Under what conditions will Fat Shack extend the deadline for a franchisee to acquire an approved location?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
Schedule
Franchisee shall execute a lease or otherwise acquire an approved location no later than 270 days from the date this Agreement is signed. FSI will extend the deadline required for Franchisee to acquire its site for up to three successive 90-day periods if (i) factors beyond Franchisee's reasonable control prevent Franchisee from meeting the applicable deadline, (ii) Franchisee has made reasonable and continuing efforts to obtain and submit for approval an acceptable site and lease, (iii) Franchisee delivers a written request to extend the time to sign a lease ("Extension Notice") at least five days prior to the applicable deadline, and (iv) for any extensions past the first 90-day extension, at the time Franchisee delivers the Extension Notice to FSI, Franchisee pays FSI a $500.00 "Site Acquisition Extension Fee" for each additional 90-day extension period. Franchisee shall not have any right to extend the time that Franchisee has to sign a lease under this Agreement if Franchisee is otherwise in default of this Agreement or any other agreement with FSI or if Franchisee has not timely exercised its previous rights to extend the lease execution deadlines set out herein. Under no circumstance, shall FSI allow Franchisee more than a total of 1½ years, including all site acquisition extensions, to locate and acquire the Restaurant Location, either through lease execution or o
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, a franchisee has 270 days from the date the Franchise Agreement is signed to execute a lease or otherwise acquire an approved location. Fat Shack will extend this deadline for up to three successive 90-day periods if certain conditions are met.
Specifically, Fat Shack will grant an extension if factors beyond the franchisee's reasonable control prevent them from meeting the initial deadline. The franchisee must also demonstrate that they have made reasonable and continuing efforts to find and submit an acceptable site and lease for approval. Additionally, the franchisee must deliver a written request to extend the time to sign a lease (referred to as an "Extension Notice") at least five days before the applicable deadline.
For any extensions beyond the first 90-day period, the franchisee must pay Fat Shack a $500 Site Acquisition Extension Fee for each additional 90-day extension period at the time the Extension Notice is delivered. However, the franchisee will not have the right to extend the time to sign a lease if they are in default of the Franchise Agreement or any other agreement with Fat Shack, or if they have not timely exercised their previous rights to extend the lease execution deadlines. Under no circumstance will Fat Shack allow a franchisee more than a total of 1½ years, including all site acquisition extensions, to locate and acquire the Restaurant Location, either through lease execution or otherwise.