Does Auntie Annes offer financing for trade fixtures?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
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.
We, in our sole discretion and subject to availability, may grant to qualified franchisees the right to lease and operate an SRU as an additional selling location within the mall, airport, enclosed building or other retail location where an existing Shop is located. Such lease is controlled by the terms of the SRU Lease Agreement. Participating franchisees are responsible for lease payments for a period of at least 12 months. See Items 6 and 8.
We participate in the SBA's Franchise Directory. We may modify the Franchise Agreement, if necessary, to comply with SBA requirements for you to participate in certain SBA loan programs.
We may sell, assign, or discount to a third party any note, financing-related contract or other instrument you give to us.
On a limited basis, we may provide selected franchisees who operate or distribute authorized products through special distribution outlets a guaranty or other direct or indirect financing.
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 trade fixtures. The company also does not provide financing for opening inventory or any other purpose. This means prospective franchisees must secure funding for these expenses through their own means.
Auntie Annes may refer franchisees to leasing or financing companies that are not affiliated with them. Auntie Anne's and its affiliates do not receive any financial benefits from lenders for franchisee financing. Auntie Anne's also does not guarantee a 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 Auntie Anne's 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.