Does the Beauty Bungalows Franchise Agreement require a franchisee to execute the 'Guaranty and Assumption of Franchisee's Obligations'?

According to the 2025 Beauty Bungalows Franchise Disclosure Document, the franchise agreement includes an appendix titled 'Guaranty and Assumption of Franchisee's Obligations'. This indicates that Beauty Bungalows requires this document as part of the franchising process.

This attachment likely requires the franchisee, and potentially other parties such as spouses or business partners, to personally guarantee the franchisee's obligations under the Franchise Agreement. This means that these individuals would be held personally liable for the franchisee's financial and operational responsibilities to Beauty Bungalows.

Prospective Beauty Bungalows franchisees should carefully review Appendix E, 'Guaranty and Assumption of Franchisee's Obligations', with their legal and financial advisors to fully understand the implications of providing a personal guarantee. This includes understanding the extent of the guarantee, the circumstances under which it can be invoked, and the potential impact on personal assets.