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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
10
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
franchise-agreement.pdf
Viewer
JSON
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
10
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
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