Question 1

Does Monkee's franchise offer exclusive territory?

Accepted Answer

Monkee's offers Exclusive territory protection to its franchisees. This means no other franchisee can open in your designated area.

Question 2

What is the Monkee's franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Monkee's is 10 years. Franchisees may renew up to 1 time for 10-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Monkee's franchise?

Accepted Answer

The Monkee's franchise non-compete clause extends for 2 years within a 20-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Monkee's franchise?

Accepted Answer

Yes, Monkee's allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $7,500 applies.