Where can I find the specific development periods for opening Deka Lash Franchised Businesses?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
- 5.1 Minimum Obligations. Developer must ensure that, at a minimum, Developer will:
- a) Open and commence operations of a minimum of (i) 20% of the number of Franchised Businesses allowed under this Area Development Agreement each year or (ii) one Franchised Business per year, whichever is greater;
- b) Open and commence operations of the required number of new Franchised Businesses during each specified development period set forth in the Development Schedule described in the attached Developer Data Sheet, the terms of which are herein incorporated into this Agreement (each, a "Development Period"); and
- c) Have the minimu
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, the specific development periods for opening Deka Lash Franchised Businesses are found within the Developer Data Sheet attached to the Area Development Agreement. The Development Schedule, outlining these periods, is incorporated into the agreement.
Specifically, the Area Development Agreement requires the developer to open a minimum of either 20% of the total Franchised Businesses allowed under the agreement each year, or at least one Franchised Business per year, whichever is greater. The developer must also open and commence operations of the required number of new Franchised Businesses during each specified development period, as detailed in the Development Schedule within the Developer Data Sheet.
Failure to meet the development obligations outlined in the Development Schedule can lead to penalties. Deka Lash may charge a Delayed Opening Fee of $500 per studio for each month the franchisee is behind schedule, for up to 12 months. Continued failure to adhere to the development schedule or pay the delayed opening fee can result in the loss of protected territory rights and potential termination of the agreement.