I'Milky

Franchise agreement

I’Milky has the right to independently access any and all information on your POS System, at any time, without first notifying you.

Franchise agreement

You shall submit to I’Milky, on or before the fifteenth (15th) day following the end of each month, financial reports on the income and expenses of the I’Milky Shop in the format specified in the Manual.

Item 8

(i) teas including Jasmine Green Tea, Earl Grey Black Tea, Qing Tea, I’Milky Black Tea, Oolong, (from us or our Affiliates), (ii) cans and bags (from us or our Affiliates), (iii) ancillary food products (from us or 12 I’Milky FDD – March 20, 2024 our Affiliates), (iv) packaging (from us or our Affiliates);

Item 11

we have the right to change at any time

Item 8

As of the date of issuance of this FDD, ending on December 31, 2023, we received $329,280 in revenue from all required purchases and leases of products and services by franchisees, including purchases of items to be resold in the Shop, and rebates we receive from third-parties.

Item 8

We and/or our affiliate(s) may receive payments or other compensation from Approved Suppliers or any other suppliers on account of these suppliers’ dealings with us, you, or other Franchised Businesses in the System, such as rebates, commissions or other forms of compensation.

Item 8

We estimate that your Required Purchases, purchases and leases from Approved Suppliers and purchases that must meet our specifications in total will be about 40% of your total purchases to establish the Shop and about 80% of your purchases to continue the operation of the Shop.

Item 8

You must pay our then- current supplier or non-approved product evaluation fee when submitting your request, as well as cover our costs incurred in evaluating your request.

Item 8

We may, but are not obligated to, grant your request to: (i) offer any products or services in connection with your Franchised Business that are not Approved Products and Services; or (ii) purchase any item or service we require you to purchase from an Approved Supplier from an alternative supplier.

Item 11

You acknowledge and agree that we will own all rights and interest in each telephone number (regardless of whether such telephone number pre-existed any Franchise Agreement) and telephone directory listing, email address, domain name, social media platform, and comparable electronic identify that is associated in any…

Franchise agreement

You shall at all times be compliant with all Payment Card Industry Data Security Standards, any and all requirements imposed by all applicable payment processors and payment networks, including credit card and debit card processors, and any and all state and federal laws, rules and regulations relating to data…

Franchise agreement

You must present customers with such evaluation cards or forms as the Franchisor may periodically prescribe, for return by the customers to I’Milky

Franchise agreement

I’Milky and/or its designated agents or representatives may conduct periodic quality control and records inspections of the I’Milky Shop at any time during the Term.

Franchise agreement

I’Milky will revise the Manual periodically, at its discretion to conform to the changing needs of the Franchise Network and will distribute updated pages containing these revisions to You from time-to-time.

Item 14

We must approve your site before you open your I’Milky Business franchise.

Franchise agreement

Unless otherwise approved in writing by I’Milky, You shall not establish a separate Website.

Franchise agreement

You shall spend at least one thousand dollars ($1,000) on a grand opening advertising program conducted in accordance with the guidelines for such a program in the Manual, in addition to Your regular monthly Local Advertising pursuant to Section 7.6.2 of this Agreement.

Item 8

Currently, we have Approved Suppliers for the following items that you must purchase in connection with the establishment and/or operation of your Franchised Business:

Item 8

Currently, we have Approved Suppliers for the following items that you must purchase in connection with the establishment and/or operation of your Franchised Business:

Franchise agreement

Payment of royalties and fees shall be made by electronic funds transfer or direct deposit.

Item 8

(v) uniforms (from us or our Affiliates), (vi) point-of-sale system (the “POS System”) and then-current software we require you to use in connection with that POS System and your Shop;

Item 11

You must purchase and use the complete computer software services and electronic cash register/point-of-sale system (i.e., the “POS System”) we require, which we have the right to change at any time.

Franchise agreement

I’Milky has the right to independently access any and all information on your POS System, at any time, without first notifying you.

Item 6

Initial training for no charge for You or your Operating Principal, Operating Principal Owner and one other (as defined in Item 15), if person is free; $500 Additional you are a legal entity, and per person for all Persons/Additional As incurred up to one (1) additional other persons plus Training Fee Shop staff; if…

Item 14

If and when we do, you (or your Operating Principal) must attend a regional or national conference, which shall not occur more than one time per year.