DOCSLIB.ORG

Carvel-Partial-FDD-A

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

(Modified graphics) FRANCHISE DISCLOSURE DOCUMENT ISSUANCE DATE: APRIL 1, 20452014 CARVEL CORPORATION A Delaware corporation 200 Glenridge Point Parkway, Suite 200 Atlanta, Georgia 30342 (404) 255-3250 [email protected] www.carvel.com © 20432014 Carvel Corporation. All rights reserved. Carvel Franchise Disclosure Document -W^K (MoMed);^^^^ ^ ^ CARVEL CORPORATION A Do la ware corporation 200 Glonridgo Point Parkway, Suite 200 Atlanta, Georgia 30342 [email protected] www.carvol.com CARVEL CORPORATION ^hmm^m^m 200 Glenridge Point Parkway. Suite 200 Atlanta. Georgia 30342 (404) 255-3250 FRANCHISE DISCLOSURE rtrtm IMCMT , FRANCHISE DISCLOSURE DOCUMENT You will operate a Carvel® Ice Cream Shoppe. Carvel® Ice Cream Shoppes are retail Shoppes that sell soft serve ice cream, hand dipped ice cream, novelties and ice cream cakes. The total investment necessary to begin operation of a Carvel® Full Shoppe ranges from $240 375 to $364.550249.300 to $381.100 This total investment estimate for a Full Shopped includes a $30.000 initial franchise fee that must be paid to us. The total investment necessary to begin operation of a Carvel® Express Shoppe ranges from $24.10037.100 to $74^560118,900. The total investment necessary to begin operation of a Carvel® Hosted Express Shoppe located in a new Sohlotzsky's Restaurant ranges from $31,734 to $37,954. Tho total investment necessary to begin operation of a Carvol® Exproco Shoppo located in a now Moe's Southwest Grill Restaurant ranges from $20,900 to $37,855. Tho total invostmont necessary to begin operation of a Carvel® Express Shoppe located in a new Cinnabon Bakory rnnoofl from $26.490 to $39.40030.800 to $51.500. These total investment estimates for Express Shopoes and Hosted Express Shoppes include a $7.500 initial franchise feesfee that must be paid to us: a $30,000 initial franchise foe for a Full Shoppo or, depending on the menu format, either a $2,500 or $7,500 initial franchise feo for an Express Shoppe. These total investment estimates also include your cost to purchase a designated PCS System, which currently ranges from $3,100 for one register to $6,200 for two registers (the initial cost estimate includes software support and maintenance and hardware maintenance for the first year), that must be paid to our affiliate. This Disclosure Document summarizes certain provisions of your franchise agreement, territory agreement and other information in plain English. Read this Disclosure Document and all accompanying agreements carefully. You must receive this Disclosure Document at least 14 calendar-days before you sign a binding agreement with, or make any payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Note, however, that no governmental agency has verified the information contained in this document. You may wish to receive your Disclosure Document in another format that is more convenient for you. To discuss the availability of disclosures in different formats, contact our sales department at 200 Glenridge Point Parkway, Suite 200, Atlanta, Georgia 30342 and 404-255- 3250 or [email protected]. Carvel Franchise Disclosure Document <i i ooiavM 1 2014 The terms of your contract will govern your franchise relationship. Don't rely on the Disclosure Document alone to understand your contract. Read all of your contract carefully. Show your contract and this Disclosure Document to an advisor, like a lawyer or an accountant. Buying a franchise is a complex investment. The information in this Disclosure Document can help you make up your mind. More information on franchising, such as "A Consumer's Guide to Buying a Franchise," which can help you understand how to use this Disclosure Document, is available from the Federal Trade Commission. You can contact the FTC at 1-877-FTC-HELP or by writing to the FTC at 600 Pennsylvania Avenue, NW, Washington, D.C. 20580. You can also visit the FTC's home page at www.ftc.gov for additional information. Call your state agency or visit your public library for other sources of information on franchising. There may also be laws on franchising in your state. Ask your state agencies about them. The issuance date of this Franchise Disclosure Document is April 1,20432014. Carvel Franchise Disclosure Document 4.i.aoi3va4.1.2014 STATE COVER PAGE Your state may have a franchise law that requires a franchisor to register or file with a state franchise administrator before offering or selling in your state. REGISTRATION OF A FRANCHISE BY A STATE DOES NOT MEAN THAT THE STATE RECOMMENDS THE FRANCHISE OR HAS VERIFIED THE INFORMATION IN THIS DISCLOSURE DOCUMENT. Call the state franchise administrator listed in Exhibit G to this Disclosure Document for information about the franchisor or about franchising in you