Who is the Franchisor referred to in the Buns On Fire Guaranty?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBITS:
Exhibit A Location Addendum
Exhibit B. Guaranty (to Franchisor)
Exhibit C. Conditional Lease Assignment Provisions
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, Exhibit B is the Guaranty to the Franchisor. While the document does not explicitly state the name of the Franchisor within the exhibit list, it can be inferred that the Franchisor is SMYA Ventures LLC, as stated in Article II, section 2.1.
The exhibit list in Item 23 mentions "Exhibit B. Guaranty (to Franchisor)". This indicates that a separate guaranty agreement exists between the franchisee and the franchisor.
Article II, section 2.1, clause (i)(2) states that the franchisee may be required to conditionally assign the lease to the Franchisor, and clause (i)(3)(a) defines the Franchisor as "SMYA Ventures LLC, an Illinois limited liability company or its designee."