For Buff City Soap, does Exhibit I provide any details about the ownership structure of the franchisee entities?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS ADDENDUM is made and entered into on, 20 (the "Effective Date") by and between BUFF CITY SOAP FRANCHISING, LLC, a limited liability company formed under the laws of the State of Delaware, with its principal business address at 5294 Beltline Road, Suite 100, Dallas, Texas 75254, ("we," "us,"' or, "our"), and , a [corporation, limited liability company, general partnership, or limited partnership] formed under the laws of the State of, [or a sole proprietorship] with its principal business address at ("you" or "your"). 1. BACKGROUND. We and you are parties to that certain Franchise Agreement dated , 20 (the "Franchise Agreement") that has been signed concurrently with the signing of this Addendum. This Addendum is annexed to and forms part of the Franchise Agreement. This Addendum is being signed because (a) the Buff City Soap Makery that you will operate under the Franchise Agreement will be located in Maryland; and/or (b) any of the offering or sale
Source: Item 6 — , Securities Offering Fee, in the amount column is revised to state the following: (FDD pages 216–303)
What This Means (2025 FDD)
According to the 2025 Buff City Soap FDD, Exhibit I is not included within the provided excerpts. However, several addenda to the franchise agreement indicate the possible business structures a franchisee can operate under. Specifically, the addenda state that the franchisee can be a corporation, limited liability company, general partnership, limited partnership, or sole proprietorship. These addenda are included for franchisees in Illinois, South Dakota, Maryland, and Virginia.
This indicates that Buff City Soap is willing to franchise to different types of business entities, offering flexibility to prospective franchisees. The addenda also highlight that specific state laws may impact the franchise agreement, requiring modifications or specific clauses to ensure compliance. For example, the Illinois addendum notes that certain provisions regarding jurisdiction or waivers of compliance with Illinois law are void.
For a prospective Buff City Soap franchisee, this means carefully reviewing the addendum applicable to their state of residence or the state where their store will be located. It is important to understand the specific legal requirements and how they modify the standard franchise agreement. Consulting with a legal professional is advisable to ensure full compliance and to understand the implications of choosing a particular business structure for the franchise.
Because Exhibit I is not included, a prospective franchisee should request a copy from the franchisor to understand its contents. Additionally, the franchisee should confirm which business structures are acceptable to Buff City Soap in their specific state or territory.