state. MANY FRANCHISE AGREEMENTS DO NOT ALLOW YOU TO RENEW UNCONDITIONALLY AFTER THE INITIAL TERM EXPIRES. YOU MAY HAVE TO SIGN A NEW AGREEMENT WITH DIFFERENT TERMS AND CONDITIONS IN ORDER TO CONTINUE TO OPERATE YOUR BUSINESS. BEFORE YOU BUY, CONSIDER WHAT RIGHTS YOU HAVE TO RENEW YOUR FRANCHISE, IF ANY, AND WHAT TERMS YOU MIGHT HAVE TO ACCEPT IN ORDER TO RENEW. Please consider the following RISK FACTORS before you buy this franchise: [1] THE FRANCHISE AGREEMENT AND TERRITORY AGREEMENT PERMIT YOU TO ARBITRATE OR SUE ONLY IN GEORGIA. OUT-OF-STATE ARBITRATION OR LITIGATION MAY FORCE YOU TO ACCEPT A LESS FAVORABLE SETTLEMENT FOR DISPUTES. IT ALSO MAY COST MORE TO ARBITRATE WITH OR SUE CARVEL IN GEORGIA THAN IN YOUR HOME STATE. CERTAIN STATES HAVE LAWS THAT SUPERSEDE THIS REQUIREMENT. SEE THE STATE ADDENDA TO THE FRANCHISE AGREEMENT AND TERRITORY AGREEMENT, AND THE STATE ADDENDA TO THE DISCLOSURE DOCUMENT. [2] THE FRANCHISE AGREEMENT AND TERRITORY AGREEMENT STATE THAT GEORGIA LAW GOVERNS THESE AGREEMENTS. THIS LAW MAY NOT PROVIDE THE SAME PROTECTIONS AND BENEFITS AS LOCAL LAW. YOU MAY WANT TO COMPARE THESE LAWS. EVEN THOUGH THE FRANCHISE AGREEMENT PROVIDES THAT GEORGIA LAW APPLIES, LOCAL LAW MAY SUPERSEDE THIS REQUIREMENT IN YOUR STATE. SEE THE STATE ADDENDA TO THE FRANCHISE AGREEMENT AND TERRITORY AGREEMENT, AND THE STATE ADDENDA TO THE DISCLOSURE DOCUMENT. [3] CARVEL GRANTS YOU NO TERRITORIAL RIGHTS OTHER THAN THOSE FOR THE PREMISES OF THE CARVEL SHOPPE UNDER THE FRANCHISE AGREEMENT. SEE ITEM 12 OF THIS DISCLOSURE DOCUMENT. CARVEL AND/OR OTHER THIRD PARTIES MAY COMPETE WITH YOU BY ITS/THEIR SALES TO SUPERMARKETS, CONVENIENCE STORES AND OTHER BUSINESSES OR DIRECT TO CONSUMERS. [4] THERE MAY BE OTHER RISKS CONCERNING THIS FRANCHISE. The effective dates of this Franchise Disclosure Document in the states with franchise registration laws in which we have sought registration appear on Attachment 1. Carvel Franchise Disclosure Document 412oi3v24 1 2014 ^HEEOLLO^GAP^ESTOTRANSA^ONSGOVERNEOBY THE MIC^GANFRANC^E INVESTMENT LA^ONL^ THESTATE OE MICHIGAN PROHIBITS CERTAIN ONEAIR PRCVISICNSTHAT ARE SOMETIMES IN ERANCHISE OCCUMENTS IE ANY OE THE EOI^O^INO PROVISIONS ARE IN THESE ERANCHISE OOCOMENTS^THE PROVISIONS ARE VOIOANO CANNOT BEENEORCEOAOAINSTYOO. Each of thefo^wiog provisions is void and unenforooabio if oontainod in any dooumonts bating toafranohise: (a) Aprohibitionontheng^ofafranohisooto^oin an association offranohisoes (b) A roqoiremontthat a franchisee assentto a release, assignment novation, waiver, or estoppel which deprivesafranch^ This shall not preclodeafranchisee, after entering intoafranchise agreement, from settling any and all claims (c) A provision that permits a franchisor to terminate a franchise prior to the expirationof its term except for goodcaose Ooodcause shall include the failure of the franchisee to comply with any lawful provision of the franchise agreement and to cure such failure after being given written notice th^ need be more than 30 days, to cure such failure. (d) Aprovision that permitsafranchisor to refuse to renewafranchise without fairly compensating the franchisee by repurchase or other means for the fair market value at the time of expiration of the franchisee's inventory, supplies, equipment, fixtures, and furnishings Personalized materials which have no value to the franchisor and inventory, supplies, equipment,fixtures,and furnishings not reasonably required in the conduct of the franchise business are not subject to compensation This subsection applies only if: ^thetermofthe franchise is less than^years and (ii) the franchisee is prohibited by the franchise or other agreement from continuing to conduct substantially the same business under another trademark, service mark, trade name, logotype, advertising, or other commercial symbol in the same area subsequent to the expiration of the franchise or the franchisee does not receive at least^months advance notice offranchisor's intent not to renewthe franchise (e) Aprovisionthatpermitsthefranchisorto refuse to renewafranchise on terms generally available to other franchisees of the same class or type under similar circumstances This section does not requirearenewal provision (f) Aprovision requiringthatarbitrationorlitigation be conducted outside this state. This shall not preclude the franchisee from entering into an agreement, at the time of arbitrat^^^ to conduct arbitration atalocation outside this state (g) Aprovisionwhich permitsafranchisor to refuse to permitatransfer of ownership of afranchise, except for goodcause This subdivision doesnotpreventafranchisor from exercisingarightoffirstrefusaltopurchasethefranchise Good cause shall include, but is not limited to: (i) Thefailureofthe proposed transferee to meet the franchisor's
Recommended publications
  • Restaurant Quarterly Update

