How many Epcon Communities franchise agreements have been signed in Florida, but the outlet has not yet opened?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise Agreements Signed but Outlet Not Opened | Projected New Franchised Outlets in the Next Fiscal Year | Projected New Company-Owned Outlets in the Next Fiscal Year* |
|---|---|---|---|
| Arizona | 2 | 0 | 0 |
| Colorado | 1 | 0 | 0 |
| Florida | 5 | 0 | 0 |
| Georgia | 0 | 0 | 3 |
| Illinois | 1 | 0 | 0 |
| Indiana | 1 | 0 | 3 |
| Iowa | 1 | 2 | 0 |
| Kansas | 0 | 2 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 79–85)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, as of the end of the fiscal year, there were 5 franchise agreements signed in Florida for which the outlet had not yet opened. This information is presented in a table that summarizes the status of franchised outlets.
This means that an Epcon Communities franchisee in Florida has signed the franchise agreement and corresponding Market Area Agreement, securing the rights to develop an Epcon project in a specific location, but construction and sales have not yet commenced. According to the FDD, an outlet is considered open upon a franchisee's signing of the Franchise Agreement, and its corresponding Market Area Agreement.
It's important to note that while these agreements are signed, there's no guarantee that these projects will proceed as planned. Various factors, such as financing, site approvals, and market conditions, could influence the timeline and eventual opening of these Epcon Communities projects. Prospective franchisees should inquire about the typical time frame between signing the agreement and opening the outlet, as well as the support Epcon Communities provides during this pre-opening phase.