What does the guarantor of a Floyds 99 franchise guarantee regarding the franchisee's obligations?

According to the 2025 Floyds 99 Franchise Disclosure Document, the specific obligations of a guarantor are detailed in Exhibit II, titled "Guaranty and Assumption of Franchisee's Obligations." This exhibit is part of the franchise agreement.

For a prospective Floyds 99 franchisee, this means that if the franchisee is an entity (like a corporation or LLC) rather than an individual, Floyds 99 typically requires a personal guarantee from the owner(s). This guarantee ensures that the individual(s) will be personally responsible for the franchisee's financial and contractual obligations to Floyds 99.

It is important for a prospective franchisee to carefully review Exhibit II with their legal counsel to fully understand the scope and implications of the guarantee. This includes understanding what specific obligations are covered, the conditions under which the guarantee can be invoked, and the potential liabilities the guarantor may face. Understanding these details is crucial before signing the franchise agreement.