    Restaurant Quarterly Update

    Restaurant Quarterly Update F a l l 2 0 1 8 1 Restaurant MonthlyQuarterly Update Update | January| Fall 2018 2018 KEY Market Update INFORMATION ( 1 ) September restaurant survey data indicated a 1.2% improvement in same-store sales (SSS), while the third quarter had an overall increase in SSS of 1.2%. This quarterly result represents the strongest sales growth rates for restaurants in the past three years and is the first quarter since the fourth quarter of 2015 in which all three consecutive months were positive. September SSS grew by 1.2%, while comparable traffic fell by Even though the industry appeared stronger due to hurricanes in Texas 1.4% and Florida in the previous year, sales growth was impressive across the entire country. All geographic regions reported positive sales growth throughout both September and the third quarter as a whole, with 76% of all designated market areas (“DMAs”) posting positive growth. Average guest checks are up 2.9% in 2018 vs. 2.2% for the same Although the industry generated positive sales growth, restaurants period last year, helping to mitigate experienced a 1.4% decline in same-store traffic in September. While the drop in traffic this is an improvement from earlier in the year, it still indicates that restaurants are likely far from a true long-term recovery. Even though the third quarter experienced a 1.3% decline in same-store traffic, this represented the best quarterly result in the past three years. Job growth among chain restaurants has accelerated in Even as sales hint at a recovery, the reality is that restaurants opened recent months, with the number of for more than one year continue to lose guests.
  • Restaurants: Updating Our Thoughts on M&A

