factual

What is the purpose of the Additional Equipment Amendment for a Beverly Anns Cookie franchise?

Beverly_Anns_Cookie Franchise · 2025 FDD

Answer from 2025 FDD Document

anchise Owner Agreement, or based on any oral communications which may be ruled to be binding in a court of law, shall be our sole responsibility and none of our owners, officers, agents, representatives, nor any individuals associated with us shall be personally liable to Owners for any reason.

  • 8.9 Franchise Owner Agreement Controls. In the event of any discrepancy between this Franchise Owner Agreement and the Franchise Agreement, this Franchise Owner Agreement shall control.

(Signature Page Follows)

IN WITNESS WHEREOF, the parties have entered into this Franchise Owner Agreement as of the Effective Date of the Franchise Agreement.

| Date of Note: | Loan & Security Agreement # | |---|---| | All Borrower(s): 1) ____________________________________ 2) ____________________________________ | Address(es): 1) ____________________________________ ____________________________________ 2) ____________________________________ ____________________________________ | | Borrower with Entity Tax ID# | Entity Fed Tax ID#: | | 1) ____________________________________ | 1) ____________________________________ | | Phone Number: Cell Number: | | | Billing Address: | E-Mail Address: | | __________________________________ | | | __________________________________ | | Rev.030824

ATTACHMENT D

TO THE FRANCHISE AGREEMENT

ADDITIONAL EQUIPMENT AMENDMENT

This Amendment is made and entered into as of the effective date listed in the signature block ("Effective Date") by and between Mobile Cookie Company, LLC, a Delaware limited liability company ("Franchisor") and the Franchisee identified on the signature block below ("Franchisee"), with reference to the following facts:

  • A. The parties have entered into a Beverly Ann's Cookie Truck franchise agreement pursuant to which Franchisee will operate a Beverly Ann's Cookie Truck franchise (the "Franchise Agreement").
  • B. Subject to the conditions of the Franchise Agreement, Franchisee has the option to purchase additional Beverly Ann's Cookie Truck equipment ("Additional Equipment") for use in the Franchisee's Territory.
  • C. The parties hereto desire to amend the Franchise Agreement as set forth herein. Unless defined herein all capitalized terms used herein shall have the meaning in the Franchise Agreement.

NOW, THEREFORE, for and in consideration of the covenants, warranties and mutual agreements contained herein, the parties hereto agree as follows:

  1. ADDITIONAL EQUIPMENT. Franchisee desires to purchase the following Additional Equipment for use in the Protected Territory and shall pay the AE Royalty listed for such equipment under the Franchise Agreement and this Amendment for so long as Franchisee owns the Additional Equipment.

| Year | Manufacturer, Model and Description | VIN/Serial Number | |---|---|---| | | | | Franchisee must present evidence to Franchisor, as required by Franchisor in its sole discretion that Franchisee no longer owns the Additional Equipment prior to Franchisee being excused from paying any further AE Royalties. Franchisee shall not be entitled to receive a refund on any AE Royalty paid. Franchisee acknowledges and agrees that the AE Royalty may increase upon renewal of the Franchise Agreement and agrees to pay Franchisor the then-current Royalty amount upon any such renewal.

    1. AMENDMENT BINDING. This Amendment will be binding upon and inure to the benefit of each party and to each party's respective successors and assigns.
    1. NO FURTHER CHANGES. Except as specifically provided in this Amendment, all of the terms, conditions and provisions of the Franchisee Agreement will remain in full force and effect as originally written and signed. In the event of any inconsistency between the Franchise Agreement and this Amendment, this Amendment shall control.

Source: Item 23 — RECEIPTS (FDD pages 57–235)

What This Means (2025 FDD)

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the Additional Equipment Amendment to the Franchise Agreement outlines the terms and conditions when a franchisee chooses to purchase additional equipment for their Beverly Ann's Cookie Truck franchise. As stated in the FDD, purchasing additional equipment is optional. If a franchisee decides to purchase additional equipment, they will be required to pay an additional royalty and other fees, including a brand fund contribution.

The specific royalty and brand fund contribution will depend on the type of additional equipment operated and will be the then-current rate that Beverly Anns Cookie charges, as detailed in the amendment to the Franchise Agreement. The current form of this amendment is attached as Attachment D to the Franchise Agreement. For example, if a franchisee operates a Grandma's Recipe Motor Vehicle (GRM) as their primary vehicle, they may purchase a Grandma's Recipe Trailer (GRT) as additional equipment, or vice versa, with the appropriate amendment in place.

The amendment also addresses the transfer of additional equipment, stating that a franchisee may not transfer any additional equipment without prior written consent from Beverly Anns Cookie. Beverly Anns Cookie has the right to approve or reject the transfer request at their discretion. If the transfer is approved, Beverly Anns Cookie may impose conditions such as the franchisee being in good standing, paying off any related loans or debts, modifying the equipment to protect the system, requiring the purchaser to be an existing franchisee, and any other reasonable conditions. Additionally, the franchisee must pay a transfer fee of $1,000 per piece of additional equipment transferred and enter into an amendment to the Franchise Agreement governing the terms of the additional equipment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.