What is designated within the Site Selection Acknowledgment for Bang Cookies?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchise Agreement – Exhibit 3 Site Selection Acknowledgment
Bang Cookies SITE SELECTION ACKNOWLEDGMENT
(THIS DOCUMENT DOES NOT CONSTITUTE THE APPROVAL OF A SHOP LOCATION, DOES NOT GRANT OR DESIGNATE AN OPERATING TERRITORY AND DOES NOT GRANT ANY TERRITORIAL RIGHTS)
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, the Site Selection Acknowledgment specifies that it does not constitute approval of a shop location, grant or designate an operating territory, or grant any territorial rights. This acknowledgment is a form attached to the Franchise Agreement as Exhibit 3.
For a prospective Bang Cookies franchisee, this means that signing the Site Selection Acknowledgment is merely an acknowledgment of understanding the site selection process and does not guarantee any exclusive rights or approval of a specific location. The franchisee bears the responsibility for site selection, subject to Bang Cookies' final approval.
This is a standard practice in franchising, where franchisors often retain control over site selection to ensure brand consistency and strategic market placement. However, franchisees should be aware that they are responsible for finding and securing a suitable location that meets Bang Cookies' criteria, without any guarantee of territorial exclusivity.