What is the date range for each development period in the Mrcool development schedule?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
| Development Schedule | |
|---|---|
| Development Period | |
| Development Period 1: | |
| [---------- TO ----------] [------] [------] | |
| Development Period 2: | |
| [---------- TO ----------] [------] [------] | |
| Development Period 3: | |
| [---------- TO ----------] [------] [------] | |
| Development Period 4: | |
| [---------- TO ----------] [------] [------] | |
| Development Period 5: | |
| [---------- TO ----------] [------] [------] |
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, the specific date ranges for each development period within the development schedule are not explicitly detailed in the provided excerpts. However, there is a table that is intended to outline the development schedule, but it is incomplete.
The document refers to a "Development Information Sheet" (Schedule A) that should contain this information, but the excerpt does not include a completed version of this schedule. The franchise agreement stipulates that franchisees must adhere to the development schedule, opening and maintaining the operation of new Mrcool centers within the specified timeframes for each development period. Failure to meet these deadlines can result in the termination of the agreement.
Prospective Mrcool franchisees should carefully review the Development Information Sheet attached to their franchise agreement to understand the specific dates and requirements for each development period. It is crucial to confirm that the Development Information Sheet is completed and signed by Mrcool to ensure its validity. Franchisees should also inquire about the criteria Mrcool uses to determine the reasonableness of the development schedule and the potential consequences of failing to meet the stated milestones.