Binghamton HOTS

Franchise agreement

You shall, at your expense, provide to us a complete annual financial statement (which shall be reviewed) prepared by an independent certified public accountant by April 15th of each year during the term hereof showing the results of the Restaurant’s operations during the previous calendar year.

Item 11

We may, in our discretion, form an advisory council to work with us to improve the System, the products offered by Binghamton HOTS Restaurants, advertising conducted by the Fund, and any other matters that we deem appropriate.

Franchise agreement

We reserve the right, at our option, to re-inspect from time to time the facilities and products of any such approved supplier and to revoke our approval upon the supplier’s failure to continue to meet any of our then-current criteria.

Franchise agreement

You understand and acknowledge that we may periodically receive payments from approved suppliers, such as in the form of rebates, based on such approved suppliers’ sales of products and services to our franchisees.

Item 8

approximately 80% of your total purchases in the continuing operation of the Restaurant.

Franchise agreement

You shall reimburse the reasonable expenses we incur related to our evaluation of the proposed product or supplier, but not more than One Thousand Dollars ($1,000).

Item 8

If you wish to purchase, lease or use any products that we have not previously approved, or purchase or lease from a supplier we have not previously approved, you must submit a written request for approval or you must request the supplier to do so.

Franchise agreement

You shall participate in all customer surveys and satisfaction audits, which may require that you provide discounted or complimentary products, provided that such discounted or complimentary sales shall not be included in the Gross Sales of the Restaurant.

Item 11

As we reasonably determine necessary, visits to and evaluations of the Restaurant and the products and services provided to make sure that our high standards of quality, appearance and service of the System are maintained.

Franchise agreement

We may from time to time revise the contents of the Manuals and the contents of any other manuals and materials created or approved for use in the operation of the Franchised Business.

Franchise agreement

No site may be used for the location of the Restaurant unless it is first accepted in writing by us.

Item 11

You may not maintain your own website; otherwise maintain a presence or advertise on the internet or any other mode of electronic commerce in connection with your Restaurant; establish a link to any website we establish at or from any other website or page; or at any time establish any other website, electronic…

Item 11

You must conduct a marketing campaign announcing the grand opening of your Restaurant, and you must spend between $2,500 and $5,000 for this campaign.

Item 11

You must conduct local marketing in your Designated Territory, and you must spend at least 1% of Gross Sales each month on local marketing for your Restaurant.

Item 11

The monthly charge includes the charges for our online ordering and loyalty programs in which you are required to participate.

Item 11

If a Cooperative has been established for a geographic area where your Restaurant is located when the Franchise Agreement is signed, or if any Cooperative is established during the term of the Franchise Agreement, you must become a member of the Cooperative.

Item 8

You must obtain all food and beverage items, ingredients, supplies, materials, fixtures, furnishings, equipment (including point of sale system and communication systems), and other products used or offered for sale at the Restaurant solely from suppliers who demonstrate, to our continuing reasonable satisfaction…

Item 6

The Royalty Fee and Brand Development Fee will be withdrawn from your designated bank account by electronic funds transfer (“EFT”) weekly on Wednesday based on the Restaurant’s Gross Sales for the preceding week ending Sunday.

Franchise agreement

You shall sell, issue, and redeem (without any offset against any Royalty Fees) Gift Cards in accordance with procedures and policies specified by us in the Manuals or otherwise in writing

Franchise agreement

You affirm, warrant and understand that you may staff the Franchised Business with as many employees as you desire at any time so long as our minimal staffing levels are achieved.

Item 11

You must purchase or lease and use the Toast POS point of sale system, and certain computer hardware and software that meet our specifications and that are capable of electronically interfacing with our computer system.

Item 11

The computer system is designed to enable us to have immediate access to the information monitored by the system, and there is no contractual limitation on our access or use of the information we obtain.

Franchise agreement

We reserve the right to conduct additional or refresher training programs, seminars and other related activities regarding the operation of the Restaurant.