What information must be provided for each guarantor of a Big Apple Bagels franchise?

According to the 2025 Big Apple Bagels Franchise Disclosure Document, if you are married and seeking to open a franchise in California, you and your spouse must sign a personal guarantee. This guarantee makes you and your spouse individually liable for your financial obligations under the agreement.

The FDD states that this guarantee places both your marital and personal assets at risk should your Big Apple Bagels franchise fail. This is a significant risk factor to consider, as it means your personal assets, as well as any assets you hold jointly with your spouse, could be used to cover the debts of the franchise.

While the FDD specifies the requirement for a personal guarantee from both the franchisee and their spouse in California, it does not detail the specific information that must be provided for each guarantor. It is common practice for franchisors to require financial statements and other documentation to assess the guarantor's ability to meet the financial obligations of the franchise.

Therefore, a prospective Big Apple Bagels franchisee should directly ask the franchisor for a comprehensive list of required information for all guarantors, including financial statements, asset disclosures, and any other documentation needed to satisfy the personal guarantee requirements. Understanding these requirements is crucial for assessing the full extent of personal financial risk involved in the franchise.