What is the stated consideration for the Asset Purchase Agreement between a Beverly Anns Cookie franchisee and MCC?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
| , 20, by and between | , a | ("Franchisee Entity") and | its owners |
|---|---|---|---|
| ("Owners" and together with | Franchisee Entity, the | "Franchisee") and Mobile Cookie | Company, |
| LLC, a Delaware limited liability company | ("MCC"). MCC | and Franchisee may each be referred | to herein |
| as | |||
| a | |||
| "Party." | |||
| Franchisee and MCC are parties | to that certain Asset | Purchase Agreement dated | , 20 |
| ("Purchase Agreement"), pursuant to | which Franchisee has | agreed to sell the Assets to MCC | and MCC has |
| agreed to purchase the Assets from | Franchisee. Capitalized | terms used but not defined | herein have the |
| meanings | Agreement. | ||
| ascribed | |||
| to | |||
| them | |||
| in | |||
| the | |||
| Purchase |
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, Exhibit H-10 is a sample Asset Purchase Agreement. Exhibit H-3 is a sample confidentiality agreement. Exhibit H-12 is a sample additional equipment amendment to the franchise agreement. Exhibit H-15 is a skinny upfit amendment to the franchise agreement. Exhibit H-1 is a sample waiver and release of claims. Exhibit H lists contracts for use with the Beverly Ann's Cookies franchise.
The Franchise Agreement Transfer Addendum states that the agreement is made in consideration of the mutual covenants and promises of the parties. The Franchise Agreement Transfer Addendum is between Mobile Cookie Company, LLC ("Franchisor") and the Franchisee.
However, the excerpt does not specify the exact monetary or other consideration exchanged in the Asset Purchase Agreement between a Beverly Anns Cookie franchisee and MCC (Mobile Cookie Company). The document only confirms that such an agreement exists and outlines the parties involved. A prospective franchisee should review the full Asset Purchase Agreement and consult with Beverly Anns Cookie to understand the financial obligations and benefits involved.