Morelia

Franchise agreement

You shall maintain during the term of this Agreement and shall preserve for not less than seven years from the date of preparation full, complete and accurate books, records and accounts in accordance with the System and in the form and manner prescribed by us in the Operations Manual or otherwise in writing from…

Item 11

We will have independent access to information that will be generated and stored on your POS System, and which must be kept up to date, and on our own computers concerning your Franchised Business, including, customer, sales, inventory and scheduling information.

Franchise agreement

Within ten days of the end of each month, a profit and loss statement for the Franchised Business for the immediately preceding month;

Item 8

Currently, Lefab Manufacture is the only approved supplier of certain dessert and frozen novelty products, including paletas, as well as disposables, such as trays, delivery bags, and delivery sleeves, that you are required to purchase and use in of the operation of your Franchised Business.

Franchise agreement

We reserve and shall have the sole right to make changes in the Operations Manual, including all parts thereof, the System and the Marks at any time and without prior notice to you.

Item 8

During our last fiscal year ended December 31, 2024, we did not derive revenue or other material consideration as a result of franchisees’ required purchases or leases.

Item 8

We reserve the right to negotiate and collect rebates, commissions, promotional allowances, volume discounts and other payments and/or benefits from all current and future suppliers of goods and services to our franchisees.

Item 8

We estimate that your required purchases and leases from us or our designated or approved sources, or those meeting our standards and specifications, will be approximately 80% of your total cost to establish the Morelia franchise and approximately 50% of your total cost of operating the Morelia franchise.

Item 8

We reserve the right to charge a fee to evaluate the proposed product, service or supplier.

Item 8

If you want to use or sell a product or service that we have not yet evaluated, or if you want to purchase or lease a product or service from a supplier or provider that we have not yet approved (for products and services that require supplier approval), you must notify us and submit to us the information…

Franchise agreement

You acknowledge that, as between us and you, we have the sole right to and interest in all telephone numbers and directory listings associated with any Marks.

Franchise agreement

To the extent you will store, process, transmit or otherwise access or possess cardholder data in connection with the operation of your Morelia Store under this Agreement, you will maintain the security of cardholder data and adhere to the then-current Payment Card Industry Data Security Standards (“PCI DSS”)…

Franchise agreement

We will, on a periodic basis, conduct (as we deem advisable) inspections of the Franchised Business and its operations and evaluations of the methods and the staff.

Item 11

We may periodically modify the Operations Manual, but these modifications will not alter your fundamental status and rights under the Franchise Agreement.

Item 12

You may operate your Morelia Store only at the Approved Location.

Item 11

You are prohibited from establishing a website that is separate and independent from our website.

Item 11

You must spend at least $10,000 on a grand opening marketing program for your Franchised Business during the 30 days prior to opening and first 60 days of operations.

Franchise agreement

We require that you spend 1% of the Net Sales of your Morelia Store each month on local advertising and promotion of the Franchised Business.

Franchise agreement

You will fully participate in all guest loyalty or frequent customer programs now or in the future adopted or approved by us.

Item 8

You must purchase the proprietary products we or our affiliates develop for proprietary recipes or formulas and purchase them only from us or a third-party who we have licensed to prepare and sell the products.

Item 8

You must obtain the computer hardware, software licenses, maintenance and support services and other related services that meet our specifications from the suppliers we specify.

Franchise agreement

All payments and any late fees and interest charges required by this Agreement shall be paid to us by or on the 10th calendar day for the immediately preceding month through our direct debit program, or such other payment method as prescribed by us, following the preceding month which the applicable fee is being paid…

Franchise agreement

You will participate in all gift certificate and/or gift card administration programs as may be designated by us from time to time.

Franchise agreement

To employ such minimum number of employees as may be prescribed by us and to comply with all applicable federal, state and local laws, rules and regulations with respect to such employees.

Item 8

You must use the computer hardware and software, including the point-of-sale system that we periodically designate to operate your Franchised Business.

Item 11

We will have independent access to information that will be generated and stored on your POS System, and which must be kept up to date, and on our own computers concerning your Franchised Business, including, customer, sales, inventory and scheduling information.

Franchise agreement

We may require you or any manager of the Franchised Business to participate in, at your expense, additional or refresher training programs at location we designate.

Item 11

You and your designated management personnel must attend and successfully complete all ongoing continuing education and training programs and must attend all meetings, seminars, conventions and conference telephone calls as we require.