In the context of the Aplus Development Agreement, what is the full legal name of the Franchisor?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
THIS DEVELOPMENT AGREEMENT ("Agreement") is made and entered into as of the effective date ("Effective Date") reflected in the Summary Page, by and between Sunoco Retail LLC, a Pennsylvania limited liability company, with its principal office in Dallas, Texas ("Franchisor"), and the Developer identified in the Summary Pages ("you").
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the Development Agreement identifies the franchisor as Sunoco Retail LLC, a Pennsylvania limited liability company with its principal office in Dallas, Texas. This entity grants developers the right to develop branded stores or fueling stations under the APLUS and SUNOCO trademarks.
This information is crucial for prospective Aplus developers as it clearly establishes the legal entity they will be contracting with. Knowing the franchisor's legal name, business structure (limited liability company), and principal office location is essential for legal and business due diligence. Developers need to verify the legitimacy and standing of Sunoco Retail LLC before entering into any agreements.
Furthermore, the agreement specifies that Sunoco Retail LLC has developed and is further developing a system for full-line retail grocery convenience stores, fast foods, and gasoline fueling stations identified by the APLUS and SUNOCO trademarks. This clarifies the scope of the franchise system and the support that Aplus provides to its developers. The agreement also reserves certain rights to Sunoco Retail LLC, including the right to grant others the right to operate stores within the development area and to use the marks in captive markets or through alternative channels of distribution.