Expansion of the Franchisee’s Licensed Region Sample Clauses

Expansion of the Franchisee’s Licensed Region. If Franchisee desires to establish and operate additional Deli Delicious™ restaurants, we may in our sole discretion, grant Franchisee a license to operate additional Restaurants for a reduced Franchise Fee of $10,000 for an express model and $12,500 for a standard model for each additional Restaurant. Franchisee must satisfy our then-current qualifications at the time of the purchase of the option and also at the time of exercising the option. Some of the requirements include: (i) Franchisee has completed all training phases, (ii) Franchisee is fully compliant with all requirements both under the Franchise Agreement then being used by the Franchisor to sell to new buyers and the Franchise Agreement to be used for the option purchase, if different, (iii) Franchisee demonstrates financial ability to own and operate the franchise with reasonable success and (v) The option agreement has an expiration date as to when it no longer provides the right to purchase a franchise. Franchisee must execute our then-current franchise agreement. Expansion of a Franchisee’s region may be determined with this Agreement for each additional franchise, or made available to a Franchisee at a later date if available. If the Franchisee wishes to obtain an option to purchase the initial or additional franchise then a non-refundable option payment of $12,500 is required with the execution of this Agreement. The option payment will be credited towards the Initial Franchise Fee of $25,000 for an Express Model or $30,000 for a Standard Model (for an initial purchase) or credited against $10,000 for an additional Express Model Franchises or $12,500 for an additional Standard Model Franchises if the Franchise Agreement is executed on or before the expiration date of this Agreement.