factual

What is the duration of the Second Renewal Term for a Marble Slab Creamery franchise?

Marble_Slab_Creamery Franchise · 2025 FDD

Answer from 2025 FDD Document

"Franchisee":
"Site Selection Area":
"Accepted Location":
"Effective Date": , 202 "Initial Fee": $
"Initial Operating Partner":
"NAF Percentage": 2% "Royalty Rate": 6% "Local Advertising Percentage": 2%
"First Renewal Term": 10 years "Second Renewal Term": 10 years

Source: Item 22 — CONTRACTS (FDD page 101)

What This Means (2025 FDD)

According to the 2025 Marble Slab Creamery Franchise Disclosure Document, the Second Renewal Term is for a period of 10 years. Specifically, after the initial term of 15 years, a franchisee has the right to enter into a new franchise agreement for a period equal to the First Renewal Term, and that agreement will grant the franchisee the right to enter into one additional Renewal Franchise Agreement for a period equal to the Second Renewal Term.

This means that if a franchisee meets the conditions for renewal, they can extend their franchise agreement for another 10 years after the first renewal period expires. This provides an opportunity for long-term business operation under the Marble Slab Creamery brand, assuming the franchisee continues to meet the franchisor's standards and agreements.

It is important for prospective franchisees to understand the conditions required to qualify for renewal, as outlined in Section 2.3 of the franchise agreement. These conditions typically include being in good standing, not being in default of the agreement, and meeting financial obligations. Meeting these conditions is crucial for securing both the First and Second Renewal Terms and continuing to operate a Marble Slab Creamery franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.