    Restaurants: Updating Our Thoughts on M&A

    RBC Capital Markets, LLC Christopher Carril (Analyst) (617) 725-2109 [email protected] November 10, 2020 Restaurants: Updating Our Thoughts on M&A In light of the recently announced deal for DNKN to be acquired by Inspire Brands, in this note we take a look at recent trends in restaurant M&A, and what it means for the companies in our coverage. Is the DNKN deal a sign of things to come? Restaurants have been an active space for M&A—we EQUITY RESEARCH estimate that approximately 40% of the top 100 largest brands in the US have changed ownership over the last ten years—and we expect this trend to continue. Restaurants make attractive acquisition targets, particularly single brand, asset-light "all-franchised" companies able to generate significant free cash flow (e.g. DNKN w/near-100% FCF conversion). Additionally, this year's pandemic has also highlighted the resilience of fast food models, and especially those featuring significant drive-thru or delivery/carryout mix (conversely, over 80% of recent large chain bankruptcies are in the full service segment). However, the bargain hunting window has largely closed, with average valuations of single brand companies back to (or above) pre-COVID levels. But holding this aside, we expect the attractive qualities of restaurants to continue to draw the interest of potential acquirers, setting the stage for continued M&A activity. Thinking through the universe of potential acquirers: We expect private equity to remain active participants in restaurant M&A given the reasons cited above, and driven by substantial available dry powder.
  • Dreyer's Grand Ice Cream Business Time Line

    Dreyer's Grand Ice Cream Business Time Line

    Dreyer’s Grand Ice Cream Business Time Line: DATE Event Description 4th Origins of ice cream being made… China, Persians faloodeh, Nero in Rome (62 AD) century BC 15th Spanish, Italian royalty and wealthy store mountain ice in pits for summer use Century 16th Ice Cream breakthrough is when Italians learn to make ice by immersing a bucket of Century water in snow and adding potassium nitrate… later just use common salt. 1700s Jefferson and Washington In US serving ice cream 1776 First US ice cream parlor in New York City and American colonists first to use the term ice cream 1832 Augustus Jackson (Black) in Philadelphia adds salt to lower temp. White House chef to a catering business. 1846 Nancy Johnson patented hand-crank freezer 1848 William Young patents an ice cream freezer 1851 Jacob Fussell in Seven Valleys, Pennsylvania established the first large-scale commercial ice cream plant… moved to Baltimore 1870s Development of Industrial Refrigeration by German engineer Carl von Linde 1904 Walk away edible cone at the St Louis World’s Fair 1906 William Dreyer made his first frozen dessert to celebrate his German ship's arrival in America. Made Ice Cream in New York then moves to Northern California began 20 year apprenticeship with ice cream makers like National Ice Cream Company and Peerless Ice Cream. 1921 Dreyer opens own ice creamery in Visalia and one first prize at Pacific Slope Dairy Show. 1920s – Dreyer taught ice cream courses at the University of California and served as an officer in 1930s the California Dairy Industries Association.
  • FUND™ Reports Franchiseregistry@Franchiseregistry.Com We Are Constantly Adding More Brands

