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franchise-agreement.pdf

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agreement Id

FRA-2024-0089

effective Date

2024-05-01

franchisor

QuickServe Restaurant Group Inc.

franchisee

Smith Family Restaurants LLC

franchisee Address

789 Main Street, Columbus, OH 43215

brand

QuickServe Cafe

territory

Columbus, OH - 5 mile radius from location

location Address

123 Commerce Drive, Columbus, OH 43215

initial Franchise Fee

45000

currency

USD

royalty Rate

6% of gross sales

advertising Fee

2% of gross sales

technology Fee

500

technology Fee Frequency

Monthly

term Years

renewal Terms

Two 5-year renewal options

renewal Fee

15000

training Requirement

4-week initial training program

operating Hours

6:00 AM - 10:00 PM daily

minimum Net Worth

500000

minimum Liquidity

150000

non Compete

2 years, 25 mile radius post-termination

transfer Rights

Subject to franchisor approval and transfer fee

governing Law

Delaware

{ "agreementId": "FRA-2024-0089", "effectiveDate": "2024-05-01", "franchisor": "QuickServe Restaurant Group Inc.", "franchisee": "Smith Family Restaurants LLC", "franchiseeAddress": "789 Main Street, Columbus, OH 43215", "brand": "QuickServe Cafe", "territory": "Columbus, OH - 5 mile radius from location", "locationAddress": "123 Commerce Drive, Columbus, OH 43215", "initialFranchiseFee": 45000, "currency": "USD", "royaltyRate": "6% of gross sales", "advertisingFee": "2% of gross sales", "technologyFee": 500, "technologyFeeFrequency": "Monthly", "termYears": 10, "renewalTerms": "Two 5-year renewal options", "renewalFee": 15000, "trainingRequirement": "4-week initial training program", "operatingHours": "6:00 AM - 10:00 PM daily", "minimumNetWorth": 500000, "minimumLiquidity": 150000, "nonCompete": "2 years, 25 mile radius post-termination", "transferRights": "Subject to franchisor approval and transfer fee", "governingLaw": "Delaware"}