Does Burneys Sweets More require the Operations Manager to have equity in the franchisee entity?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
The business must be directly supervised and managed by a person, identified to us and accepted by us, who has successfully completed our training program and passed a background check or for whom, based on his or her experience, we have waived these requirements
("Operations Manager"). The Operations Manager maybe you, if you are an individual, or a principal, if you are a legal entity. We do not require that your Operating Managers have any equity in the franchisee entity or receive any percentage of your revenues or profits. Your Operations Manager must be accepted by us and must execute a confidentiality and non-competition agreement similar to the one you will execute if you purchase a franchise from us.
All owners, officers, and owners' spouses must sign our form of non-competition, nonsolicit, and non-disclosure agreements. Owners and spouses will sign personal guarantees.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 39–40)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, Burneys Sweets More does not mandate that the Operations Manager have equity in the franchisee entity or receive a percentage of revenues or profits. The Operations Manager, who can be the franchisee (if an individual) or a principal (if a legal entity), must be identified to and accepted by Burneys Sweets More. This individual must also complete the Burneys Sweets More training program and pass a background check, unless these requirements are waived based on their experience.
However, the Operations Manager must be directly supervised and manage the Burneys Sweets More business. The Operations Manager must also execute a confidentiality and non-competition agreement similar to the one the franchisee signs.
All owners, officers, and owners' spouses are required to sign non-competition, non-solicit, and non-disclosure agreements. Additionally, owners and their spouses must provide personal guarantees.