For Bevaris Alliance, what is the definition of 'Franchisee's Business'?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 2022 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: Net income(loss) | ¢/ 57 665\ | 6 120 200 |
| Adjustments to reconcile net | $( 57,665 ) | $ 130,380 |
| income(loss) to net cash provided | ||
| (used) by operating activities: | 14,656 | 6,107 |
| Depreciation and amortization | ||
| Changes in operating assets and | 14,000 | 0,107 |
| liabilities: | ||
| Decrease in accounts receivable | 24,425 | ( 29,829) |
| Increase in prepaid expenses | ||
| Increase in prepart expenses Increase in accounts payable | ( 30,241) 3,612 | 27,972 |
| Increase in credit card payable | 3,068 | |
| Increase in insurance payable | 25,929 | 1 005 |
| Decrease in income taxes payable | ( 3,742) | 1,985 |
| Total adjustments | 37,707 | 6,235 |
| NET CASH PROVIDED (USED) BY | ||
| OPERATING ACTIVITIES | ( 19,958 ) | 136,615 |
| CASH FLOWS FROM INVESTING | ||
| ACTIVITIES: | . 0.254 | |
| Security deposit | ( 2,354 ) | ( 1,360) |
| NET CASH PROVIDED (USED) BY INVESTING | • | |
| ACTIVITIES | ( 2,354 ) | ( 1,360 ) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Advances from related party | - | 3 , 570 |
| Payments to related party | ( 77,869) | _ |
| Line of credit advances - net | 1,000 | |
| Marketing reserve | 102,108 | 72,220 |
| Capital distributions | _(197) | ( 2,557 ) |
| NET CASH PROVIDED (USED) BY FINANCING | ||
| ACTIVITIES (5522, 21 521616216 | 25,042 | 73,233 |
| NET INCREASE CASH AND CASH EQUIVALENTS | 2,730 | 208,488 |
| CASH AND CASH EQUIVALENTS AT | ||
| BEGINNING OF PERIOD | 256,474 | 47,986 |
| CASH AND CASH EQUIVALENTS AT | ||
| DECEMBER 31 | $ 259,204 | $ 256,474 |
Franchimp
BEVARIS ALLIANCE FRANCHISCHISCHISCHISCHISCHISCHISCHISCHISCHIS
1. ORGANIZATION:
Bevaris Alliance Franchise System, LLC ("the Company", a Delaware limited liability company) offers franchises for BevarisAlliance® (the Franchise), which will market, sell and provide home cooked meals that meet the dietary and nutritional needs of students and faculty of private and public schools including institutions of higher learning. The Company will contract with schools, institutions and other businesses to provide a food delivery system and will assign such contract to franchisees.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, the 'Franchisee's Business' for Bevaris Alliance involves marketing, selling, and providing home-cooked meals tailored to the dietary and nutritional needs of students and faculty at private and public schools, including higher learning institutions. Bevaris Alliance contracts with schools, institutions, and other businesses to establish a food delivery system, and these contracts are then assigned to individual franchisees.
This means a franchisee's primary responsibility is to fulfill the obligations outlined in the contracts assigned to them by Bevaris Alliance. This includes preparing and delivering meals, beverages, and other services as specified in the contract, as well as handling billing and revenue collection from these activities. Franchisees operate under the Bevaris Alliance brand, utilizing the franchisor's trademarks, service marks, operational and marketing policies, procedures, and training programs.
The franchisee's business is thus heavily dependent on the contracts secured by Bevaris Alliance and subsequently assigned. The success of a franchisee hinges on their ability to effectively manage the food preparation, delivery, and customer service aspects of these contracts while adhering to the standards and guidelines set by Bevaris Alliance. The franchisee also pays royalties based on a percentage of gross sales receipts, further linking their financial performance to the overall success of their assigned contracts.