DOCSLIB.ORG

Franchise Disclosure Document Smashburger

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Franchise Disclosure Document Smashburger FRANCHISE DISCLOSURE DOCUMENT SMASHBURGER FRANCHISING LLC a Delaware Limited Liability Company 3900 East Mexico Avenue, Suite 1100 Denver, CO 80210 (303) 633-1500 www.smashburger.com [email protected] The franchise is the right to establish and operate a Smashburger restaurant featuring hamburgers, sandwiches, salads, other food items and beverages. The total investment necessary to begin operation of a Smashburger Restaurant is estimated to be $614,650 to $1,222,210. This includes $41,500 to $71,500 that must be paid to franchisor or its affiliates. If we grant you area development rights, the total investment necessary to acquire these rights is estimated to be $20,000 to $480,000 (based on a standard 2 to 25 restaurant development deal, determined by multiplying $20,000 by the total number of restaurants you agree to develop, less one), all of which must be paid to franchisor or its affiliates. See Items 5-7 of this Disclosure Document for further explanation concerning the total investment. This Disclosure Document summarizes certain provisions of your franchise 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 government 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 Smashburger Franchising LLC, 3900 East Mexico Avenue, Suite 1100, Denver, Colorado, 80210, (303) 633- 1500. The terms of your contract will govern your franchise relationship. Don’t rely on this 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. ISSUANCE DATE: March 24, 2017; as amended July 14, 2017. Smashburger Franchising LLC 2017_0307 Franchise Disclosure Document 1031.002.0267/1187719.3200594.2 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 A for information about the franchisor, or about franchising in your state. THE FRANCHISE AGREEMENT DOES 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 MULTI-UNIT DEVELOPMENT AGREEMENT AND FRANCHISE AGREEMENT REQUIRE YOU TO RESOLVE DISPUTES WITH US BY ARBITRATION OR LITIGATION ONLY IN THE STATE WHERE OUR CORPORATE HEADQUARTERS ARE LOCATED (CURRENTLY, COLORADO). OUT OF STATE ARBITRATION OR LITIGATION MAY FORCE YOU TO ACCEPT A LESS FAVORABLE SETTLEMENT FOR DISPUTES. IT MAY ALSO COST YOU MORE TO ARBITRATE OR LITIGATE WITH US IN THE STATE WHERE OUR CORPORATE HEADQUARTERS ARE LOCATED THAN IN YOUR HOME STATE. 2. THE MULTI-UNIT DEVELOPMENT AGREEMENT AND FRANCHISE AGREEMENT STATE THAT COLORADO LAW GOVERNS THESE AGREEMENTS, AND THIS LAW MAY NOT PROVIDE THE SAME PROTECTION AND BENEFITS AS LOCAL LAW. YOU MAY WANT TO COMPARE THESE LAWS. 3. UNDER SERVICING AGREEMENTS DATED MARCH 5, 2008, OUR AFFILIATES, SMASHBURGER SERVICING AND SMASHBURGER PURCHASING WILL PERFORM CERTAIN OF OUR OBLIGATIONS UNDER FRANCHISE AGREEMENTS AND MULTI- UNIT DEVELOPMENT AGREEMENTS WE ISSUE. 4. IF YOU ARE A BUSINESS ENTITY, YOUR OWNERS WILL HAVE TO GUARANTY YOUR OBLIGATIONS AND BE BOUND BY THE PROVISIONS OF OUR FRANCHISE AGREEMENT AND MULTI-UNIT DEVELOPMENT AGREEMENT. THE SPOUSES OF THE OWNERS MAY ALSO BE REQUIRED TO CONSENT TO THE GUARANTY, WHICH PLACES THE SPOUSES’ MARITAL ASSETS AT RISK. 5. THE FRANCHISOR WILL PERIODICALLY SET A MAXIMUM AMOUNT OF DEBT YOU MAY SERVICE AND A MINIMUM AMOUNT OF LIQUIDITY YOU MUST MAINTAIN. IF YOU FAIL TO COMPLY WITH THESE REQUIREMENTS, THE Smashburger Franchising LLC 2017_0307 Franchise Disclosure Document 1031.002.0267/1187719.3200594.2 FRANCHISOR MAY TERMINATE YOUR FRANCHISE AGREEMENT AND THE MULTI- UNIT DEVELOPMENT AGREEMENT AND YOU COULD LOSE YOUR INVESTMENT. 6. THE FRANCHISOR RESERVES THE RIGHT TO REQUIRE THAT YOU COMPLY WITH MAXIMUM AND MINIMUM PRICES IT SETS FOR THE GOODS AND SERVICES YOU SELL. THIS REQUIREMENT MAY REDUCE YOUR ANTICIPATED REVENUE AND NET INCOME. 7. IF YOU FAIL TO OPEN YOUR RESTAURANT WITHIN 150 DAYS OF SIGNING THE LEASE OR WITHIN 1 YEAR AFTER YOU SIGN THE FRANCHISE AGREEMENT (OR THE DEADLINE SPECIFIED IN YOUR MULTI-UNIT DEVELOPMENT AGREEMENT FOR YOUR FIRST DEVELOPED RESTAURANT, WHICHEVER IS EARLIER) THE FRANCHISOR MAY TERMINATE THE FRANCHISE AGREEMENT. 