Does the Burneys Sweets More disclosure document include an ACH/EFT Transfer Agreement?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated April 30, 2025 that included the following: Exhibit A – BURNEY'S SWEETS & MORE Franchise Agreement, with Attachment 1 (Franchise Rider), Attachment 2 (Lease Rider), Attachment 3 (Internet, Social Media, and Telephone Assignment), Attachment 4 (Guaranty), Attachment 5(a) (Noncompetition Agreement), and Attachment 5(b) (Nondisclosure and Non-Solicitation Agreement), Exhibit B-1 – Shop Directory/Listing of Current Franchisees, Exhibit B-2 – Listing of Certain Past Franchisees Exhibit C – Financial Statements, Exhibit D – State Specific Information, Exhibit E – Federal and State Regulators and Agents for Service of Process, Exhibit F –Sample General Release Agreement, Exhibit G – ACH/EFT Transfer Agreement, Exhibit H – First Addendum to Renewal Franchise Agreement, Exhibit I – Agreement and Conditional Consent to Transfer, Exhibit J – Small Business Administration Addendum, Exhibit K – Form of Franchise Compliance Certification, Exhibit L – Receipt
Source: Item 23 — RECEIPT (FDD pages 50–199)
What This Means (2025 FDD)
Yes, the 2025 Burneys Sweets More Franchise Disclosure Document includes an ACH/EFT Transfer Agreement. According to Item 23, Exhibit G is the ACH/EFT Transfer Agreement. This agreement allows DMG BURNEY, INC. to initiate debit entries to the franchisee's checking or savings account based on the franchisor's instructions.
This agreement authorizes Burneys Sweets More to make electronic withdrawals from the franchisee's bank account for fees, royalties, or other payments owed to the company. The franchisee, as the payor, consents to these debits or credit corrections initiated by DMG BURNEY, INC., the payee.
As a prospective franchisee, it is important to carefully review the terms of the ACH/EFT Transfer Agreement to understand the circumstances under which Burneys Sweets More can debit your account, the required notice period, and your rights to dispute any unauthorized transactions. Understanding this agreement is crucial for managing your finances and maintaining a healthy business relationship with the franchisor.