What kind of information may Brueggers Bagels periodically specify that the franchisee must collect and maintain?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
You must maintain a current list of all stockholders, general partners, limited partners, members, or other direct or indirect beneficial owners (as applicable) and furnish the list to us upon request.
Source: Item 22 — CONTRACTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, franchisees must maintain a current list of all stockholders, general partners, limited partners, members, or other direct or indirect beneficial owners, as applicable. This list must be furnished to Brueggers Bagels upon request.
This requirement ensures that Brueggers Bagels has up-to-date information about the ownership structure of each franchise. This allows them to monitor compliance with the franchise agreement and other relevant legal and contractual obligations.
For a prospective franchisee, this means maintaining accurate records of ownership and being prepared to provide this information to Brueggers Bagels when requested. Failure to comply with this requirement could potentially lead to issues with the franchise agreement.