    FUND™ Reports [email protected] We Are Constantly Adding More Brands

    For more information: FUND™ Reports [email protected] We are constantly adding more brands. 1.800.485.9570 9Round Fitness DQ Teat Jackson Hewit Tax Services Sonny's BBQ Pit AAMCO Transmissions Dunkin Donuts Jamba Juice Sport Clips Ace Hardware Econo Lodge Jersey Mike's Spring‐Green AFC/Doctors Express Edible Arrangements Jet's Pizza SpringHill Suites AIM Mail Center El Pollo Loco Jiffy Lube Steak N Shake Aire Serv Elements Massage Jiffy Lube + Sterling Optical Alphagraphics EmbroidMe Jimmy Johns Suburban Always Best Care European Wax Center KFC Subway Ameriprise Financial Express Employment Kiddie Academy SUPERCUTS Services Professionals Kids 'R' Kids Taco Bell Another Broken Egg Fairfield Inn & Suites KOA franchise campgrounds TeamLogic IT Anytime Fitness Fantastic Sams Koko FitClub The Cleaning Authority Apricot Lane FASTSIGNS Krispy Kreme The Dailey Method Arby's FibreNew kumon The Egg & I Ascend Hotel Collection Figaro's Pizza La Quinta Inn The Grounds Guys Auntie Anne's Firehouse Subs Liberty Tax Service The HoneyBaked Ham Co. Batteries Plus Bulbs Five Guys Burgers Little Caesars and Cafe Bojangle's Five Star Painting Little Ceasars The Learning Experience BrightStar Care Gigi's Cupcakes Maaco The Maids Buffalo Wild Wings Glass Doctor MainStay Suites The Medicine Shoppe Burger King Corporation Go Mini ‐ emerging Marco's Pizza The UPS Store Camp Bow Wow Golden Corral Massage Envy Spa Tim Hortons Canteen Vending Great Clips Massage Heights Title Boxing Club Capriotti's Great Harvest Mathnasium Tropical Smoothie
  • FSE Permit Numbers by Address

    FSE Permit Numbers by Address

    ADDRESS FSE NAME FACILITY ID 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY CENTER SOUTH CONCOURSE 50891 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - FOOTNOTES 55245 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY CENTER EVENT LEVEL STANDS & PRESS P 50888 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY CENTER NORTH CONCOURSE 50890 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY PLAZA LEVEL 50892 1 BETHESDA METRO CTR, -, BETHESDA HYATT REGENCY BETHESDA 53242 1 BETHESDA METRO CTR, 000, BETHESDA BROWN BAG 66933 1 BETHESDA METRO CTR, 000, BETHESDA STARBUCKS COFFEE COMPANY 66506 1 BETHESDA METRO CTR, BETHESDA MORTON'S THE STEAK HOUSE 50528 1 DISCOVERY PL, SILVER SPRING DELGADOS CAFÉ 64722 1 GRAND CORNER AVE, GAITHERSBURG CORNER BAKERY #120 52127 1 MEDIMMUNE WAY, GAITHERSBURG ASTRAZENECA CAFÉ 66652 1 MEDIMMUNE WAY, GAITHERSBURG FLIK@ASTRAZENECA 66653 1 PRESIDENTIAL DR, FY21, COLLEGE PARK UMCP-UNIVERSITY HOUSE PRESIDENT'S EVENT CTR COMPLEX 57082 1 SCHOOL DR, MCPS COV, GAITHERSBURG FIELDS ROAD ELEMENTARY 54538 10 HIGH ST, BROOKEVILLE SALEM UNITED METHODIST CHURCH 54491 10 UPPER ROCK CIRCLE, ROCKVILLE MOM'S ORGANIC MARKET 65996 10 WATKINS PARK DR, LARGO KENTUCKY FRIED CHICKEN #5296 50348 100 BOARDWALK PL, GAITHERSBURG COPPER CANYON GRILL 55889 100 EDISON PARK DR, GAITHERSBURG WELL BEING CAFÉ 64892 100 LEXINGTON DR, SILVER SPRING SWEET FROG 65889 100 MONUMENT AVE, CD, OXON HILL ROYAL FARMS 66642 100 PARAMOUNT PARK DR, GAITHERSBURG HOT POT HERO 66974 100 TSCHIFFELY
  • Download a 27-Page PDF of the 2016

