LEISURE POOLS AVIVA POOLS
LEISURE POOLS AVIVA POOLS offers high-end swimming pool and spa sales and installation. Known for elite dealership operations under premium marks, this franchise targets both businesses and public members in the competitive home improvement sector.
LEISURE POOLS AVIVA POOLS franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of an elite dealership ranges from $150,900 to $287,000. This includes a mandatory payment of $100,000 to the franchisor or its affiliates [p.1].
What is the initial franchise fee?
The initial franchise fee constitutes part of the general operating funds and will be used as such in their discretion [p.123]. The exact amount of the initial license fee, which is synonymous with the initial franchise fee, is specified on Schedule A [p.50], but the specific value is not provided in these excerpts.
What are the ongoing royalty and advertising fees?
This isn't specified in the excerpts.
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts. The provided FDD excerpts do not mention the duration of the initial franchise agreement or the conditions for its renewal.
Can I sell or transfer my franchise, and what does that require?
According to the FDD, a franchisor can refuse to permit the transfer of ownership of a franchise except for good cause [p.6]. Good cause includes but is not limited to unspecified factors. This means you cannot freely sell or transfer your franchise without the franchisor's approval under normal circumstances.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on various grounds including failure by the franchisee to comply with lawful provisions of the franchise agreement and failing to cure such failures after being given written notice and a reasonable opportunity, which cannot exceed 30 days [p.6]. Additionally, termination is permissible for good cause, though this is not explicitly detailed in the provided excerpts. For franchises governed by Minnesota Franchise Law, specific grounds include voluntary abandonment of the franchise relationship, conviction of an offense related to the business, or failure to cure a default that materially impairs the franchisor's goodwill [p.120].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You have a Protected Territory where the franchisor will not establish another franchise for the same brand, but you may face competition from other channels of distribution, outlets owned by the franchisor or its affiliates, and other competitive brands controlled by the franchisor [p.22].
What training and ongoing support does the franchisor provide?
The franchisor provides brand support which may include training, brand development meetings, and participation in loyalty programs [p.54(f)]. Additionally, they require franchisees to attend up to 5 days of ongoing training per year at their expense, with a maximum fee of $2,500 per trainer per day for such training conducted by them [p.21].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information based on actual records of existing outlets that you are considering buying. However, they do not make any representations about a franchisee's future financial performance or past financial performance of company-owned or franchised outlets, and they do not authorize their employees or representatives to make such representations either orally or in writing [p.29].
What am I restricted to selling, and where must I buy supplies?
You are restricted to promoting, selling, delivering, and installing only the Products under the designated Mark as specified in the Dealer Agreement. You may not offer products or perform services outside the scope of what is permitted under the System without prior written approval from the franchisor [p.27]. For supplies, you may have to buy or lease items from the franchisor or a limited group of suppliers designated by them, which might be more expensive than other options [p.4].