Is there a Statement of Franchise Owners included in the Beard Papas Franchise Agreement?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| Schedule 1 | Shop Location and Designated Territory Acknowledgment |
|---|---|
| Schedule 2 | Statement of Franchise Owners |
| Exhibit 1 | Owner and Spouse Agreement and Guaranty |
| Exhibit 2 | Confidentiality Agreement |
| Exhibit 3 | Site Selection Acknowledgment |
| Exhibit 4 | Lease Agreement Rider |
| Exhibit 5 | Collateral Assignment of Lease |
| Exhibit 6 | Assignment of Telephone Numbers and Digital Media Accounts |
| Exhibit 7 | ACH Authorization Form |
| Exhibit 8 | General Release |
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, a Statement of Franchise Owners is included as Schedule 2 to the Franchise Agreement. This document is listed among other schedules and exhibits that are part of the agreement.
The inclusion of a Statement of Franchise Owners suggests that Beard Papas may require franchisees to acknowledge certain aspects of their ownership or operational responsibilities. This could involve confirming their understanding of the franchise agreement terms, their commitment to adhering to brand standards, or other key obligations.
Prospective franchisees should carefully review Schedule 2, the Statement of Franchise Owners, to fully understand its contents and implications. It is important to determine what specific statements or acknowledgments are required and how these might affect their rights and responsibilities as a Beard Papas franchisee. Understanding this statement is a crucial part of assessing the overall franchise opportunity.