    Download a 27-Page PDF of the 2016

    1966 • NRN celebrates 50 years of industry leadership • 2016 WWW.NRN.COM APRIL 4, 2016 CONSUMER PICKS THE DEFINITIVE ANNUAL RANKING OF TOP RESTAURANT BRANDS, PAGE 10 TM ove. It isn’t a word often used in businesses, but it is a word often used about businesses. Whether a customer loves your brand, loves your menu, loves your servers or loves your culture translates into whether your business will thrive. Love is a word businesses should get comfortable with. The annual Consumer Picks special report from Nation’s Restau- rant News and WD Partners is a measure of restaurant brand success from the eyes of their guests. Surveying customers to the tune of 37,339 ratings, Lincluding specific data points on 10 restaurant brand attributes like Cleanliness, Value, Service and Craveability, Consumer Picks ranks 173 chains on whether or not their guests are feeling the love. In this year’s report, starting on page 10, there is valuable analysis on top strat- egies to win over the customer, from the simplicity of cleaning the restaurant to the more complex undertaking of introducing an app to provide guests access to quick mobile payment options. Some winning brands relaunched menus and oth- ers redesigned restaurants. It is very clear through this report’s data and operator insights that to satisfy today’s demanding consumer, a holistic approach to your brand — who you are, what you stand for, the menu items you serve, the style in which you serve it and the atmosphere you provide to your guest — is required. This isn’t anything new.
  • SBA Franchise Directory Effective March 31, 2020

    SBA Franchise Directory Effective March 31, 2020

    SBA Franchise Directory Effective March 31, 2020 SBA SBA FRANCHISE FRANCHISE IS AN SBA IDENTIFIER IDENTIFIER MEETS FTC ADDENDUM SBA ADDENDUM ‐ NEGOTIATED CODE Start CODE BRAND DEFINITION? NEEDED? Form 2462 ADDENDUM Date NOTES When the real estate where the franchise business is located will secure the SBA‐guaranteed loan, the Collateral Assignment of Lease and Lease S3606 #The Cheat Meal Headquarters by Brothers Bruno Pizza Y Y Y N 10/23/2018 Addendum may not be executed. S2860 (ART) Art Recovery Technologies Y Y Y N 04/04/2018 S0001 1‐800 Dryclean Y Y Y N 10/01/2017 S2022 1‐800 Packouts Y Y Y N 10/01/2017 S0002 1‐800 Water Damage Y Y Y N 10/01/2017 S0003 1‐800‐DRYCARPET Y Y Y N 10/01/2017 S0004 1‐800‐Flowers.com Y Y Y 10/01/2017 S0005 1‐800‐GOT‐JUNK? Y Y Y 10/01/2017 Lender/CDC must ensure they secure the appropriate lien position on all S3493 1‐800‐JUNKPRO Y Y Y N 09/10/2018 collateral in accordance with SOP 50 10. S0006 1‐800‐PACK‐RAT Y Y Y N 10/01/2017 S3651 1‐800‐PLUMBER Y Y Y N 11/06/2018 S0007 1‐800‐Radiator & A/C Y Y Y 10/01/2017 1.800.Vending Purchase Agreement N N 06/11/2019 S0008 10/MINUTE MANICURE/10 MINUTE MANICURE Y Y Y N 10/01/2017 1. When the real estate where the franchise business is located will secure the SBA‐guaranteed loan, the Addendum to Lease may not be executed.
  • August 6, 2020 the Honorable Mitch Mcconnell Speaker Majority

    August 6, 2020 the Honorable Mitch Mcconnell Speaker Majority

    August 6, 2020 The Honorable Mitch McConnell The Honorable Charles E. Schumer Speaker Majority Leader Minority Leader Minority Leader U.S. Senate U.S. Senate Washington D.C. 20510 Washington D.C. 20510 The Honorable Marco Rubio The Honorable Ben Cardin Chairman, Committee on Small Business & Ranking Member, Committee on Small Business Entrepreneurship & Entrepreneurship U.S. Senate U.S. Senate Washington D.C. 20510 Washington D.C. 20510 Dear Majority Leader McConnell, Minority Leader Schumer, Chairman Rubio, and Ranking Member Cardin We write to you on behalf of our independent franchise owners regarding recent proposals to further help small businesses like theirs during the COVID-19 pandemic. The undersigned brands represent a broad segment of the franchise sector, which employs roughly 8 million American workers at 733,000 locations. The franchise business model has led to success and upward mobility for both franchise owners and employees in more than 300 business lines and across demographic groups. Indeed, franchising is more diverse than non-franchise businesses: according to U.S. Census data, nearly 30 percent of franchise businesses are minority-owned, compared to 18 percent of non-franchised businesses. Our franchisees truly appreciate your leadership in Congress’s historic response to the COVID-19 crisis. The Paycheck Protection Program (PPP), in conjunction with increased support of our health care system, has enabled many franchise small businesses to remain operational and retain employees. However, the future for these same small businesses is anything but settled. Continuous operation at reduced capacity – and in many cases, extended business closures – has led to precipitous drops in revenue.
  • First U.S. Franchise Opens in Libya

