What is the condition for Extreme Art Studio Franchising, LLC to execute a Franchise Agreement?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
Once you have received approval of the site location for the initial Extreme Art Studio Business that satisfies the demographics and location requirements minimally necessary for an Extreme Art Studio Business and that meets our minimum current standards and specifications for the build out, interior design, layout, floor plan, signs, designs, color and décor, we will complete Attachment E-1 attached hereto, to specify the Approved Location for your initial Extreme Art Studio Business as provided in Section 1.4 of the Agreement.
- 6. Territory. Once you and we have mutually agreed upon a Territory in conformance with the territory guidelines stated in Item 12 of the Franchise Disclosure Document, we will complete Attachment E-1 to specify the Territory.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, before Extreme Art Studio Franchising, LLC will execute a Franchise Agreement, the prospective franchisee must receive approval of the site location for their initial Extreme Art Studio Business. This location must meet the demographic and location requirements deemed minimally necessary for an Extreme Art Studio Business.
In addition, the site must meet Extreme Art Studio's minimum current standards and specifications for the build out, interior design, layout, floor plan, signs, designs, color, and décor. Once these conditions are met, Extreme Art Studio will complete Attachment E-1 to specify the approved location for the initial Extreme Art Studio Business.
Furthermore, the franchisee and Extreme Art Studio must mutually agree upon a territory that conforms to the territory guidelines outlined in Item 12 of the Franchise Disclosure Document. Upon this mutual agreement, Extreme Art Studio will complete Attachment E-1 to specify the territory. These stipulations ensure that the franchisee's location and territory align with Extreme Art Studio's standards and strategic objectives.