or legal standards.
In addition to initial construction, Crown Gold Franchising retains the right to mandate that franchisees undertake and complete a remodel of their location to meet the company's satisfaction. Franchisees are obligated to complete the remodel within the timeframe specified by Crown Gold Franchising, and the company may require franchisees to submit plans for approval before starting the remodel. The definition of "Remodel" includes refurbishment, renovation, and remodeling of the Location to conform to the building design, exterior facade, trade dress, signage, fixtures, furnishings, equipment, decor, color schemes, presentation of the Marks, and other System Standards in a manner consistent with the image then in effect for a new Crown Gold Exchange business.