Does Auntie Annes offer financing for opening inventory?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
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| going training A – 15, 16 | applicable | applicable | | |---|---|---|---| | e. Opening 6.5 and 17.2.I. | 20.E. | 6 | 11 |
| and 19.3 | |||
|---|---|---|---|
| g. Compliance with | |||
| Standards and 8 and 12 | 20.J. 20.F. | 9 | 16 |
| policies/the Manuals |
ITEM 10. FINANCING
We do not offer financing for trade fixtures, opening inventory, or any other purpose.
We may refer you to leasing or financing companies not affiliated with us. We and our affiliates receive no fees or other financial benefits from any lender for your financing. Currently, we do not guarantee your note, lease or obligation, for any lender, or any other person or entity. We may engage an advisor to provide consulting services to franchisees to assist them with securing financing, and we may pay the advisor for this assistance to franchisees. We will not be responsible for the consultant's provision of services to you and if you choose to use the consultant, you must sign the consultant's form of agreement. You will not be required to participate in any financing program that we implement.
Source: Item 10 — FINANCING (FDD page 61)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, Auntie Annes does not offer financing for opening inventory. This means that prospective franchisees will need to secure their own funding for these expenses.
While Auntie Annes does not directly provide financing, they may refer franchisees to leasing or financing companies that are not affiliated with them. Auntie Anne's and its affiliates do not receive any fees or financial benefits from lenders for franchisee financing. Auntie Anne's also states that they do not guarantee any franchisee's note, lease, or obligation to any lender or entity.
Auntie Anne's may engage an advisor to provide consulting services to franchisees to assist them with securing financing, and they may pay the advisor for this assistance. However, Auntie Anne's will not be responsible for the consultant's provision of services, and franchisees must sign the consultant's form of agreement if they choose to use the consultant. Franchisees are not required to participate in any financing program that Auntie Anne's implements. On a limited basis, Auntie Anne's may provide selected franchisees who operate or distribute authorized products through special distribution outlets a guaranty or other direct or indirect financing.