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We have developed a "Mutual Investigation Process" which allows both parties to
exchange information in a sequential manner and proceed at their own pace.
During this process you will be required to provide adequate information for us
to evaluate your potential as a Fruition Day Spa franchisee. At the same
time, you will be receiving sufficient information from us about the franchise
opportunity that will allow you to decide if you wish to move forward at each
stage of the application process.
Step 1. The Initial Enquiry
The first step is to thoroughly read the information above. If you are still
interested in pursuing a Fruition Day Spa franchise, you should complete
and submit the Initial On- line Enquiry Form located at the end of this
section.
During this phase we will:
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Explain the total level of investment and minimum cash requirement
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Determine your preferred location(s)
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Discuss your preferred location(s) and your time frame to opening
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Provide you with a Franchise Application Report
Step 2. Franchise Application
The next step is for you to complete the Franchise Application Report and return
it to our office for our review. During this period, you are requested to
refrain from discussing the business directly with any of our employees, our
franchisees or their employees.
Step 3. The Personal Meeting
If the information provided in your Franchise Application Report meets our
selection criteria we will arrange a personal meeting at which time you will be
required to execute a Confidentiality/Non-Disclosure Agreement prior to being
provided with more in-depth information. The purpose of this meeting is to:
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Review your application
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Discuss the financial requirements
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Review potential locations
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Visit the corporate Fruition Day Spa
Step 4. Offer to Purchase Agreement
Should we mutually decide to proceed, the next step is for you to:
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Execute an Offer to Purchase Agreement and pay a deposit of $5,000, which is
fully refundable
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Receive a copy of the Franchise Agreement
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Receive our Financial Projections Template
Step 5. Review the Franchise Agreement and Financial
Projections
Once the Offer to Purchase Agreement has been executed and the deposit has been
paid you have 15 days to:
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Have the Franchise Agreement reviewed by a lawyer who is experienced in the
field of franchising *
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Execute the Franchise Agreement and pay the balance of the initial franchise
fee i.e. $25,000 (plus GST on the full amount of the initial franchise fee).
If during this 15 day period, you decide not to proceed with the franchise or we
elect not
* We thoroughly review the Franchise Agreement with you so that you have a clear
understanding of what is involved before you have it reviewed by a lawyer.
Step 6. Location
If the location has not been determined prior to the execution of the Franchise
Agreement you will commence your search for a location, which fits our site
selection criteria.
The Mutual Investigation Process has been designed to assist the franchise
applicant in determining if a Fruition Day Spa franchise meets their
requirements. We reserve the right in our sole discretion to change and amend
the sequence of events without notice.
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