What financial documentation is required from a Beyond Juicery Eatery franchisee to demonstrate they meet the financial requirements for renewal?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
(including the analysis of net worth, debt-to-equity ratios and capitalization) for a new franchisee. You must deliver certified financial statements for the fiscal year preceding the date that you give us notice of your election to exercise your renewal option, prepared by a Certified Public Accountant, supported by income tax returns and such other documentation as we reasonably request. If a Principal Owner's net worth is used to satisfy all or a portion of the financial requirements for you, the Principal Owner must submit a current certified financial statement.
- D. You must have satisfied all monetary obligations owed to us and our affiliates.
- E. You must not be in default of and must have operated your Restaurant in compliance with the Operations Manuals and the terms of this Agreement.
- F. The Location must be brought up to the then-current System Standards and Specifications and reflect an acceptable System image.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to Beyond Juicery Eatery's 2025 Franchise Disclosure Document, if a Principal Owner's net worth is used to satisfy the financial requirements for a franchisee, that Principal Owner must submit a current certified financial statement to Beyond Juicery Eatery.
Beyond Juicery Eatery also requires that the franchisee has satisfied all monetary obligations owed to them and their affiliates. The franchisee must also not be in default and must have operated their restaurant in compliance with the operations manuals and the terms of the franchise agreement.
In addition to financial documentation, the franchisee must submit all standard form information and documentation reasonably requested by Beyond Juicery Eatery as a basis for the issuance and consummation of a franchise. The franchisee, each of their principal owners, and Beyond Juicery Eatery must execute a mutual release related to the agreement.
Beyond Juicery Eatery also requires that the franchisee execute and deliver to them, prior to the expiration of the term, the then-current form of franchise agreement for the renewal term. The renewal franchise agreement will be on the standard form of franchise agreement being issued to new franchisees entering the system.