What ownership information must Brueggers Bagels franchisees maintain and provide upon request?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
- 20.3. Ownership Information. You represent and warrant that the ownership information on Exhibit A to this Agreement is correct and complete as of the Agreement Date. 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 accurate and up-to-date ownership information. Specifically, 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 furnished to Brueggers Bagels upon request.
This requirement ensures that Brueggers Bagels has a clear understanding of the ownership structure of each franchise. This allows Brueggers Bagels to maintain control over who is involved in the operation of their branded locations.
Maintaining and providing this information is a standard practice in franchising, allowing the franchisor to monitor and approve changes in ownership, which helps protect the brand and maintain consistency across the franchise system. Prospective franchisees should be prepared to meticulously document and readily share this ownership data with Brueggers Bagels.