What is the minimum number of Monicals Pizza restaurants a developer must establish and operate within the defined geographic area according to the Development Agreement?

According to Monicals Pizza's 2025 Franchise Disclosure Document, the Development Agreement grants the developer rights to establish and operate a specific minimum number of Monicals Pizza restaurants within a defined geographic area. However, the exact minimum number of restaurants is not specified in the provided excerpt. The agreement states that the developer undertakes to establish and operate 'not less than () Monical's Restaurants' within the Development Territory, but the parenthesis indicates that the actual number is to be defined elsewhere, likely in the specific agreement or an attached exhibit.

This means that the minimum number of restaurants a developer is obligated to open will vary depending on the specific Development Agreement they sign with Monicals Pizza. The Development Territory, defined by zip codes or other boundaries, is also not specified in this excerpt but is a key factor in determining the scope of the development obligation. The Development Schedule, referenced in Section 4.1, is where the specific number of restaurants and their opening dates are detailed.

Prospective developers should carefully review the Development Schedule (Exhibit A) attached to their Development Agreement to understand their specific obligations. They should also inquire about the criteria used to determine the minimum number of restaurants required, and how the Development Territory is defined, to fully assess the investment and operational requirements of the agreement. Understanding these details is crucial for making an informed decision about entering into a Development Agreement with Monicals Pizza.