DOES ANYONE HAVE EXPERIENCE WITH FRANCHISE AREA DEVELOPMENT AGREEMENTS?
I am considering signing an area development agreement with a well-known automotive service / repair brand. The agreement would give me exclusive rights to what I believe to be a very favorable demographic region in exchange for committing to open multiple locations (5+) over a period of 5 years. Please note that I cannot be forced to open a unit, I just lose market exclusivity if I fail to meet the development schedule. I think this is a good opportunity for me but I would love to hear from any searchers who have signed an area development agreement. I would also love to hear from anyone that has experience with automotive service / repair franchises. Thanks in advance!