For Brueggers Bagels, what ownership information must a franchisee maintain and furnish upon request?

According to Brueggers Bagels' 2025 Franchise Disclosure Document, franchisees must maintain and furnish specific ownership information. Franchisees must keep a current list of all stockholders, general partners, limited partners, members, or other direct or indirect beneficial owners, as applicable. This list must be provided to Brueggers Bagels upon request.

This requirement ensures that Brueggers Bagels has up-to-date information regarding the ownership structure of each franchise. This allows them to monitor compliance with the franchise agreement and maintain control over the brand. The initial ownership information is documented in Exhibit A of the Franchise Agreement, which the franchisee warrants to be correct and complete as of the agreement date.

For a prospective Brueggers Bagels franchisee, this means that they need to be diligent in maintaining accurate records of their ownership structure and be prepared to provide this information to the franchisor promptly when requested. This obligation extends not only to direct owners but also to indirect beneficial owners, ensuring transparency in the ownership of the franchise. Failure to comply with this requirement could potentially lead to a breach of the franchise agreement.