What information about the owners of the Bananas Smoothies Frozen Yogurt franchise is required in the FDD?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISE AGREEMENT SUMMARY PAGE
- I. Restaurant Location & Concept ("Restaurant Location" and "Concept"):
- II. Franchisor ("Franchisor"):
Name: Everything Yogurt Brands, LLC
State of Formation: Delaware
Address: 25 Washington Street, Morristown, NJ 07960
III. Franchisee ("Franchisee"):
Name:
Contact Information:
State of Formation (if applicable):
IV. Guarantors (individually and collectively "Guarantors"):
Name:
Contact Information:
State of Formation (if applicable):
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Bananas Smoothies Frozen Yogurt requires specific information about the franchisee and any owners if the franchisee is a business entity. The franchise agreement summary page requires the names, contact information, and state of formation (if applicable) for the franchisee and any guarantors. This information is crucial for identifying the parties involved in the franchise agreement and ensuring they can be contacted.
Furthermore, the Area Development Agreement stipulates that the developer (franchisee) represents and warrants that they have read the agreement and the Franchise Disclosure Document. They must also understand that an investment in EYB Concepts involves business risks and that the success of the venture largely depends on their business abilities and efforts. This highlights the importance of the franchisee's understanding of the business and their role in its success.
Additionally, the FDD includes a receipt that the prospective franchisee must sign, acknowledging they received the disclosure document. This receipt includes the issuance date of the FDD and confirms that the franchisee has been provided with the necessary information to make an informed decision. The receipt also includes contact information for the franchisor and the franchise seller.