factual

Is Extreme Art Studio responsible for selecting the location for the Extreme Art Studio Business?

Extreme_Art_Studio Franchise · 2024 FDD

Answer from 2024 FDD Document

rt Studio 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;

Source: Item 22 — CONTRACTS (FDD page 49)

What This Means (2024 FDD)

According to Extreme Art Studio's 2024 Franchise Disclosure Document, the franchisee is primarily responsible for selecting the location of their Extreme Art Studio Business. While Extreme Art Studio may offer assistance, the ultimate responsibility lies with the franchisee.

Specifically, the franchisee is responsible for selecting each studio location. Extreme Art Studio will provide assistance, including site selection, site evaluation, lease review, and construction project management, as outlined in the Franchise Operations Manual. However, the franchisee cannot lease or purchase a site until Extreme Art Studio has approved it in writing. Extreme Art Studio will provide mandatory and suggested criteria for studio locations and may inspect a proposed studio before granting approval.

Extreme Art Studio's approval of a studio site is simply a determination that the site meets their current criteria for their own purposes. It does not constitute a representation or warranty of any kind regarding the studio's suitability. The franchisee acknowledges that they have not relied, and will not rely, on Extreme Art Studio's approval for that purpose, and that demographic and other factors could change, altering the studio's potential and suitability.

The franchisee's selection of the studio is based on their own independent investigation of, or agreement to investigate, the studio's suitability. The franchisee must not enter into a lease for a studio until Extreme Art Studio approves the location, and the lease must include terms and conditions required by Extreme Art Studio. The franchisee must enter into a lease within six months after the effective date of the franchise agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.