    First U.S. Franchise Opens in Libya

    - 1 - August 7, 2012 First U.S. franchise opens in Libya By Kendal H. Tyre and Diana Vilmenay-Hammond After two years of planning and one false start, U.S.-based baked goods chain Cinnabon became the first U.S. franchise to open a store in Libya on July 2, 2012. The franchise will sell signature Cinnabon products alongside Carvel-brand ice cream and cakes. Focus Brands International owns the Cinnabon and the Carvel brands. The 7,500-square-foot bakery-cafe in downtown Tripoli is located in the city’s business district and was originally set to open in early 2011. A shipment of product was already on its way but the launch was scrapped when the Libyan civil war broke out which ousted former leader Muammar Gaddafi and sparked bloody protests. In addition to the traditional menu items, the Tripoli location will offer a wide variety of locally created sandwiches, salads, and other baked goods as well as cakes and pies that are imported from Italy. The company began considering an expansion into Libya two years ago when U.S. sanctions on the country were easing. The company had received numerous franchise inquiries from Libyans living overseas. Ultimately, the brothers Arief and Ahmed Swaidek opened the co-branded location as franchisees. They plan to open 10 more Cinnabon locations in Libya over the next five years, with another one coming later in 2012. They also plan to open more Carvel units and have also signed on to bring Moe’s Southwest Grill locations to Libya. According to the company, in the first week of its opening, the Tripoli Cinnabon store logged $45,000 USD in sales.
  • Restaurant Compliance July 2

    Restaurant Compliance July 2

    Accessible Restaurant Survey 7/15/2019 Sl Business Address Compliance No. Complaint Non-Compliant 1 Just Salad 233 Broadway, New York, NY 10279 X 2 Fowler and Wells 5 Beekman St, New York, NY 10038 X 3 Birch Coffee 8 Spruce St, New York, NY 10038 X 4 Wxyz Bar, 49 Ann St, New York, NY 10038 X 5 Poke Bowl 104 Fulton St, New York, NY10038 X 6 Sakura Of Japan 73 Nassau St, New York, NY 10038 X 7 Dunkin' Donuts 80 John St, New York, NY10038 X 8 Hole In The Wall 15 Cliff St, New York, NY 10038 X 9 Feed Your Soul Café 14 Wall St, New York, NY 10005 X 10 Black Fox Coffee Co 70 Pine St, New York, NY 10270 X 11 Fairfield Inn & Suites 161 Front St, New York, NY 10038 X 12 Delivery Only 126 Pearl St, New York, NY 10005 X 13 Bluestone Lane 90 Water St, New York, NY 10005 X 14 Industry Kitchen 70 South St, New York, NY 10005 X 15 Just Salad 90 Broad St, New York, NY 10004 X 16 Hale and Hearty 111 Fulton St, New York, NY 10038 X 17 Ainsworth 121 Fulton St, New York, NY 10038 X 18 Keste Fulton 66 gold street, New York, NY 10038 X 19 Temple Court 5 Beekman St, New York, NY 10038 X 20 Joe's Pizza 124 Fulton St, New York, NY 10038 X 21 Potbelly Sandwich Shop 127 Fulton St, New York, NY 10038 X 22 GRK Fresh Greek 111 Fulton St, New York, NY 10038 X 23 Plaza Deli 127 John St, New York, NY 10038 X 24 Flavors Café 175 Water St, New York, NY 10038 X 25 Roast Kitchen 199 Water St, New York, NY 10038 X 26 Mamam 239 Centre St, New York, NY 10013 X 27 Flour Shop 177 Lafayette St, New York, NY 10013 X 28 Troquet 155 Grand St, New York, NY 10013 X 29 109 West Broadway
  • A Clarification and Reformulation of Prevailing Approaches to Product Separability in Franchise Tie-In Sales Minn

