Island Empanada

Franchise agreement

Franchisor may also maintain independent access to your Computer System and point-of-sales system in order to inspect your business records.

Franchise agreement

must provide Franchisor, at Franchisor’s request, with periodic sales reports signed by you and in the form Franchisor specifies and such other information concerning the Franchised Business which Franchisor may reasonably request, including (i) annual financial reports and operating statements in the form Franchisor…

Item 8

Our affiliate currently operates the Island Empanada Distribution Center, which is a System Supplier for many of the products you will sell at your Franchised Business, including empanadas, rice and beans and other side-dishes.

Item 8

We reserve the right to modify and/or substitute Approved Products or System Suppliers.

Item 8

In 2022, the Island Empanada Distribution Center received $1,334,264 from required purchases by our franchisees.

Item 8

We or our affiliates may receive rebates, commissions and other benefits from suppliers in relation to items purchased by you and other franchisees.

Item 8

The purchase of required products from approved sources will represent approximately 100% of your overall purchases in operating the franchise, and about 75% of overall purchases in establishing the franchise.

Item 8

Currently, the approval fee is $500 plus any expenses we incur in testing the supplier/supplies.

Item 8

If you wish to purchase or lease any goods, products, equipment or supplies not approved by us, or to purchase such products from a supplier not approved by us, you must first notify us.

Franchise agreement

Surrender and assign all telephone numbers, facsimile numbers, email addresses, domain names, etc. to Franchisor, in accordance with the Telephone Listing and Internet Authorization Agreement attached as Exhibit E to the Agreement;

Franchise agreement

Franchisor and its designees have the right to inspect and/or audit your business records at any time during normal business hours, to determine whether you are operating in compliance with the terms of this Agreement and the Operations Manual.

Franchise agreement

Franchisor has the right to change the standards and specifications applicable to the operation of the Franchised Business and the System generally.

Item 11

However, once a site is chosen, we must approve it prior to entering into a lease, and we will review the proposed lease to ensure our required terms are included.

Franchise agreement

You may not maintain a separate website advertising your Franchised Business, or advertise on the internet in any manner without Franchisor’s prior written consent.

Franchise agreement

You must spend a minimum of Five Thousand Dollars ($5,000.00) on advertising in connection with the opening of the Franchised Business (“Grand Opening Advertising”).

Item 6

After the first three months of operation, we require that you spend a minimum of $500 monthly on local advertising, marketing and promotional programs (“Local Advertising”), to be paid to third parties.

Item 11

You must participate in any local or regional advertising cooperative which a majority of franchisees form within a regional or local area may establish, subject to our approval.

Item 8

You are required to purchase all products, services, supplies, inventory, computer software and hardware (as described in Item 11), equipment and materials required for the operation of the Franchised Business (“Approved Products”) from manufacturers, suppliers or distributors we approve, or from other suppliers who…

Franchise agreement

You shall purchase all equipment, inventory and supplies (including, without limitation, paper products, utensils, and other products used in the operation of the Franchised Business) from us or designated or approved suppliers (the “System Suppliers”).

Item 8

You must purchase and maintain computer hardware, software, point-of sales systems, and other electronic devices (“Computer System”) that meets our specifications from a System Supplier, as set forth in the Operations Manual.

Item 6

Royalty payments are paid weekly via ACH on each Wednesday for the sales week ending the immediately preceding Sunday.

Franchise agreement

6.5 You shall use all materials, ingredients, supplies, paper goods, uniforms, furnishings, signs, equipment, methods of exterior design and construction and methods of production and preparation prescribed by, or that conforms to Franchisor’s standards and specifications.

Item 11

You must purchase and maintain computer hardware, software, point-of sales systems, and other electronic devices (“Computer System”) that meets our specifications from a System Supplier, as set forth in the Operations Manual.

Item 11

We may have independent access to information or data in your computer system.

Item 11

We also have the right to assess you reasonable charges for any supplemental or refresher training we provide (Franchise Agreement – Section 7.3).