25 Jul Establish Statutory Agreements Required to Operate a Franchise Business
8441You have operated one of your property sites as a prototype for the Franchise Operation. The properties are all in upscale locations that support the Restaurant’s thematic Desert profile.
The new site has been test marketing the Franchise concept with the patented dessert brand, “Brain Freeze,” that savory specially formulated dessert treat created by Sally.
The desert has become so popular that many customers have requested extra take-home orders. A substantial number of patrons have even asked if the dessert would ever be sold separately in markets. The dessert menu has a strong sales position in overall restaurant sales and generated a cash flow that supported the entire overhead of the test model.
Your company is now ready to launch the Franchise Operation, but you must first prepare
To fully understand the nature of Franchises review the following documents:
Your task is to assemble the preliminary documents used to establish a national Franchise operation. So far, you have:
A Partial FDD Franchise Information (PDF) download outlining the Franchise requirements that legally permit your company to sell and enter into franchise agreements with franchisees.
Compare the Partial FDD Franchise Information against the specifications found in the Electronic Code of Federal Regulations website https://www.ecfr.gov/cgi-bin/text-idx?SID=e0fdbb22b03808e60dad65921bc2992a&mc=true&node=pt16.1.436&rgn=div5#_top
Make sure all statutory requirements are in the FDD. Document any missing sections highlighting any deficiencies or variations from the Statute if any. Using the FDD Franchise Agreement (DOCX) download provide detailed answers for each question answered, explaining why you chose your answer. Short, yes, or no answers are not appropriate, statements without support are not acceptable. Next, using the Partial FDD Franchise Information and any other appropriate information, complete the following:
Franchise Agreement (DOCX) download by filling in the blanks or bracketed “[ ]” information (using this Blue Font color) and fill in any other missing terms required to solicit prospective Franchisees.
Using: Franchise Agreement Checklist (DOCX) download, provide answers to the questions provided on the list. Short answers or one or two words will not be sufficient to pass this Assignment.
Support Documents: these documents are essential to completing the assignment.
507_Franchise Agreement (DOCX). download
508_Franchise_Agreement (DOCX). download
Pango_Financial_Presentation (PPTX). download
Upload your documents. Use all available information from the case studies, the text readings, and all information available, and any other research. Where response requires information not explicitly presented, use your vision to fill in the gaps and answer the questions. Information not established in the case study can be found in the franchise information. Use the documents in your assessment of your company’s readiness to take the next steps to success. Leave no blanks, and do not submit short answers that do not explain the basis for your response.
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