What does the 'Standard 2' Franchise package provide for an Extreme Art Studio franchisee?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
. The "Standard 2" Franchise package provides for you to operate two Extreme Art Studio Businesses. The "Standard 3" Franchise package provides for you to operate three Extreme Art Studio Businesses. Prior to opening additional Extreme Art Studio Businesses
under a Standard 2 Franchise or a Standard 3 Franchise, you will sign our then-current "Extreme Art Rider" for each additional Extreme Art Studio Business, which may differ from the Extreme Art Rider that is attached to this Franchise Disclosure Document as Exhibit H-8. You may operate one additional Extreme Art Studio Business for each Extreme Art Rider you sign. There is no development territory or development schedule to open additional Extreme Art Studio Businesses under the Multi-Franchise Addendum or Extreme Art Rider.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–10)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the "Standard 2" Franchise package allows a franchisee to operate two Extreme Art Studio Businesses. To open additional locations under this package, the franchisee must sign the then-current "Extreme Art Rider" for each additional business.
Each Extreme Art Rider permits the operation of one additional Extreme Art Studio Business. It's important to note that the Extreme Art Rider signed for additional locations may differ from the sample included in the FDD.
There is no specified development territory or schedule for opening additional Extreme Art Studio Businesses under either the Multi-Franchise Addendum or the Extreme Art Rider. This means that while the Standard 2 package grants the right to operate two studios initially, expansion beyond that is subject to signing additional agreements without any guaranteed territory or timeline.