What is the deadline for the transferee to complete the improvements, modifications, refurbishments, renovations, remodeling, and/or upgrading of the non-residential Administrative Office for a Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
- (8) The transferee, at its expense, must improve, modify, refurbish, renovate, remodel, and/or otherwise upgrade Franchisee's non-residential Administrative Office to conform to the then current standards and specifications of Franchisor, and the transferee must complete such improvements, modifications, refurbishments, renovations, remodeling, and/or upgrading within the time period Franchisor reasonably specifies;
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, if a franchise is transferred, the transferee is responsible for upgrading the non-residential Administrative Office to meet Deck Medic's current standards. The deadline for completing these upgrades is determined by Deck Medic, and the timeframe will be reasonably specified by them.
This means that a new franchisee taking over an existing Deck Medic location must be prepared to invest in renovations to bring the office up to the franchisor's current specifications. The exact cost and scope of these renovations will depend on how closely the existing office already aligns with the current standards.
As a prospective franchisee, it's important to discuss the potential upgrade requirements and associated costs with Deck Medic during the transfer process. Understanding the timeline and financial commitment involved in these upgrades is crucial for budgeting and planning purposes.