The Grace Galleries IFG

Franchise agreement

Franchisee cannot substitute or replace the Business Management System in favor of any substitutes or other systems.

Item 11

We will have independent access to all of the information and data that is electronically transmitted and will have access to all data related to the financial performance of your Gallery.

Franchise agreement

(2) Monthly Financial Statements and Reports – within 30 days of the end of each calendar month Franchisee shall submit to Franchisor monthly financial statements and other reports related to the operations of the Franchised business including, but not limited to, income statement, statement of cash flows, balance…

Franchise agreement

Franchisor reserves the right to designate from time to time a single supplier and/or distributor for any services, products, equipment, supplies, or materials including, but not limited to, the System Supplies and to require Franchisee to use such a designated supplier exclusively, which exclusive designated…

Item 8

As of the Issuance Date of this Disclosure Document we have not received revenue from suppliers from franchisee purchases of source restricted products or services.

Item 8

approximately 15% of the on-going operating expenses of the Franchised Business.

Item 8

We may charge you a fee equal to the costs and expenses that we incur in reviewing and evaluating an alternate supplier, product, and/or service requested by you.

Item 8

If you want to purchase or lease a source restricted item from a supplier that has not been previously approved or designated by us in writing, you must send us a written request for approval and submit additional information, samples, and testing data that we may request.

Franchise agreement

In the event of the termination of this Agreement, for any reason, that the accounts related to all telephone numbers associated with the Franchised Business and all rights in and to the telephone numbers associated with the Franchised Business, shall, at Franchisor’s election, be transferred to Franchisor.

Franchise agreement

Franchisor has the right at any and all times during business hours, throughout the terms of this Agree and without prior notice to Franchisee, to inspect Franchisee’s Gallery.

Item 11

At all times, we reserve the right to supplement, modify and update the Manuals.

Item 11

Although you are responsible for selecting a site for your Gallery Location you must obtain our approval of your Gallery Location.

Item 11

You may not use any websites, web-based media or digital media unless expressly approved by us in writing.

Item 7

You must spend a minimum of $1,000 prior to the opening your Gallery to promote your grand opening.

Item 11

On an on-going calendar year monthly basis, you must spend not less than $500 per month on the local marketing of your Gallery.

Item 11

If we elect to form a local or regional cooperative or if a cooperative already exists as to the area of your Gallery, you will be required to participate in the cooperative in accordance with the provisions of our operations manual which we may supplement and modify from time to time.

Item 8

You must purchase the System Supplies, as designated by us, from us, our affiliates, and/or our designated suppliers.

Item 8

You may only use those products, supplies, equipment, technology systems, and services that we authorize and designate in writing.

Item 8

Credit Card Processing – You must use our designated supplier and vendor for credit card processing which may be integrated with the point of sale system that we designate.

Item 6

You will be required to sign an ACH Authorization Form (Franchise Agreement, Exhibit 7) permitting us to electronically debit your designated bank account for payment of all fees payable to us and/or our affiliates.

Item 8

Online Ordering, Customer Rewards, and Gift Cards – You must use our designated supplier and vendor for the ability to access and use online, point of sale integrated, web based, and/or app based, ordering, customer rewards, and/or gift card systems.

Item 15

At all times, your Gallery must be managed and supervised on-site by either a Managing Owner or Operating Manager.

Franchise agreement

standards related to brand uniformity including, brand standards regarding uniforms, marketing materials, marketing media, the appearance and operations of the Franchised Business

Item 11

You must purchase, license and use the computer, point of sale, business management, and ordering systems that we designate.

Item 11

We will have independent access to all of the information and data that is electronically transmitted and will have access to all data related to the financial performance of your Gallery.

Franchise agreement

“Business Management System” refers to and means the software, internet, web based and/or cloud based system or systems, point of sale system or systems and customer relationship management system or systems as same may be individually or collectively designated by us, in our Reasonable Business Judgment, as being…

Franchise agreement

Franchisor reserves the right to assess Franchisee reasonable charges for such training.

Item 6

If we offer a franchisee annual conference in a given year you will be required to attend the conference on the dates and at the location that we designate.