Verlo Mattress

Franchise agreement

Franchisee shall establish and maintain, at Franchisee’s expense, a bookkeeping, accounting, and record keeping system conforming to the requirements prescribed by the Company from time to time, including, without limitation, the preparation and retention of books and records.

Item 11

we have independent access to information generated and stored in these systems.

Franchise agreement

Franchisee shall furnish to the Company in the form prescribed by the Company: (i) on or before the 10th day of each calendar month, a report of the Gross Sales of the Franchised Business for the preceding month and such other data, information, and supporting records as the Company from time to time requires; (ii)…

Item 8

Exclusive Products While currently we, or our affiliates, are not the only approved suppliers in any area of our products and services, we reserve the right that in some instances, we, or our affiliates, may be approved suppliers or the sole approved suppliers for certain products and services, which may include…

Item 11

We have established a “Marketing Advisory Council” (vMAC) that provides us with advice on marketing programs and general use of National Marketing Fund dollars.

Franchise agreement

The Company shall also have the right, without limitation, to modify the Technology Systems and to require Franchisee to replace any of the components of Franchisee’s computer system (including any hardware and software) if, in the future, the Company deems the component to be (a) undersized or otherwise insufficient…

Item 8

For the fiscal year ended December 28, 2023, we received $690,434.00 as a result of franchisee purchases.

Item 8

In the fiscal year ended December 28, 2023, we received $292,063.00 from approved suppliers.

Item 8

approximately 80% to 90% of the continuing cost of operating your Store each year

Item 8

Except with respect to Exclusive Products and the Technology Systems (as described above), you may make written request for the approval of an additional qualified manufacturer or supplier of a specific item of equipment, a Component, an Accessory, Product or for other supplies and materials.

Franchise agreement

Franchisee shall, at the Company’s direction, either cancel or assign to the Company or its designee, any and all telephone numbers and all telephone directory listings associated with Franchisee’s VERLO® Stores or the Trademarks.

Franchise agreement

Franchisee shall present to its customers such customer evaluation forms as are periodically prescribed by the Company and shall participate and/or request that its customers participate in any marketing surveys performed by or on behalf of the Company.

Item 11

We will strive to maintain the high standards of quality, professionalism, appearance, and service we have established, and to that end will conduct, as and when we deem advisable, inspections of the Store(s) (Franchise Agreement § 13).

Franchise agreement

The Company may, by written or electronic means (including through the Technology Systems), modify the Electronic Manuals from time to time to reflect changes in the image, décor, design, format, appearance, methods, standards and specifications, and operating procedures and policies approved for VERLO® Stores.

Item 11

You must obtain our approval of any Retail Assembly Store or Retail Only Store site.

Franchise agreement

Franchisee may not market, advertise or promote Franchisee’s initial Factory Retail Only Store or Retail Only Store or conduct any business on the Internet, including using social and professional networking sites to promote Franchisee’s Factory Retail Only Store, except as provided in the Company’s written social…

Item 7

You are required to spend a minimum of $40,000 on your grand opening marketing plan.

Item 11

In addition to paying the monthly National Marketing Fund Fee, you must spend at least 6% of your Store’s Gross Sales, as measured on an annual basis, on local advertising and promotion of the Products.

Item 11

We may require you to participate in a local or regional advertising cooperative.

Item 6

you must buy Exclusive Products from us or our designated suppliers.

Franchise agreement

Franchisee must purchase the equipment, Component, and Accessories listed above solely from suppliers who have been approved by the Company and identified by the Company in the Electronic Manuals or otherwise in writing.

Franchise agreement

Franchisee must pay electronically all fees due to the Company under this Franchise Agreement.

Franchise agreement

(iv) uniform specifications;

Franchise agreement

Franchisee shall purchase and otherwise access in its operation of the Store the “Technology Systems” specified by the Company in the Electronic Manuals, including, but not limited to, hardware and software items, on-line communication tools (including continuous business grade Internet access), and other electronic…

Item 11

we have independent access to information generated and stored in these systems.

Franchise agreement

The Company may require Franchisee and/or previously trained staff to attend periodic refresher courses at locations designated by Company, or as provided through the Technology Systems (as defined in Paragraph 10.M), telecommunications, or other similar means.

Franchise agreement

Franchisee or designated staff shall attend any regional or national conventions conducted by the Company (which may also include refresher and/or supplemental training programs).