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For Aunt Millies Bakeries, is the equity payment schedule subject to change, and if so, by whom?

Aunt_Millies_Bakeries Franchise · 2025 FDD

Answer from 2025 FDD Document

SCHEDULE "D"

EQUITY PAYMENT SCHEDULE

Source: Item 23 — RECEIPT (FDD pages 44–196)

What This Means (2025 FDD)

According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the equity payment schedule is detailed in Schedule D. The document does not explicitly state that Aunt Millies Bakeries can unilaterally change this schedule. However, the FDD does state that payment terms from First Capital Acceptance Corp. (FCAC) are subject to change at the determination of FCAC.

Schedule D itself is presented as a fixed schedule within the agreement. However, other fees and charges outlined in Schedule C (Form IO13) are subject to change by Aunt Millie's at any time. This suggests that while the specific equity payment schedule may be intended to be fixed, other financial aspects of the agreement are subject to change by Aunt Millies Bakeries.

Prospective franchisees should clarify with Aunt Millies Bakeries whether the equity payment schedule outlined in Schedule D can be altered under any circumstances, and if so, by whom. It would be prudent to understand if external factors, such as changes in financing terms from FCAC, could indirectly affect the equity payment schedule. Understanding the conditions under which the schedule might be modified is crucial for financial planning.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.