How many development periods are included in the Mrcool development schedule?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 the 2025 Mrcool FDD, the development schedule includes five development periods. The periods are listed in a table format, showing 'Development Period 1' through 'Development Period 5'.
For a multi-unit developer, this schedule is crucial as it outlines the timeframe within which they are expected to open new Mrcool centers. Failing to adhere to this schedule, as stated in Section 2.1, can lead to the termination of the agreement and any future development rights.
The FDD emphasizes the importance of franchisees conducting their own investigation to ensure the development schedule is reasonable and viable. This suggests that prospective franchisees should carefully assess their capabilities and market conditions before committing to the development schedule outlined in the agreement.