factual

For Burneys Sweets More, what representations and obligations do Guarantors who are Owners accept?

Burneys_Sweets_More Franchise · 2025 FDD

Answer from 2025 FDD Document

If a Guarantor is an Owner, Guarantor hereby (1) makes all representations of, and (2) accepts and agrees to comply with all obligations of, owners, shareholders, members, and partners of the Franchisee as set forth in the Agreement.

Source: Item 22 — CONTRACTS (FDD page 50)

What This Means (2025 FDD)

According to Burneys Sweets More's 2025 Franchise Disclosure Document, a Guarantor who is also an Owner makes all the representations of, and accepts and agrees to comply with all obligations of, owners, shareholders, members, and partners of the Franchisee as set forth in the Franchise Agreement.

This means that if a person is both a Guarantor and an Owner of the Burneys Sweets More franchise, they are not only guaranteeing the financial obligations of the franchise but also agreeing to be bound by all the responsibilities and duties outlined for owners, shareholders, members, and partners in the Franchise Agreement. This could include management responsibilities, financial contributions, and adherence to operational standards.

For a prospective Burneys Sweets More franchisee, this is a significant point to consider. If you are an owner and also acting as a guarantor, you are taking on a dual role with combined liabilities. It is essential to fully understand the implications of both roles as defined in the Franchise Agreement and to seek legal counsel to clarify these obligations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.