What are the limitations on Fly To Fit Franchise's right to require a remodel?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
Fly To Fit Franchise's right to require a Remodel is limited as follows: (i) the Remodel will not be required in the first two or last two years of the term (except that a Remodel may be required as a condition to renewal of the term or a Transfer), and (ii) a Remodel will not be required more than once every five years from the date on which Franchisee was required to complete the prior Remodel.
Source: Item 22 — CONTRACTS (FDD page 44)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Fly To Fit has the right to require franchisees to remodel their locations to meet the franchisor's standards. However, this right is subject to certain limitations that protect the franchisee.
Specifically, Fly To Fit cannot require a remodel during the first two years or the last two years of the franchise term. This provides a period of stability for the franchisee at the beginning and end of their agreement. An exception exists if a remodel is required as a condition for renewing the franchise term or as part of a transfer of ownership.
Furthermore, Fly To Fit is limited to requiring a remodel no more than once every five years. This ensures that franchisees are not burdened with frequent and costly remodeling expenses. This provision offers some predictability in capital expenditure planning for Fly To Fit franchisees.