What is the Auntie Annes SRU No.?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| Auntie Anne's SRU No |
|---|
| AUNTIE ANNE'S SATELLITE RETAIL UNIT ADDENDUM |
| This Addendum (the "SRU Addendum") is signed as of, 20 |
| (the "SRU Addendum Date") between Auntie Anne's Franchisor SPV LLC, a Delaware limited |
| liability |
| company |
| ("we" |
| or |
| "us") |
| and |
| «Z1_First_Name» |
| «Z1_Last_Name», |
| a |
| «Z1_State_of_Formation» |
| «Z1_Entity_Type», |
| «Z2_First_Name» |
| «Z2_Last_Name», |
| a |
| «Z2_State_of_Formation» |
| «Z2_Entity_Type»«Z3_First_Name» |
| «Z3_Last_Name», |
| a |
| «Z3_State_of_Formation» |
| «Z3_Entity_Type»«Z4_First_Name» |
| «Z4_Last_Name», |
| a |
| «Z4_State_of_Formation» «Z4_Entity_Type»«Z5_First_Name» |
| «Z5_Last_Name» ("you"). |
| BACKGROUND: |
| A. We and you entered into a franchise agreement dated (the |
| "Franchise Agreement"), whereby we granted and you accepted a license to operate a Auntie |
| Anne's® |
| shop No. «Store_Number» located at «location_name», «store_street_address», |
| «store_city», «store_state» «store_zip». |
| B. We and you desire to amend the Franchise Agreement on the terms outlined below to |
| allow you to operate a satellite retail unit (a "SRU"). |
| NOW THEREFORE, in consideration of the premises and for other good and valuable |
| consideration, the parties agree as follows: |
| 1. Section 1.1 (Grant of Franchise) of the Franchise Agreement is deleted and replaced with |
| the following: |
| 1.1 Grant of Franchise. Subject to the terms of this Agreement, we grant to you, and you |
| accept, a non-exclusive license to operate one Business using the Marks and the System |
| (collectively, your "Franchised Business"). Unless we authorize you to operate a satellite |
| retail unit (a "SRU"), the Franchised Business will be operated only at the location specified |
| in Schedule A (the "Accepted Location") or, if we have |
| not yet accepted a site for the |
| Franchised Business as of the date of this Agreement, at a location that |
| we have |
| accepted in accordance with this Agreement within the geographic area specified in |
| Schedule A (the "Site Selection Area"). If we approve you to operate an SRU, you may |
| engage in certain, but not all, of the activities contemplated by this Agreement from a |
| location that we specify (the "SRU Location"). The SRU will also be considered part of |
| the definition of Franchised Business. |
| 2. Section 3.2.C. (Net Sales) of the Franchise Agreement is amended by adding the following: |
| For the avoidance of doubt, "Net Sales" includes all revenues generated from an SRU. |
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to the 2024 Auntie Annes FDD, the SRU No. is referenced within the Auntie Anne's Satellite Retail Unit Addendum. This addendum is an agreement between Auntie Anne's Franchisor SPV LLC and the franchisee, outlining the terms for operating a satellite retail unit (SRU). The agreement amends the original Franchise Agreement to allow the franchisee to operate an SRU.
The addendum states that the franchisee was granted a license to operate an Auntie Anne's shop No. «Store_Number» located at «location_name», «store_street_address», «store_city», «store_state» «store_zip». The SRU allows the franchisee to engage in certain activities from a location specified by Auntie Annes, which is also considered part of the Franchised Business. All revenues generated from an SRU are included in the definition of "Net Sales" under the Franchise Agreement.
Prospective franchisees should note that the specific SRU number is not provided in the document excerpt, but rather a placeholder «Store_Number» is used. This suggests that the SRU number is unique to each franchise agreement and is filled in when the agreement is finalized. Franchisees should carefully review their Franchise Agreement and SRU Addendum to confirm their specific SRU number and location details.