• Exclusive Territory: Franchisee may be granted exclusive rights to operate within a specific territory. 4. Grant of Franchise • Franchise Rights: The franchise allows the operation of the shop only at the specified location, with no relocation or off-premise sales allowed unless approved by Shoppe Company. 5. Term and Renewal • Term: The franchise lasts for 10 years, beginning when the shop opens for business. • Renewal: Franchisee can apply for a 10-year renewal if all conditions are met, including compliance with System Standards, financial obligations, and operational requirements. 6. Shoppe Company Obligations • Support: Shoppe Company provides initial training, operations manuals, and ongoing assistance. • Inspection: Shoppe Company will inspect the shop before opening to ensure compliance with design standards. 7. Fees • Franchise Fee: o $30,000 for a new shop. o $15,000 for existing franchisees opening new shops. o $10,000 for renewal. • Non-refundable, but partial refunds may apply in case of training issues or cancellation. 8. Grand Opening Program • Optional Event: Franchisee may hold a grand opening, and Shoppe Company may contribute up to $2,000 based on approved expenditures. 9. Continuing Fees • Royalties: Franchisee pays 4% of gross sales.
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