For a Petro Stopping Center franchise, is the franchisee required to lease the site, or are there other options?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
(a) Lease of Site.
You must acquire premises for the Petro Center.
At your option, you may lease the Site or acquire it by other means.
- (b) Lease Approval.
You must obtain our approval of the lease(s) (if any) (each a "Lease") before you sign it, or any renewal of it.
You must deliver a copy of each signed Lease to us within three (3) business days after its full execution along with the fully executed Lease Assignment.
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to the 2025 Petro Stopping Center Franchise Disclosure Document, franchisees have the option to either lease the site for their Petro Stopping Center or acquire it through other means. However, if the franchisee chooses to lease the site, Petro Stopping Center requires approval of the lease, including any renewals, before it is signed. The franchisee must then provide Petro Stopping Center with a copy of the fully executed lease within three business days, along with a fully executed Lease Assignment.
Petro Stopping Center must approve the location of the site. If a mutually agreeable site cannot be found, or if the franchisee does not obtain a fee interest in or a fully signed lease agreement for the site within 90 days of the agreement date, Petro Stopping Center has the right to terminate the franchise agreement. Before entering into a lease, the franchisee and lessor must sign Petro Stopping Center's current Lease Assignment form, which the franchisee must provide to the prospective lessor during negotiations.
If the lease expires or terminates due to reasons outside the franchisee's control, or if the site becomes unusable as a Petro Stopping Center, or if Petro Stopping Center determines that there is a detrimental change in the location's character, the franchisee may be permitted to relocate the Petro Stopping Center to another site within the Protected Area, provided they comply with Petro Stopping Center's standards for site relocation and the new site meets the current criteria for relocation sites. Petro Stopping Center has the right to charge the franchisee for expenses incurred in connection with the relocation and finding a new site.