What is the exhibit letter for the Guaranty (to Franchisor) related to a Buns On Fire franchise?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
EXHIBITS:
Exhibit A Location Addendum
Exhibit B. Guaranty (to Franchisor)
Exhibit C. Conditional Lease Assignment Provisions
Exhibit D. Site Location Addendum
Exhibit E. Internet, Website, and Telephone Listing Agreement
Exhibit F. State Specific Addendum
Exhibit G. Franchisee Disclosure Acknowledgement Statement
Exhibit H. Questionnaire
Exhibit I. Training Completion Agreement and Release
Exhibit J. [Reserved].
Exhibit K. Guaranty (Exclusive Supplier)
Exhibit L. Electronic Transfer Authorization
Exhibit M. Power of Attorney
Exhibit N. ADA Certificate
Source: Item 22 — CONTRACTS (FDD pages 48–49)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, the Guaranty (to Franchisor) is listed as Exhibit B. This exhibit is one of several included in Item 23, which lists all the exhibits included in the FDD.
As a prospective franchisee, it's crucial to carefully review Exhibit B to understand the obligations and liabilities associated with the guaranty. This document likely outlines the terms under which you, as the guarantor, are responsible for the financial obligations of the franchise to Buns On Fire. Understanding the scope and limitations of the guaranty is essential to assess your potential financial exposure.
Franchisors often require a personal guarantee to ensure that there is recourse beyond the business entity itself. This is a common practice in the franchising industry, especially for new franchisees or those with limited business credit history. Therefore, it is important to consult with a legal and financial advisor to fully understand the implications of signing a personal guarantee before investing in a Buns On Fire franchise.