Menchie's Group

Franchise agreement

keep for your Store must include detailed daily sales, cost of sales, and other relevant records or information maintained in an electronic media format and methodology we approve.

Item 11

We may independently access the POS System and retrieve, analyze, download and use all software, data and files stored or used on the POS System.

Franchise agreement

Within the time period we prescribe, on a weekly, monthly and annual basis, you must submit to us the required reports in the form and content as we periodically prescribe.

Item 8

Because we supply the trademarked merchandise to our franchisees, some of our officers own an interest in one of our suppliers (the Franchisor).

Item 11

We have established a franchise advisory council composed of franchisees.

Item 8

We reserve the right to designate a required source of supply for certain products and supplies, and we or an affiliate may be a required source.

Item 8

During our last fiscal year ending December 31, 2023, we derived revenue from your purchases from us in the amount of $2,638,543, which amount represents 15% of our total revenue of $17,515,685.

Item 8

We and our affiliates reserve the right to receive rebates or other consideration from suppliers in connection with your purchase of trademarked merchandise, goods, products and services as described in this Item 8, as well as in connection with any future purchases of any goods, products or services.

Item 8

You can expect that items purchased or leased in accordance with our specifications will represent approximately 90% of total purchases you will need to begin operations of the business and 70% of the ongoing costs to operate the business.

Item 8

As a condition of approval, you and/or any supplier must reimburse us for all costs and expenses incurred by us associated 12 27363428v31 with any testing and evaluation, including travel and lodging expenses incurred where we deem it necessary to visit a supplier’s facilities.

Franchise agreement

You may propose alternative products, services, supplies, equipment and materials for the operation of your Store, as well as alternative manufacturers, suppliers or distributors.

Franchise agreement

If we request, you will assign your telephone numbers, any telephone references, and any advertising to us or any of our designees, including any other MENCHIE’S Store pursuant to the Telephone Assignment Agreement in Schedule D.

Item 1

You also must comply with all PCI Data Security Standards.

Franchise agreement

G. Evaluations. We or our authorized representative have the right to enter your Store at all reasonable times during the business day for the purpose of making periodic evaluations and to ascertain if the provisions of this Agreement are being observed by you, to inspect and evaluate your building, land and 10…

Franchise agreement

We may from time to time revise the contents of the Operations Manual and you expressly agree to comply with each new or changed requirement at your sole cost and expense.

Item 11

You may not proceed to develop a Store on the site unless we have provided you with our acceptance of the site.

Franchise agreement

You must spend at least $3,500 on a grand opening campaign which will include promotional elements, merchandise/giveaways, entertainment, decorations, yogurt and labor within the first 14 days your Store is operating (the “Grand Opening Marketing Campaign”).

Item 11

In addition to the Marketing Fee, you also must spend at least $10,000 per year on local marketing and promotion.

Franchise agreement

We require you, as permitted by applicable law, to participate in a gift card or other customer loyalty program in accordance with the provisions set forth in the Manual and/or otherwise disclosed to you.

Item 8

You must purchase certain equipment, products, merchandise and supplies only from us or our required suppliers as noted in this Item 8.

Item 8

You must purchase certain equipment, products, merchandise and supplies only from us or our required suppliers as noted in this Item 8.

Franchise agreement

The POS System also will include any credit card processing system we designate.

Franchise agreement

All of the payments of fees set forth herein together with the other amounts due to us our affiliates will be made via electronic funds transfer ("EFT") or such other manner which we may designate from time to time.

Franchise agreement

We require you, as permitted by applicable law, to participate in a gift card or other customer loyalty program in accordance with the provisions set forth in the Manual and/or otherwise disclosed to you.

Item 8

Additionally, you must purchase your uniforms, and certain merchandise, supplies, equipment and other materials, including cabinets and gift bags from us.

Item 11

must obtain and use in your Store an approved Point-Of-Sale cash register computer system (“POS System”).

Item 11

We may independently access the POS System and retrieve, analyze, download and use all software, data and files stored or used on the POS System.

Franchise agreement

If you request additional training or if we determine that it is necessary to provide you with more training, we may require you to pay to us for each additional training day at our then-current daily training fee.

Franchise agreement

You must attend, at your expense, any annual franchise conventions we may hold or sponsor and all meetings relating to new products or product preparation procedures, new operational procedures or programs, training, store management, sales or sales promotion, or similar topics.