Question 1

Does Imagine Arts Academy franchise offer exclusive territory?

Accepted Answer

Imagine Arts Academy offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the Imagine Arts Academy franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Imagine Arts Academy is 10 years. Franchisees may renew up to 2 times for 5-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Imagine Arts Academy franchise?

Accepted Answer

The Imagine Arts Academy franchise non-compete clause extends for 2 years within a 50-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Imagine Arts Academy franchise?

Accepted Answer

Yes, Imagine Arts Academy allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $10,000 applies.