What appendix in the Kitchen Solvers franchise agreement outlines the personal guarantee?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit B -- KITCHEN SOLVERS Franchise Agreement with Appendices – A (Personal Guaranty), B (Data Sheet), C (Supplies Package), D (Assignment of Telephone Numbers), E (Collateral Assignment of Lease), and F (ACH Agreement), and Franchisee Acknowledgement/Compliance Certification
Source: Item 22 — Contracts (FDD page 49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the personal guarantee is outlined in Appendix A of the Kitchen Solvers Franchise Agreement. Specifically, Item 22 of the FDD lists the contracts included in the document, and Exhibit B is the Kitchen Solvers Franchise Agreement with Appendices. Appendix A to Exhibit B is explicitly identified as the Personal Guaranty.
This means that if a Kitchen Solvers franchisee is a corporation, partnership, or other entity, all principal owners must execute a form of undertaking and guarantee. This form, found in Appendix A, makes each principal owner a Personal Guarantor of the franchisee's obligations. Any person who becomes a principal owner after the agreement date must also execute this guarantee as a condition of ownership.
Prospective Kitchen Solvers franchisees should carefully review Appendix A to understand the full scope of their personal liability. They should also consult with a legal professional to fully understand the implications of signing a personal guarantee, as it can put their personal assets at risk if the franchise fails to meet its financial obligations.