Carousel's

Franchise agreement

At all times, Franchisee shall exclusively use the Business Management Systems designated by Franchisor, in Franchisor’s Reasonable Business Judgment, and as may be modified, supplemented or replaced by Franchisor from time to time.

Franchise agreement

At all times, Franchisee shall provide and permit Franchisor to maintain direct and independent access to the Business Management System and Franchisee shall electronically transfer and transmit to Franchisor all Business Management System Data;

Franchise agreement

(2) Monthly Financial Statements and Reports – within 30 days of the end of each calendar month Franchisee shall submit to Franchisor monthly financial statements and other reports related to the operations of the Franchised Business including, but not limited to, income statement, statement of cash flows, balance…

Item 8

We are currently designated as an approved supplier of soft serve ice.

Franchise agreement

Franchisor, in Franchisor’s Reasonable Business Judgment, may from time to time modify the list of approved brands, suppliers and distributors of System Supplies and approved equipment, supplies and services to be utilized by the Franchised Business

Item 8

During our fiscal year ended December 31, 2022, we or our affiliates derived $92,487, or 18% of our total revenue of $510,775 from the sale of products and services directly to franchisees.

Item 8

We and/or our affiliates may receive rebates, payments and other material benefits from suppliers based on franchisee purchases and we reserve the right to institute and expand rebate programs in the future.

Item 8

We estimate that your purchase of goods and services from suppliers according to our specifications, including your purchase of goods or services from our designated exclusive suppliers, to represent approximately 90% of your total purchases and leases in establishing the Franchised Business and approximately 25% of…

Item 8

We may charge you a fee equal to the costs and expenses that we incur in reviewing and evaluating an alternate supplier, product, and/or service requested by you.

Item 8

If you want to purchase or lease a source restricted item from a supplier that has not been previously approved or designated by us in writing, you must send us a written request for approval and submit additional information, samples, and testing data that we may request.

Franchise agreement

In the event of the termination of this Agreement, for any reason, that the accounts related to all telephone numbers associated with the Franchised Business and all rights in and to the telephone numbers associated with the Franchised Business, shall, at Franchisor’s election, be transferred to Franchisor.

Franchise agreement

Franchisor has the right at any and all times during business hours, throughout the terms of this Agree and without prior notice to Franchisee, to inspect Franchisee’s Food Truck.

Item 11

At all times, we reserve the right to supplement, modify and update the Manuals.

Item 11

Although you are responsible for researching and selecting a geographical location for the operation of your Franchised Business you must obtain our approval of your Designated Territory.

Item 11

You may not use any websites, web-based media or digital media unless expressly approved by us in writing.

Item 7

You must spend a minimum of $2,500 prior to the opening your Food Truck to promote your grand opening.

Item 11

On an on-going and monthly basis, you must spend not less than the amount we designate of up to 5% of your monthly Gross Sales on the local marketing of your Food Truck.

Item 8

You must use our designated supplier and vendor for the ability to access and use online, point of sale integrated, web based, and/or app based, ordering, customer rewards, and/or gift card systems.

Franchise agreement

If Franchisee’s Franchised Business or Designated Territory is located within the geographic area of an Advertising Cooperative, franchisee must participate in and contribute to the Advertising Cooperative.

Item 8

You must purchase the System Supplies, as designated by us, from us, our affiliates, and/or our designated suppliers.

Item 8

Your Food Truck, branded vehicle wrap, signage, displays, equipment, must meet our standards and specifications and be purchased from suppliers that we designate and approve.

Item 8

You must use our designated supplier and vendor for credit card processing which may be integrated with the point of sale system that we designate.

Item 6

ITEM 6 OTHER FEES Type of Fee Amount Due Date Remarks (Note 1) Royalty 7% of Gross Sales, but Weekly on Will be debited automatically from (Notes 2 and 3) subject to the Thursday of each your bank account by ACH or other following Minimum week means designated by us.

Item 8

You must use our designated supplier and vendor for the ability to access and use online, point of sale integrated, web based, and/or app based, ordering, customer rewards, and/or gift card systems.

Item 15

At all times, your Food Truck must be managed and supervised on-site by either a Managing Owner or Operating Manager.

Item 11

For the protection of the System, you must ensure that all employees wear and maintain the proper uniforms with our approved System branded apparel and uniforms including, but not limited to, the apparel and uniforms comprising System Supplies.

Item 8

Currently you are required to purchase, license and utilize a NCR Silver point of sale system with one configured hardware terminal.

Item 11

You are required to provide us with independent access to all of the information and data that is 23 Carousel’s FDD April 19, 2023, amended November 16, 2023 transacted, collected, and stored by the Franchised Business on the Business Management Systems, your computer systems, and otherwise.

Franchise agreement

Franchisee must complete training, purchase and license the Business Management Systems no later than 45 days prior to the earlier of the Actual Business Commencement Date or the Scheduled Business Commencement Date.

Franchise agreement

Franchisee or, if Franchisee is a Corporate Entity, Franchisee’s Managing Owner and Manager, at Franchisee’s sole cost and expense, must attend and successfully complete all refresher training courses or system-wide training courses, additional training programs and seminars as Franchisor periodically may designate…

Franchise agreement

Franchisee agrees that if Franchisee fails to attend the Annual System Conference that Franchisor shall, nevertheless, charge and Franchisee shall pay the Annual Conference Attendance Fee – even if Franchisor waives such fee for franchisees who attend the Annual System Conference.