Teapioca Lounge

Item 11

Presently, We require You to have QuickBooks accounting system.

Item 11

We have the right to independently access all information collected or compiled by or in accordance with Your use of the software, surveillance cameras, or electronic components at any time without first notifying You.

Item 16

Teapioca may modify any of its specifications, standards, or requirements as and when it deems necessary and You must promptly modify Your operation or product lines accordingly.

Item 8

For the fiscal year ending December 31, 2024, Our revenues from Franchisees’ required purchases or leases were $0.00, or 0% of Our total revenues of $1,138,117.00.

Item 8

Required purchases or leases are estimated to make up 7% of a Franchisee’s total initial investment and 6% of a Franchisee’s annual operating expenses.

Item 6

$150, plus At time of request If You wish to have Us test or review a new Supplier Actual costs supplier there will be a fee for any actual costs Sample Tests incurred incurred plus a One Hundred Fifty Dollars ($150.00) fee.

Item 8

If You propose to purchase any items for use in Your Franchised Business from an unapproved source for which We have identified, designated, or approved supplier(s), You must request Our approval, pay any required fees and associated incurred costs.

Item 17

assign Your telephone and facsimile numbers for the Franchised Business to Us;

Item 6

Audit All costs and Upon demand Audit costs payable only if the audit shows an Expenses1 expenses understatement in amounts due of 2% or more. associated with audit Late Fees2 $250 Upon demand Applies to all overdue Reports, Royalty Fees, Marketing Fees and other amounts due to Us per incident.

Item 11

We will have the right to periodically add to and otherwise modify the Manuals to reflect changes in the specifications, standards, operating procedures and rules required by Us for Teapioca Businesses, provided no addition or modification will materially change Your fundamental status and rights under the Ongoing…

Item 11

We must approve or deny the proposed sites within ninety (90) days or the site will be deemed approved; (Ongoing Franchise Agreement, Section 5.3).

Item 13

We do not allow You to establish or utilize Social Media sites or applications for business purposes, without Our express written permission, and then only by using preapproved materials or campaigns.

Item 11

During Your Opening, You must spend at least Ten Thousand Dollars ($10,000.00) on Grand Opening, including print or news media or direct mail advertising, dues for business organizations, event dues or other solicitation and promotional efforts.

Item 11

During every one (1) month period after the Franchised Business opens, You must spend at least One Thousand and Fifty-One Dollars ($1,051.00) on local advertising in an effort to assist You to meet or maintain the minimum sales requirements.

Item 11

If Cooperative Advertising is implemented in a particular region, You must participate in the Cooperative until its renewal period.

Item 8

You must purchase approved brands and models from approved suppliers.

Item 8

You must purchase approved brands and models from approved suppliers.

Item 6

The Royalty Fees, the Service Fee, plus any other amounts You owe Us will be deducted as an ACH withdrawal initiated by Us from Your business banking account following Our receipt of Your Gross Sales Reports.

Item 15

The Franchised Business must always be under the direct supervision of a Designated Manager, who speaks, reads and writes in English, which can be You.

Item 11

There is currently only one approved point of sale system that You will use that satisfies Our requirements.

Item 11

We have the right to independently access all information collected or compiled by or in accordance with Your use of the software, surveillance cameras, or electronic components at any time without first notifying You.

Item 11

The cost for these programs will be at Your expense; however, We will not require You to attend more than one of these programs in any calendar year and these programs will not collectively exceed three days during any calendar year not including any annual convention that is held by Us.

Item 11

Your attendance is mandatory.