What does Extreme Art Studio consider to be its assets in the operation of the Franchised Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
You agree to use in operating the Franchised Business only those products, signs, inventory, supplies and equipment ("Operating Assets") that we approve for Extreme Art Studio Businesses as meeting our standards and specifications for customer service, quality, design, appearance, function and performance. We will advise you on necessary pre-opening procedures and assist you with inventory ordering of products, equipment and supplies through our affiliate or other suppliers. If you operate an Extreme Art Studio Business, you must submit construction plans and specifications to us for our approval before you begin construction at the Studio. You may, but are not required to use our approved construction management supplier to manage the entire build out and construction of your Studio. If you elect to use the approved construction management supplier, you will pay any construction management fee directly to our supplier. You will, at your own cost and expense, purchase and install all furnishings, fixtures, equipment, supplies and signage in conformance with the Franchise Operations Manual and our standards and specifications. You agree to place or display at the Franchised Business the Operating Assets as required by us from time to time. You agree to purchase or lease approved brands, types or models of Operating Assets in accordance with Section 8.3 of this Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the assets in operating a franchised business are the approved products, signs, inventory, supplies, and equipment, which are collectively referred to as "Operating Assets".
Extreme Art Studio requires franchisees to use only those Operating Assets that meet their standards for customer service, quality, design, appearance, function, and performance. The company will advise franchisees on pre-opening procedures and assist with inventory ordering through their affiliate or other suppliers. If operating an Extreme Art Studio Business, franchisees must submit construction plans and specifications for approval before starting construction at the studio.
Franchisees are responsible for purchasing and installing all furnishings, fixtures, equipment, supplies, and signage in accordance with the Franchise Operations Manual and Extreme Art Studio's standards. They must also place or display the Operating Assets at the Franchised Business as required by Extreme Art Studio and purchase or lease approved brands, types, or models of Operating Assets as outlined in the Franchise Agreement.