What pre-opening obligations must be fulfilled before Extreme Art Studio will allow me to open my Extreme Art Studio business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
You may not open your Extreme Art Studio Business until: (1) we notify you in writing that all of your pre-opening obligations have been fulfilled; (2) you have completed the initial training program to our satisfaction and have commenced the on-site assistance program; (3) all amounts due to us have been paid; (4) we have been furnished with copies of all insurance policies and certificates required by the Franchise Agreement, or other documentation of insurance coverage and payment of premiums that we request; (5) you notify us that all approvals and conditions set forth in the Franchise Agreement have been met; (6) you have received all required permits and licenses; and (7) you have ordered, received and installed your equipment, supplies, inventory and computer system. You must be prepared to begin operating your Extreme Art Studio Business after we state that your Extreme Art Studio Business is ready for opening.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 27–37)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, there are several obligations a franchisee must fulfill before opening their Extreme Art Studio business. These obligations ensure that the franchisee is fully prepared and compliant with Extreme Art Studio's standards.
Specifically, Extreme Art Studio requires written notification that all pre-opening obligations have been met. Franchisees must complete the initial training program to Extreme Art Studio's satisfaction and begin the on-site assistance program. All due payments to Extreme Art Studio must be cleared. Additionally, franchisees must furnish copies of all required insurance policies and certificates.
Furthermore, franchisees need to secure all required permits and licenses and confirm they have ordered, received, and installed all necessary equipment, supplies, inventory, and the computer system. Only after fulfilling these conditions and receiving confirmation from Extreme Art Studio can a franchisee commence operations. Franchisees must also be prepared to begin operating their Extreme Art Studio Business after Extreme Art Studio states that their Extreme Art Studio Business is ready for opening.