Where can additional information about co-branded Afuri Ramen Dumpling locations be found?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Some Afuri franchises may be placed at a location where another, separate business is operated under another business name. If the Franchise Premises is at that type of location, it will be deemed "co-branded" for the purposes of this Agreement. If the Franchise Premises is located in a co-branded location, the exact basis and calculation of Revenue will follow the requirements and procedures we outline in the Operations Manual. If the Franchise Premises is in a co-branded location, you will obtain and keep, or make arrangements for us to have access to, a complete and accurate set of books and records of the operation of all businesses operated at and all business done through the cobranded location, although Revenue will be limited to Afuri related receipts. If the Franchise Premises is located in a co-branded location, we may enter upon the Franchise Premises at reasonable times to interview co-branded partners and to inspect and copy any books, records and documents related to the co-branded location in order to verify your compliance with the terms of the Franchise Agreement. The Operations Manual may contain additional information about co-branded locations.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling FDD, additional information about co-branded locations can be found in the Operations Manual. Specifically, Section 1.1.4, which addresses co-branding, states that the Operations Manual may contain further details regarding co-branded locations.
For a prospective Afuri Ramen Dumpling franchisee, this means that if they are considering a co-branded location, they should carefully review the Operations Manual for specific requirements and procedures related to revenue calculation, record-keeping, and compliance. The franchisee will need to maintain accurate books and records for all businesses operating at the co-branded location, even though revenue calculation is limited to Afuri-related receipts.
Furthermore, Afuri Ramen Dumpling retains the right to access and inspect these records to ensure compliance with the franchise agreement. Therefore, understanding the guidelines outlined in the Operations Manual is crucial for franchisees considering a co-branded location to ensure they meet all obligations and maintain a transparent relationship with the franchisor.