Where can I find the number of Face Foundrie Facial Bars the Area Developer is obligated to develop?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
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").
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the specific number of Face Foundrie Facial Bars that an Area Developer is obligated to develop is detailed in Exhibit A of the Area Development Agreement. Section 1.1 of the agreement states that the Area Developer undertakes the obligation to develop no less than the number of Franchised Facial Bars as specified in Exhibit A. Furthermore, Paragraph 1 of Exhibit A contains the Development Schedule, which outlines the deadlines for executing Franchise Agreements for a cumulative number of Facial Bars.
Exhibit A also defines the Development Area where these Facial Bars are to be located. The agreement clarifies that if the Development Area is yet to be determined, Face Foundrie retains the right to designate the area after the agreement is signed, upon approval of the Area Developer's proposed territory. Until the Development Area is designated, the Area Developer does not have rights to a protected territory.
In practical terms, a prospective Area Developer should carefully review Exhibit A of the Area Development Agreement to understand their development obligations, including the number of Face Foundrie locations they are required to open and the timeline for doing so. They should also understand the implications of the Development Area and any conditions related to site selection and territory protection. The Area Development Fee, as mentioned in Paragraph 3 of Exhibit A, is also tied to the number of Franchised Facial Bars to be developed.