What is included in Schedule 3 of the Bee Organized Franchise Agreement?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISE AGREEMENT Schedule 3 Statement of Franchisee's Owners
Franchisee represents that the following schedule is complete and accurately identifies Franchisee's Owners, Franchisee's Managing Owner, and their respective ownership interests in Franchisee. Defined terms shall have the meanings set forth in the Franchise Agreement between Franchisor and Franchisee.
If Franchisee is a Corporate Entity, Franchisee represents and affirms to Franchisor that the following list identifies each and every Owner of Franchisee and their respective ownership interests. Owner Name Managing Owner: Franchisor: Owner Address Name of designated Bee Organized Enterprises, LLC Name and Title (please print) Name (please print)
Source: Item 23 — RECEIPTS (FDD pages 54–218)
What This Means (2025 FDD)
According to Bee Organized's 2025 Franchise Disclosure Document, Schedule 3 of the Franchise Agreement is titled "Statement of Franchisee's Owners." This schedule requires the franchisee to provide a complete and accurate list of all owners, including the Managing Owner, and their respective ownership interests in the franchisee's business. This applies whether the franchisee is an individual or a corporate entity. If the franchisee is a corporate entity, the schedule must identify every owner and their ownership percentages.
This information is crucial for Bee Organized to understand the ownership structure of its franchisees. By requiring a detailed statement of ownership, Bee Organized ensures transparency and accountability within its franchise network. This allows Bee Organized to know who is ultimately responsible for the operation and management of each franchise location.
For a prospective Bee Organized franchisee, completing Schedule 3 accurately is essential. It ensures that all owners are properly identified and that their ownership interests are clearly documented. This can help avoid potential disputes or misunderstandings later on. The franchisee must also designate a Managing Owner, who will likely serve as the primary point of contact between the franchisee and Bee Organized.