Does Extreme Art Studio provide assistance with site selection for an Extreme Art Studio Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
We will provide you with our site selection criteria for you to use to select and acquire a site for your Studio which meets our site selection criteria. You may not lease or purchase a site for your Studio until after we have approved the site in writing. The factors we consider in approving sites for your Studio include location; size; suitability; layout; access and visibility of the proposed location; proximity to other businesses; location and nature of any competitors; population density and demographics; vehicle traffic; pedestrian traffic; existing tenant mix; parking convenience; and other factors that may be relevant to your market. The same site selection criteria will generally be applicable to all Extreme Art Studio Business franchisees. We generally do not own the premises and lease it to you.
There are no deadlines for our approval or disapproval of your proposed Studio site, although we will typically be able to respond within two weeks after you submit to us all of the required information. Once we have approved your location, the Franchise Agreement or applicable Extreme Art Rider will automatically be amended to show the specific location as the only location where you are authorized to
operate the Extreme Art Studio Business. If you and we are not able to reach agreement on an approved site for your Studio within four months after you sign the Franchise Agreement or applicable Extreme Art Rider, then we have the option to terminate the Franchise Agreement without providing you a refund.
You must obtain our prior written approval of your Studio lease. Your Studio lease must meet our lease approval criteria, including certain mandatory lease provisions that we require for our protection. If you fail to enter into a lease for your Extreme Art Studio Business within six months after signing the Franchise Agreement, then we have the option to terminate the Franchise Agreement without providing you a refund.
Although we will consult with you on your site for your Studio, assist you in finding an acceptable location, and require that your site for your Studio be subject to our final authorization, you have the ultimate responsibility in choosing, obtaining, and developing the site for your Studio. You are responsible for conforming the premises to local ordinances and building codes, obtaining the required permits, and constructing, remodeling and decorating the premises. We will not provide assistance for any of these franchisee obligations.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 27–37)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, Extreme Art Studio does provide assistance with site selection. Specifically, Extreme Art Studio will provide franchisees with their site selection criteria to use when selecting a location. Franchisees must receive written approval from Extreme Art Studio before leasing or purchasing a site. Extreme Art Studio will consider factors such as location, size, suitability, layout, access, visibility, proximity to other businesses, competitors, population density, demographics, traffic, tenant mix, and parking. These criteria generally apply to all franchisees.
Extreme Art Studio does not typically own the premises and lease it to the franchisee. While there are no set deadlines for approval or disapproval, Extreme Art Studio typically responds within two weeks of receiving all required information. The Franchise Agreement will be amended to specify the approved location. If an agreement on a site cannot be reached within four months of signing the Franchise Agreement, Extreme Art Studio has the option to terminate the agreement without a refund.
The franchisee must obtain Extreme Art Studio's prior written approval of the studio lease, ensuring it meets their criteria, including mandatory lease provisions. Failure to enter into a lease within six months of signing the Franchise Agreement gives Extreme Art Studio the option to terminate the agreement without providing a refund. Although Extreme Art Studio will consult on the site and requires final authorization, the franchisee has the ultimate responsibility for choosing, obtaining, and developing the site. The franchisee is responsible for conforming to local ordinances and building codes, obtaining permits, and handling construction, remodeling, and decorating, without assistance from Extreme Art Studio.