How often does Devon Creek amend the list of approved suppliers?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
mit to Franchisor a written request for such approval prior to using such product, service or supplier. Franchisee shall not purchase or lease any item or use any supplier until and unless such item or supplier has been approved in writing by Franchisor. Franchisor shall have the right to require that its representatives be permitted to inspect the supplier's facilities and to test or otherwise evaluate samples from the supplier. Franchisor reserves the right to charge Franchisee an evaluation fee of equal to the greater of Five Hundred Dollars ($500) or Franchisor's actual cost of evaluation, inspection and testing. Franchisor shall notify Franchisee whether Franchisor approves or disapproves of the proposed item or supplier within sixty (60) days after Franchisor receives all required information to evaluate the pro
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2024 FDD)
Based on the 2024 Devon Creek Franchise Disclosure Document, the FDD does not specify how often Devon Creek amends its list of approved suppliers. However, the document does state that franchisees must seek approval from Devon Creek for any unapproved equipment, product, service, or supplier before use.
Specifically, if a franchisee wishes to use an unapproved item or supplier, they must submit a written request to Devon Creek for approval. Devon Creek has the right to inspect the supplier's facilities and test samples. Devon Creek may charge an evaluation fee equal to $500 or the actual cost of evaluation, inspection, and testing, whichever is greater.
Devon Creek is required to notify the franchisee of its decision regarding the proposed item or supplier within 60 days of receiving all required information. If Devon Creek approves the item or service for use within the entire system, it implies that the approved list would be updated accordingly.
To gain a comprehensive understanding of how frequently the approved supplier list is updated, a prospective franchisee should directly ask Devon Creek about the typical update frequency, the criteria for adding or removing suppliers, and any associated costs or procedures.