What is the Auntie Annes SRU Addendum Date?
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 |
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to the 2024 Auntie Annes Franchise Disclosure Document, the Satellite Retail Unit Addendum (SRU Addendum) is signed as of a specific date, referred to as the "SRU Addendum Date." The exact date is not specified within the document but is indicated by a placeholder "20".
This date is significant because it marks the point at which Auntie Annes and the franchisee agree to amend the existing Franchise Agreement to allow the franchisee to operate a Satellite Retail Unit (SRU). The SRU is an extension of the main Auntie Annes store, allowing the franchisee to sell products from a separate, smaller location. The addendum outlines the terms and conditions specific to the operation of the SRU, including how net sales from the SRU are calculated and included in overall revenue.
Prospective franchisees should pay close attention to the SRU Addendum Date as it signifies the formal agreement to operate an SRU. Understanding the terms within the addendum is crucial, as it modifies the original Franchise Agreement and introduces new operational and financial considerations specific to the SRU. Franchisees should ensure they fully understand their obligations and rights under the SRU Addendum before signing.