What does the Extreme Art Studio Business Number in the Extreme Art Rider evidence?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
Prior to opening the second and each subsequent Extreme Art Studio Business under a Standard Franchise, you and we will execute the then-current form of Extreme Art Rider ("Extreme Art Rider"), the current form of which is attached to this Franchise Agreement in Attachment E but which may vary materially and substantially from the form attached to this Franchise Agreement.
If you operate multiple Extreme Art Studio Businesses, each reference to the "Franchised Business" herein shall refer to each individual Extreme Art Studio Business that you operate under this Franchise Agreement, unless otherwise specified.
All obligations under this Franchise Agreement shall apply individually to each Extreme Art Studio Business you operate.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
Based on the 2024 Extreme Art Studio Franchise Disclosure Document, if a franchisee is granted a Standard Franchise (Multi-2 or Multi-3), they must sign the Extreme Art Rider before opening their second and subsequent Extreme Art Studio locations. The franchise agreement states that all obligations apply individually to each Extreme Art Studio location that the franchisee operates.
The Extreme Art Rider is used to specify the Approved Location for any additional Extreme Art Studio businesses beyond the initial location. Attachment B designates the initial location, while the Extreme Art Rider, along with Attachment E-1, specifies the address of subsequent locations. This ensures that each location meets the franchisor's standards and requirements.
This process is important for franchisees looking to expand, as it outlines the steps and documentation required for opening additional Extreme Art Studio locations under a multi-unit franchise agreement. It also highlights the franchisor's control over site selection and the need for mutual agreement on the location.