Sandbox VR

Can you provide details on the 1 litigation case where Sandbox VR was plaintiff? What was the nature of the dispute and resolution?

Can you explain the circumstances of the 1 case where Sandbox VR was defendant? How was it resolved and what does it indicate about franchisor-franchisee relations?

Your median gross sales of 136,775 are significantly below category norms. What factors contribute to this performance gap, and what does this mean for franchisee profitability expectations?

Why is the transfer fee of 25,000 nearly 40% higher than the category typical range of 8,937.5-18,437.5? What costs does this cover?

Your 5.0% royalty rate is below the category typical range of 6.0-8.0%. Is there a reason for this lower rate, and are there any circumstances where it could increase?

The non-compete radius of 5 miles is significantly narrower than the typical 10.0-25.0 miles for this category. What protection does this provide against competition from former franchisees?

The termination clause lists 17 non-curable defaults and only 4 curable defaults. Can you provide the complete list of non-curable defaults and explain why curable defaults are so limited?

What is included in the 1.5% monthly (18% annual) interest charged on late royalty payments, and when does this interest accrue?

The franchise agreement requires you to purchase or lease operating assets from franchisor-designated suppliers. Can you provide examples of these suppliers and their pricing relative to market alternatives?

What is the minimum royalty requirement referenced in the financial obligations section, and what happens if monthly sales fall below the threshold needed to meet it?

Personal guarantees are required from owners with joint and several liability. Are there any circumstances where this liability can be limited or released after a certain period of successful operation?

With 36 current units and only 9 more than 3 years ago, what is the franchise system's growth trajectory and pipeline of signed development agreements?

Given zero unit exits over 3 years, can you provide franchisee satisfaction data, renewal rates, and any anecdotal feedback from existing franchisees?

Your renewal conditions count of 4 is below the typical 6.0-8.0. What renewal conditions are included, and are there additional requirements beyond these 4?

The renewal fee is 12,500. Is this fee applied for each 5-year renewal option, and are there any circumstances where renewal could be denied?

Technology fee is 167 per month. What technology systems and services does this cover, and have these fees increased in the past or are they subject to adjustment?

Can you explain the category risk factors score of 48, which falls below the typical 69.25-80.0 range? What specific risks are driving this lower score?

What is the process and timeline for franchisor approval of location candidates, and are there any exclusivity provisions protecting existing franchisees' territories?

Item 19 financial performance data is provided. How many units reported sales data, what was the reporting period, and were there significant outliers excluded from the median/average calculations?