How much time will a Gold Star franchisee be given to complete the store refurbishing?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
e Store at its own expense to conform to the trade dress, color schemes and presentation of the Marks in a manner consistent with the image then in effect for new Gold Star Chili restaurants under the System. Such refurbishment may include structural changes, installation of new equipment and signs, remodeling, redecoration, and modifications to existing improvements. FRANCHISEE will complete the refurbishing within the time period specified by the COMPANY pursuant to Section 3.3 hereof. FRANCHISEE acknowledges that the COMPANY cannot estimate the costs of refurbishment but any request by the COMPANY will be in its reasonable discretion. Notwithstanding the foregoing, the COMPANY shall not require FRANCHISEE to fully refurbish the Store during the following periods: (a) if the Store will be newly-constructed in connection with this Agreement, (i) during the period commencing with the date of this Agreement and ending on the five-year anniversary of the Store opening for business to the general public and (ii) the period commencing on the date which is one year prior to the expiration of the initial term of this Agreement, and ending on the last day of the initial term of this Agreement;
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to the 2025 Gold Star Franchise Disclosure Document, the franchisee will complete the store refurbishing within the time period specified by Gold Star, as outlined in Section 3.3 of the agreement. However, if the refurbishment costs exceed $30,000, the franchisee will be given at least six months after receiving notice of the required changes to complete the refurbishment.
It is important to note that Gold Star will not require a full store refurbishment during specific periods. For newly-constructed stores, this includes the first five years after opening and the year before the initial agreement term expires. For stores that are not newly constructed, this includes the first year after opening and the year before the initial agreement term expires.
Prospective franchisees should be aware that the costs associated with refurbishment can vary and are the franchisee's responsibility. Franchisees should clarify with Gold Star what factors determine the refurbishment timeline and typical costs to adequately prepare for these potential expenses.