Techy

Franchise agreement

You must obtain and maintain at your sole expense accounting, sales, reporting and records retention systems conforming to any requirements prescribed by us from time to time, including electronic systems with online access for us.

Item 11

We will have independent access to the information generated and stored in the systems, and there are no contractual limitation on our right to access any of the above information.

Item 8

You must submit to us before 10th of each quarter, P&L and Balance Sheet reports for the preceding quarter.

Item 8

We or our affiliates or our commonly owned businesses reserve the right to derive revenue from your required purchases from us or our approved suppliers.

Item 11

We have no plans to do so, but may in the future require you to purchase different or other software or hardware.

Item 8

We had no revenue derived from franchisee purchases, no dollars from vendor rebates and $76,363 received from rental payments.

Item 8

We may receive rebates from approved suppliers from time to time as part of our purchasing negotiations and auditing services.

Item 8

approximately 70% - 80% of all purchases and leases necessary to operate the franchised business after opening.

Item 8

We currently approve suppliers upon request submitted upon our “Supplier Approval Form” and payment of a supplier approval fee of $1,000.

Franchise agreement

If you want to propose a new supplier of any product, item or service, you agree to submit to us, on our “Supplier Approval Form” and pay us a Supplier Approval Fee of $1,000 at the time you submit the “Supplier Approval Form”, sufficient written information about the proposed new supplier to enable us to approve or…

Franchise agreement

You understand and agree that we own all telephone numbers, domain names, Internet addresses/sites and/or other communications services links (collectively, the “Numbers”), and any related directory listings/advertising, used in connection with the operation of Techy Store.

Franchise agreement

You agree to request your customers to participate in any surveys performed by or on behalf of us, using forms prescribed by us from time to time.

Item 11

We may evaluate your franchise (including inspections, field service visits, customer comments/surveys and secret shopper reports) for compliance with our System Standards using the same methodology and scoring system as we use to evaluate any franchised store owned and/or operated by us and/or our Affiliates and/or…

Item 8

We have the right, under each franchise concept in the Franchise Agreement, to change the standards and specifications applicable to operation of the franchise, including standards and specifications for signs, furnishings, products, 21 supplies, fixtures and equipment.

Item 11

You must select a site for your Inline Franchise business and submit the location for our approval within 90 days of signing your agreement and be conducting business at the approved location within 180 days or your franchise will be terminated without any refund of fees or expenses.

Item 11

You may utilize only the website and Internet presence provided by us.

Item 7

During the sixty (60) day period after opening, you must spend between $4,000 to $6,000 on Franchisor approved marketing of your store.

Item 11

Each month you must spend the greater of $500 or 1.5% of the previous month’s Gross Revenues for local advertising and promotion of your franchised store.

Item 8

We have the right to require you to purchase certain products, signs, furnishings, supplies, fixtures, computer hardware and software and equipment from approved suppliers identified in the Operations Manual or otherwise in writing.

Franchise agreement

Your Techy Store will purchase, use and offer such Designated Equipment, Products and Services, as are specified by us from time to time.

Item 6

You must participate in an electronic funds transfer and reporting program, which will authorize us to use a pre-authorized bank debit system.

Item 15

Your franchised store must be personally managed on a full-time basis by a person who has successfully completed mandatory training and met then-current standards as specified by us.

Item 8

Currently, we require you to use “LightSpeed” as your point of sale software and “EmailMeForms” which we pay for, as a utility program.

Item 11

We will have independent access to the information generated and stored in the systems, and there are no contractual limitation on our right to access any of the above information.

Item 11

You and your manager must attend additional and/or refresher training programs as we may reasonably require to correct, improve and/or enhance your operations, the System and its members.

Franchise agreement

You are required to attend all meetings designated by us as mandatory (including without limitation the Techy annual convention), unless otherwise excused by us.