What information about the franchisee's bank account must be provided to Mr. Sandless before opening the Business?

Based on the 2025 Mr. Sandless Franchise Disclosure Document, franchisees are required to provide an undated assignment of their telephone number to Mr. Sandless upon execution of the franchise agreement. This assignment is formalized in a document annexed to the agreement as Attachment 5. This requirement ensures that upon termination or expiration of the franchise agreement, Mr. Sandless retains control over the telephone number associated with the business. This facilitates a seamless transition for either Mr. Sandless or a new franchisee taking over the territory.

This requirement is part of a broader set of obligations related to the franchisee's online presence and brand representation. Franchisees must also discontinue all advertising under the Mr. Sandless name upon termination and take action to cancel registrations related to the use of proprietary marks, including domain names and websites. This ensures that the franchisee's business is effectively distinguished from any appearance as a Mr. Sandless Business after the agreement ends.

While the FDD excerpt specifies the need for an undated assignment of the telephone number, it does not explicitly detail other bank account information requirements. It is common practice in franchising for franchisors to require franchisees to use specific bank accounts for royalty payments or other financial transactions. Therefore, prospective Mr. Sandless franchisees should clarify with the franchisor what specific bank account information, if any, they need to provide before opening the business.