Freecoat

Item 8

You must maintain an accounting service provided by the Franchisor which includes full-service accounting functionality for daily operations and transactional tasks, detailed reporting, weekly bank reconciliations, periodic reporting, budgeting and general ledger entries.

Item 11

We (or our designee) have the right to independently access the electronic information and data relating to your Franchise, including your accounting and bookkeeping files, and to collect and use your electronic information and data in any manner, including to promote the System and the sale of franchises.

Franchise agreement

You must report to us your Profit and Loss Statement for each month, including Gross Sales, by the fifteenth (15th ) day of the following month.

Item 8

We and our affiliates, are currently approved suppliers, and some of our franchisor officers own an interest in a supplier.

Franchise agreement

8.3.3 You acknowledge and agree that we may periodically, in our sole discretion, revise the Manual to incorporate System changes.

Item 8

Because we are a new franchise, we have not received any rebates/ referral fees from required purchases or leases from franchisee purchases.

Item 8

We and our affiliates have the right to receive rebates or other payments from distributors, suppliers and other service providers, based (directly or indirectly) on sales to franchisees and company-owned stores, which will be deposited back into the Fund.

Item 8

We estimate your required purchases will represent 90% of your total opening expenses (excluding the cost of real estate improvements) and total annual operating expenses.

Item 8

If you desire to have a non-approved supplier of a product or service designated as an approved supplier, you must pay a $1,000 vendor approval application fee (“Vendor Approval Fee”).

Item 8

If you desire to have a non-approved supplier of a product or service designated as an approved supplier, you must pay a $1,000 vendor approval application fee (“Vendor Approval Fee”).

Franchise agreement

You acknowledge that all telephone numbers, facsimile numbers, social media websites, Internet addresses and e-mail addresses (collectively “Identifiers”) used in the operation of your Franchised Business constitute our assets, and upon termination or expiration of this Franchise Agreement, you will take such action…

Franchise agreement

We may specify in the Manual or otherwise the tangible media upon which you shall record data, the database file structure of the Computer System and the requirements to ensure your compliance with legal and payment card industry security standards.

Item 11

We will conduct periodic field evaluations and quality assurance inspections of the business to test and promote compliance with the System Standards

Item 16

We retain the right to modify the Operations Manual and to modify, discontinue or add to the goods and services that you must sell in your Franchised Business, which may include new or modified products, services, and the installation and use of new or modified equipment.

Item 11

The Franchised Business must be located at the Approved Location.

Item 11

Unless we otherwise approve in writing, you shall not establish a separate Website (the term "Website" is defined to mean a group of related documents that can be accessed through a common internet address), but shall only have one or more references or webpage(s), as we designate and approve in advance, within our…

Franchise agreement

You must spend at least ten thousand dollars ($10,000.00) on Grand Opening Advertising.

Item 11

We require that you spend a minimum of 3% of Gross Sales, but no less than $500, per month on local advertising, which includes Google, Facebook and Instagram advertisements.

Item 11

If the Franchised Business operates within a designated marketing area for which an approved advertising cooperative exists, you will contribute to the advertising cooperative the amounts required by the cooperative up to two percent (2%) of the Gross Sales of the Franchised Business during each Reporting Period.

Item 8

As of the Issuance Date, you must purchase all inventory from vendors we approve, which may include us or our affiliates.

Item 8

As of the Issuance Date, you must purchase all inventory from vendors we approve, which may include us or our affiliates.

Franchise agreement

Unless we specify otherwise, you must make all payments to us under Sections 5.2, 5.3, 5.7, and 5.8 weekly and drafted via ACH every Monday.

Item 11

We require that you always have a Certified Manager in store and/or be in the process of having a manager trained and certified.

Item 8

You must purchase and install hardware and software to run a computer based, point-of-sale (“POS”), store management system, including the appropriate POS equipment and/or printers (the “Computer System”).

Item 11

We will have independent access to the information on your Computer System, and there is no contractual limitation on our right to receive or use information through our proprietary data management and intranet system.

Item 11

We may, from time to time, require that you (including, if applicable, your designated manager, staff, and employees) attend additional training programs that we designate at the times and places that we designate (“Additional Training”).

Franchise agreement

You will pay a convention fee for each individual required to attend Convention, regardless of whether the individual attends or not.