What other reports might a Bang Cookies franchisee be required to submit to the franchisor?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
tablished in accordance with Franchisor's plans and specifications. Promptly after signing a lease or closing on a purchase of the premises of Franchisee's Shop Location, Franchisor shall provide Franchisee with Franchisor's generalized prototype plans and specifications. Prior to constructing, equipping and building out Franchisee's Shop Facility and Franchisee's Shop Location, Franchisee shall:
- (1) Prepare and submit to Franchisor for approval, which approval, specific plans and specifications prepared by the design consultants designated or approved by Franchisor and hired by Franchisee, at Franchisee's sole expense, whereby such plans and specifications are prepared specifically for Franchisee's Shop Facility and Franchisee's Shop Location and shall reflect and comply with Franchisor's generalized plans and specifications and otherwise satisfy the specifications and requirements set forth in the operations manual. If Franchisor determines, in Franchisor's Reasonable Business Judgment, that any plans are not consistent with Franchisor's prototype plans and specifications, Franchisor may prohibit implementation of the plans and disapprove the plans;
- (2) Obtain all required building, utility, sign, health, sanitation, liquor (if the System Products and Service include and permit the service of alcohol), and business permits and licenses, and any other required permits and licenses;
- (3) Construct all required improvements to Franchisee's Shop Location, purchase and install all required furniture, fixtures and equipment and decorate the premises in compliance with the plans and specifications approved in writing by Franchisor and all applicable ordinances, building codes, permit requirements and lease or deed requirements and restrictions;
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, franchisees must submit several reports to the franchisor. Prior to opening, a franchisee must submit plans and specifications for their shop facility for franchisor approval. They also need to provide timely written reports regarding the construction and remodeling process. Additionally, franchisees must submit their grand opening marketing plan for review and approval before opening their Bang Cookies location.
During operation, franchisees are required to provide monthly reports documenting their marketing initiatives, expenses, placements, and other metrics and financial information as designated by Bang Cookies. Franchisees must also disclose any ideas, concepts, methods, and products conceived or developed by them related to Bang Cookies Shops and the System.
These reporting obligations ensure that Bang Cookies maintains brand consistency and has access to important operational and financial data from its franchisees. Franchisees should be prepared to allocate time and resources to fulfill these reporting requirements, as failure to do so could potentially lead to penalties or other consequences outlined in the franchise agreement.