What information must the updated business plan for a Cream franchise cover?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
Within 60 days after the Effective Date, you must prepare and give us a business plan including a projected schedule for Jeni's Ice Creams Scoop Shop development and detailed cost and revenue projections for your activities under this Agreement. At least 90 days before the start of each calendar year during the Term, you must update the business plan to cover both actual results for the previous year and projections for the then-current year. You acknowledge and agree that, while we may review and provide comments on the business plan and any updates you submit to us, regardless of whether we approve, disapprove, require revisions, or provide other comments with respect to the business plan or any updated business plan, we take no responsibility for and make no guarantees or representations, expressed or implied, with respect to your ability to meet the business plan or to achieve the results set forth therein. You bear the entire responsibility for achievement of the business plan you develop.
Source: Item 23 — RECEIPTS (FDD pages 61–192)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, within 60 days after the effective date of the franchise agreement, a franchisee must prepare and provide Cream with a business plan. This plan should include a projected schedule for developing Jeni's Ice Creams Scoop Shops and detailed cost and revenue projections for the franchisee's activities under the agreement.
At least 90 days before the start of each calendar year during the term of the agreement, the franchisee is required to update the business plan. This update must cover both the actual results from the previous year and projections for the current year. This means Cream franchisees need to track their performance meticulously and forecast future performance accurately.
Cream may review and provide comments on the business plan and any updates, but Cream makes no guarantees regarding the franchisee's ability to meet the business plan or achieve the projected results. The franchisee bears the entire responsibility for achieving the goals outlined in the business plan. This highlights the importance of creating a realistic and achievable business plan, as the franchisee will be held accountable for its execution.