Does Mrcool require a Site Selection Acknowledgment, as indicated by Exhibit 3?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
| Schedule 1 | Location and Designated Territory Acknowledgment |
|---|---|
| Schedule 2 | Statement of Franchise Owners |
| Exhibit 1 | Franchise Owner and Spouse Agreement and Guaranty |
| Exhibit 2 | Confidentiality Agreement |
| Exhibit 3 | Site Selection Acknowledgment |
| Exhibit 4 | Lease Agreement Rider |
| Exhibit 5 | Collateral Assignment of Lease |
| Exhibit 6 | Assignment of Telephone Numbers and Digital Media Accounts |
| Exhibit 7 | ACH Authorization Form |
| Exhibit 8 | General Release |
Source: Item 22 — CONTRACTS (FDD page 55)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, Exhibit 3 is indeed a Site Selection Acknowledgment. Item 22 lists the various contracts, schedules, and exhibits that a franchisee will encounter. The inclusion of a Site Selection Acknowledgment as Exhibit 3 suggests that Mrcool requires franchisees to formally acknowledge and agree to the site selected for their franchise location. This is a common practice in franchising, as the location of a business can significantly impact its success.
For a prospective Mrcool franchisee, this means they will need to sign a document confirming their agreement with the chosen site. This acknowledgment likely covers aspects such as the suitability of the location, demographics, market conditions, and other factors relevant to the potential success of the Mrcool franchise at that specific site. It is important for the franchisee to carefully review the site selection process and any related documentation before signing this acknowledgment.
The Site Selection Acknowledgment serves to protect both the franchisee and Mrcool. It ensures that the franchisee has been informed about the location and its potential, while also confirming that the franchisee agrees with the selection. This can help prevent disputes later on regarding the suitability of the site. Franchisees should carefully evaluate the terms and conditions outlined in the Site Selection Acknowledgment to fully understand their obligations and rights related to the chosen location.