What is the definition of 'Franchised Facial Bars' in the Face Foundrie agreement?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
1. GRANT
1.1 Grant and Acceptance. Franchisor grants development rights to Area Developer, and Area Developer undertakes the obligation, pursuant to the terms and conditions of this Agreement, to develop no less than the number of Face Foundrié Facial Bars (the "Franchised Facial Bars") as set forth in Exhibit A to this Agreement. In this regard, the parties further agree that:
- 1.1.1 Each Franchised Facial Bar developed hereunder shall be operated pursuant to a separate Face Foundrié Franchise Agreement with Franchisor (a "Franchise Agreement") that shall be executed as provided in Section 3.4 below.
- 1.1.2 For each Franchised Facial Bar to be developed under this Agreement, Area Developer shall execute the Franchise Agreement for such Franchised Facial Bar in accordance with the deadlines set forth in the development schedule specified in Paragraph 1 of Exhibit A to this Agreement (the "Development Schedule").
1.1.3 Each Franchised Facial Bar developed hereunder shall be at a specific location, which shall be designated in the Franchise Agreement, that is within in the area described in Paragraph 2 of Exhibit A to this Agreement (the "Development Area").
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, 'Franchised Facial Bars' are defined within the context of an area development agreement. Specifically, the franchisor grants area developers the right to develop a certain number of Face Foundrie Facial Bars, as detailed in Exhibit A of the agreement.
Each Face Foundrie Facial Bar developed under the area development agreement must be operated under a separate Face Foundrie Franchise Agreement with the franchisor. The area developer is required to execute a Franchise Agreement for each Facial Bar according to the schedule outlined in Exhibit A.
Furthermore, each Franchised Facial Bar must be located at a specific location designated in the Franchise Agreement, within the development area also described in Exhibit A. This establishes the framework for how Face Foundrie expands its franchise network through area developers who commit to opening multiple locations within a defined territory.