According to Mrcool's 2025 Franchise Disclosure Document, Schedule 2, titled "Statement of Franchise Owners," serves to identify and document the owners, managing owner, and their respective ownership interests within the Mrcool franchise. This schedule is a part of the Franchise Agreement between Mrcool Franchising, LLC and the franchisee.

This information is crucial for Mrcool to understand the structure and control of each franchise location. By requiring a complete and accurate schedule, Mrcool ensures transparency and accountability among the ownership. This allows Mrcool to know who is ultimately responsible for the franchise's operations and compliance with the franchise agreement.

For a prospective Mrcool franchisee, this means they must provide a detailed account of all owners and their ownership percentages. If the franchisee is a partnership or corporation, a "Managing Owner" must be identified who is responsible for the day-to-day operations and owns at least 25% of the equity. This requirement ensures that someone is actively managing the Mrcool franchise and has a vested interest in its success.