What criteria does Extreme Art Studio provide for Studio locations for the Extreme Art Studio Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
o Business, the following provisions in this Section Error! Reference source n ot found. shall apply to your Extreme Art Studio Business:
- 2.1.1 You are responsible for selecting each Studio location for the Extreme Art Studio Business. We will provide you with assistance, including site selection, site evaluation, lease review, and construction project management for any Extreme Art Studio Business, as outlined in the Franchise Operations Manual. You may not lease or purchase a site for your Extreme Art Studio Business until after we have approved the site in writing. We will provide you with mandatory and suggested criteria for Studio locations for the Extreme Art Studio Business. We may inspect a Studio that you propose before we grant our approval. You acknowledge and agree that our approval of any Studio is merely our determination, entirely for our own purposes, that the Studio site meets our current criteria. Our consent does not constitute a representation or warranty of any kind, express or implied, of the Studio's suitability, and you confirm that you have not relied, and will not rely, on our approval for that purpose. You recognize that demographic and/or other factors could change at any time before or during the term of this Franchise Agreement, altering the Studio's potential and suitability. Your selection of the Studio is based on your own independent investigation of, or agreement in the future to investigate, the Studio's suitability. With respect to each Studio, we will not assess compliance with federal, state or local laws and regulations, including the ADA and safety requirements, as compliance with these laws is your responsibility. We will approve additional Studios that you propose for the Extreme Art Studio Business if the proposed Studio meets our then-current criteria; provided that we reserve the right to deny approval of an additional Studio if we determine that you are not maximizing the use of your existing Studio.
- 2.1.2 You must not enter into a lease for a Studio until we approve such location. The lease must include the terms and conditions that we require from time to time, including those found in our current form of lease addendum. You may not enter into any lease until we consent in writing to the lease agreement.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the franchisee is responsible for selecting the location for their Extreme Art Studio Business. Extreme Art Studio will provide assistance with site selection, site evaluation, lease review, and construction project management, as outlined in the Franchise Operations Manual. Extreme Art Studio also provides mandatory and suggested criteria for studio locations. However, the franchisee cannot lease or purchase a site until Extreme Art Studio has approved it in writing. Extreme Art Studio may inspect a proposed studio before granting approval. The franchisee is responsible for investigating the studio's suitability.
Extreme Art Studio's approval of a studio site is solely a determination that the site meets their current criteria, and it does not constitute a representation or warranty of any kind regarding the studio's suitability. Demographic and other factors could change at any time, altering the studio's potential and suitability. The franchisee's selection of the studio is based on their own independent investigation of the studio's suitability.
Once Extreme Art Studio approves the site location for the initial Extreme Art Studio Business, and the location satisfies the demographic and location requirements minimally necessary for an Extreme Art Studio Business and meets Extreme Art Studio's minimum current standards and specifications for the build-out, interior design, layout, floor plan, signs, designs, color, and décor, Extreme Art Studio will complete Attachment E-1 to specify the Approved Location. The franchisee must not enter into a lease for a studio until Extreme Art Studio approves the location, and the lease must include the terms and conditions that Extreme Art Studio requires. The franchisee must enter into a lease within six months after the Effective Date of the agreement.