What is the APR for financing the purchase price from Beverly Anns Cookie?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
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TRAINING PROGRAM
| Down Payment | Balance of purchase price after Financing amount has been determined | |
|---|---|---|
| Term | 36 months | |
| APR % | 10.99% | |
| Monthly Payment | 36 equal monthly installments; varies according to amount financed | |
| Prepayment Penalty | None | |
| Security Required | Partner or shareholder and personal guarantee and pledge of the Franchise(2) | |
| Liability Upon Default | Late penalty, including accrued interest as allowed by law; acceleration of amounts due; fees(3) | |
| Loss of Legal Right On | Includes waiver of trial by jury and right to interpose any | |
| Default | defense, set-off, or counterclaim of any nature or description(4) | #### Notes: |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEM, AND TRAINING (FDD pages 37–43)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, financing may be available for the purchase price. The APR is listed at 10.99%. The term length is 36 months, with payments made in 36 equal monthly installments, though the exact amount will vary based on the amount financed.
There is no prepayment penalty for Beverly Anns Cookie franchisees. Security required includes a partner or shareholder and personal guarantee and pledge of the franchise.
In the event of default, Beverly Anns Cookie franchisees may be subject to a late penalty, including accrued interest as allowed by law, acceleration of amounts due, and fees. Defaulting franchisees may also face a waiver of trial by jury and the right to interpose any defense, set-off, or counterclaim.