    A Clarification and Reformulation of Prevailing Approaches to Product Separability in Franchise Tie-In Sales Minn

    University of Minnesota Law School Scholarship Repository Minnesota Law Review 1983 A Clarification and Reformulation of Prevailing Approaches to Product Separability in Franchise Tie-In Sales Minn. L. Rev. Editorial Board Follow this and additional works at: https://scholarship.law.umn.edu/mlr Part of the Law Commons Recommended Citation Editorial Board, Minn. L. Rev., "A Clarification and Reformulation of Prevailing Approaches to Product Separability in Franchise Tie- In Sales" (1983). Minnesota Law Review. 3188. https://scholarship.law.umn.edu/mlr/3188 This Article is brought to you for free and open access by the University of Minnesota Law School. It has been accepted for inclusion in Minnesota Law Review collection by an authorized administrator of the Scholarship Repository. For more information, please contact [email protected]. Notes A Clarification and Reformulation of Prevailing Approaches to Product Separability in Franchise Tie-In Sales Contractual agreements that require franchise holders' to buy specified products from the franchisor, or from a source ap- proved by the franchisor, may constitute illegal tie-in sales under section 1 of the Sherman Antitrust Act.2 A tie-in sale oc- curs when a seller conditions the purchase of one product,3 the 1. Franchise systems vary greatly, but most contain the following four el- ements: (1) the franchise is a legally independent member of the franchising system, although the franchise may be economically dependent on the franchisor; (2) the franchise business is operated with the advantage of the franchisor's name and standardization accruing to the franchisee; (3) the franchise system is developed for the express purpose of marketing the franchisor's products or services; and (4) a formal agreement exists that calls for a continuing, although not necessarily indeterminate, relationship between the franchisor and the franchisee.
  • Roark Capital Group Scoops up Carvel Ice Cream Brand in Deal with Investcorp

    Roark Capital Group Scoops up Carvel Ice Cream Brand in Deal with Investcorp

    Contact: Scott Pressly Todd Fogarty (Investcorp) Roark Capital Group Kekst and Company (404) 942-3535 (212) 521-4854 [email protected] [email protected] Roark Capital Group Scoops Up Carvel Ice Cream Brand in Deal with Investcorp --Roark Capital Group to gain national distribution for Carvel’s premium ice cream -­ --Growth in both franchise/food service locations and supermarket outlets to be emphasized-­ Atlanta, GA, December 10, 2001 - Roark Capital Group, a private equity firm focused on acquiring multi- unit businesses and brand management companies, has purchased a controlling interest in Carvel Corporation, a leading ice cream distributor and franchisor. Roark Capital Group purchased preferred stock that is convertible into a majority ownership stake in Carvel while Investcorp, the previous owner, invested additional equity and retained a minority position in the company. As part of the transaction, Neal Aronson, founder and president of Roark Capital Group, has become Chairman of the Board of Directors for Carvel. “Carvel has outstanding brand recognition and customer loyalty primarily in the northeast and Florida,” commented Aronson. “Our goal is to expand Carvel’s devoted and loyal following to a national audience by increasing the resources available to the company in key areas such as sales, marketing, service and research & development.” Founded in 1934, Carvel is one of the oldest and most recognizable names in the ice cream industry. In its core markets, the Carvel brand enjoys 98% brand awareness and 90% intent-repeat purchase. The company has more than 400 franchised and food service locations serving premium fountain style products including cups, cones, sundaes and shakes and over 5,000 supermarket outlets for its famous ice cream cakes.