What does Antioch Pizza Shop's formal franchise agreement outline?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
For each franchised location, the Company enters into a formal franchise agreement that clearly outlines the various components of the transaction price and the Company's performance obligations.
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the formal franchise agreement outlines the various components of the transaction price and the company's performance obligations. For each franchised location, Antioch Pizza Shop enters into this agreement.
Specifically, the agreement addresses the initial franchise fees, royalties, and marketing fees, all of which are based on a percentage of gross revenues. The franchise agreement grants franchisees the right to operate a location using the Antioch Pizza Shop system for a period of ten years.
For a prospective franchisee, this means the agreement will detail exactly what they are paying for, how much they will pay in royalties and marketing fees, and the duration of their franchise. Understanding these components is crucial for assessing the financial viability and long-term commitment required to operate an Antioch Pizza Shop franchise.