Will Extreme Art Studio review my lease agreement to ensure it meets their standards?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 11: FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING]
Pre-opening Obligations
Before you open your Extreme Art Studio Business, we (or our designee(s)) will provide the following assistance and services to you:
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- Provide you with assistance, including site selection, site evaluation, lease review and construction project management for an Extreme Art Studio Business, as we have outlined in our Franchise Operations Manual (See Franchise Agreement – Section 2.1 and Extreme Art Rider).
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- Review your lease agreement for the Studio to ensure that its terms contain our required provisions and otherwise meet our minimum standards for an Extreme Art Studio Business (See Franchise Agreement – Section 2.1 and Extreme Art Rider).
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- Provide you with specifications for all initial and replacement furniture, fixtures, equipment, signs, inventory and supplies that conform to the standards and specifications described in the Franchise Operations Manual or otherwise in writing that are required to operate your Extreme Art Studio Business. We do not deliver or assist with the installation of any fixtures, furnishings, equipment, signs or other supplies. (See Franchise Agreement – Sections 2.2 and 8.4).
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- We will also provide you with a schematic design review for your Extreme Art Studio Business. You must submit final construction plans and specifications to us for our approval before you
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, pre-opening assistance includes lease review. Extreme Art Studio will review your lease agreement for the studio to ensure that its terms contain their required provisions and otherwise meet their minimum standards for an Extreme Art Studio Business. This is referenced in Section 2.1 of the Franchise Agreement and the Extreme Art Rider.
Extreme Art Studio also provides site selection assistance. You must use Extreme Art Studio's site selection criteria to select and acquire a site for your studio. You may not lease or purchase a site until Extreme Art Studio has approved the site in writing. The factors they consider include location, size, suitability, layout, access and visibility, proximity to other businesses, competitors, population density and demographics, vehicle and pedestrian traffic, existing tenant mix, and parking convenience.
However, the ultimate responsibility for choosing, obtaining, and developing the site for your studio lies with you. You are responsible for conforming the premises to local ordinances and building codes, obtaining the required permits, and constructing, remodeling and decorating the premises. Extreme Art Studio will not provide assistance for these obligations. If you and Extreme Art Studio cannot agree on an approved site within four months after signing the Franchise Agreement, Extreme Art Studio has the option to terminate the agreement without a refund. You must enter into a lease within six months of signing the Franchise Agreement, or Extreme Art Studio can terminate the agreement without a refund.