What does the collateral consist of for a Beyond Juicery Eatery franchise, including assets acquired after the agreement?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
24.09 You grant us a continuing security interest in the Collateral listed in this section to secure the payment of all fees and other amounts due to us and to secure your full performance under this Agreement.
A.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to Beyond Juicery Eatery's 2025 Franchise Disclosure Document, the franchisee grants the franchisor a continuing security interest in the collateral listed in the agreement. This collateral serves to secure the payment of all fees and other amounts due to Beyond Juicery Eatery, as well as to ensure the franchisee's full performance under the Franchise Agreement.
This means that Beyond Juicery Eatery has a legal claim on specific assets of the franchisee's business. If the franchisee fails to pay the required fees or does not fulfill their obligations under the agreement, Beyond Juicery Eatery can seize these assets to recover the owed amounts or to compensate for the franchisee's non-compliance. The specific items included in the collateral are not described in the provided documentation.
Prospective franchisees should carefully review the Franchise Agreement and any related exhibits to fully understand which assets are included in the collateral. It is important to seek legal counsel to clarify the implications of granting a security interest and to assess the potential risks involved. Understanding the scope of the collateral is crucial for making an informed decision about investing in a Beyond Juicery Eatery franchise.