What information must Attachment B to the Beverly Anns Cookie Franchise Agreement contain?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.1.5 Owner Identification. You certify that Attachment B to this Franchise Agreement completely and accurately describes all of your Owners and their interests in you as of the Effective Date. You agree to sign and deliver to us a revised Attachment B to reflect any permitted changes in the information that Attachment B now contains.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, Attachment B to the Franchise Agreement must completely and accurately describe all of the franchisee's owners and their respective ownership interests in the franchise as of the effective date of the agreement.
This means that a prospective Beverly Anns Cookie franchisee needs to provide a full and truthful disclosure of all individuals or entities that have an ownership stake in the franchise business. This includes detailing the percentage or type of ownership each party holds.
Furthermore, the franchisee is obligated to update Attachment B with any permitted changes to the ownership structure throughout the term of the Franchise Agreement. This ensures that Beverly Anns Cookie always has current and accurate information about the ownership of each franchise location.