factual

What factors does Deka Lash consider when approving a site selection?

Deka_Lash Franchise · 2024 FDD

Answer from 2024 FDD Document

Site Selection. We provide site selection criteria, guidelines, and counseling to help you select a site. We do not select the site. It is your responsibility to locate and select a suitable site for your studio. You must submit to us a site selection proposal containing reasonable items required by us to evaluate the site. We must approve any site you select before you sign a lease for that location. We do not generally own the premises and lease it to you. Before you enter into a lease or purchase agreement, you must have the site approved by us. We consider the following factors in approving your site selection: general location, proximity to other affiliated/Deka Lash locations, neighborhood, traffic patterns, signage, parking, size, zoning, physical characteristics of the proposed space, demographics, population density of the area, and lease terms (including the cost of the build-out, monthly rent rate). We may conduct an on-site evaluation if we consider it necessary as part of our evaluation. We will typically approve or disapprove a proposed site within 14 days of your submission to us of the pertinent information required by us on the proposed site. If we accept a proposed site and you obtain it, we will insert a description of the specific location in Schedule 1 to the franchise agreement. In the unlikely event that you and we cannot agree on a site within the opening timeframe allowed, you can extend the timeline by getting approved and paying the opening deadline extension fee, we can allow you more time to search for a site that we can agree upon, or we can terminate the franchise agreement. (Franchise Agreement, Section 5.2(a)).

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 32–40)

What This Means (2024 FDD)

According to Deka Lash's 2024 Franchise Disclosure Document, franchisees are responsible for locating and selecting a suitable site for their studio. However, Deka Lash must approve the site before the franchisee signs a lease. Deka Lash provides site selection criteria, guidelines, and counseling to assist franchisees in this process. Franchisees must submit a site selection proposal for evaluation. Deka Lash will typically approve or disapprove a proposed site within 14 days of submission of all required information.

When evaluating a potential site, Deka Lash considers several factors. These include the general location, proximity to other affiliated Deka Lash locations, the surrounding neighborhood, traffic patterns, signage visibility, parking availability, and the size of the space. They also assess the zoning regulations, physical characteristics of the proposed space, demographics of the area, and population density. Lease terms, including the cost of build-out and the monthly rent rate, are also important considerations.

Deka Lash may conduct an on-site evaluation to aid in their decision. If the site is approved and the franchisee obtains it, a description of the specific location will be added to the franchise agreement. If the franchisee and Deka Lash cannot agree on a site within the specified timeframe, the franchisee has options such as extending the timeline by paying an extension fee, continuing the site search with Deka Lash's approval, or terminating the franchise agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.