8. FAILURE TO MAINTAIN THE DEVELOPMENT SCHEDULE MAY RESULT IN LOSS OF YOUR TERRITORIAL PROTECTIONS AND TERMINATION OF THE MULTI- UNIT DEVELOPMENT AGREEMENT. 9. LIQUIDATED DAMAGES WILL BE REQUIRED IF THE FRANCHISE AGREEMENT IS TERMINATED BY US, OR BY YOU WITHOUT CAUSE. 10. THERE MAY BE OTHER RISKS CONCERNING THIS FRANCHISE. We may use the services of one or more FRANCHISE BROKERS or referral sources to assist us in selling our franchise. A franchise broker or referral source represents us, not you. If we use a franchise broker or referral source, we may pay this person a fee for selling our franchise or referring you to us. You should be sure to do your own investigation of the franchise. Effective Date: See the next page for state effective dates. Smashburger Franchising LLC 2017_0307 Franchise Disclosure Document 1031.002.0267/1187719.3200594.2 STATE EFFECTIVE DATES The following states require that the Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. This disclosure document is registered, on file or exempt from registration in the following states having franchise registration and disclosure laws, with the following effective dates: California March 29, 2017; as amended _______________ Hawaii April 4, 2017; as amended _______________ Illinois March 28, 2017; as amended July 17, 2017 Indiana March 28, 2017; as amended July 14, 2017 Maryland April 24, 2017; as amended _______________ Michigan March 24, 2017; as amended July 14, 2017 Minnesota April 25, 2017; as amended _______________ New York April 11, 2017; as amended _______________ North Dakota March 30, 2017; as amended _______________ Rhode Island March 28, 2017; as amended _______________ South Dakota May 19, 2017; as amended July 14, 2017 Virginia May 24, 2017; as amended _______________ Washington April 10, 2017; as amended _______________ Wisconsin March 27, 2017; as amended July 14, 2017 In all other states that do not require registration, the effective date of this Disclosure Document is the issuance date of March 24, 2017; as amended July 14, 2017. Smashburger Franchising LLC 2017_0307 Franchise Disclosure Document 1031.002.0267/1187719.3200594.2 THE FOLLOWING APPLY TO TRANSACTIONS GOVERNED BY MICHIGAN FRANCHISE INVESTMENT LAW ONLY THE STATE OF MICHIGAN PROHIBITS CERTAIN UNFAIR PROVISIONS THAT ARE SOMETIMES IN FRANCHISE DOCUMENTS. IF ANY OF THE FOLLOWING PROVISIONS ARE IN THESE FRANCHISE DOCUMENTS, THE PROVISIONS ARE VOID AND CANNOT BE ENFORCED AGAINST YOU. (a) A prohibition on the right of a franchisee to join an association of franchisees. (b) A requirement that a franchisee assent to a release, assignment, novation, waiver, or estoppel which deprives a franchisee of rights and protections provided in the Michigan Franchise Investment Act. This shall not preclude a franchisee, after entering into a franchise agreement, from settling any and all claims. (c) A provision that permits a franchisor to terminate a franchise prior to the expiration of its term except for good cause. Good cause 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 thereof and a reasonable opportunity, which in no event need be more than 30 days, to cure such failure. (d) A provision that permits a franchisor to refuse to renew a franchise without fairly compensating the franchisee
Load more

Recommended publications
  • Chipotle Mexican Grill: Leavening Panera Bread's Sales? Downloaded from by IP Address 192.168.160.10 on 06/27/202
    MORE INSIGHTS. MORE OFTEN. BETTER RETURNS. Richard Church [email protected] (203) 307-2581 Chipotle Mexican Grill: Leavening Panera Bread’s Sales? April 29th, 2016 DISCERN platform reveals: • Over 80% overlap between Chipotle and Panera in all regions within a 5-mile trade area • Other potential dining alternative beneficiaries from Chipotle challenges Chipotle Mexican Grill’s recent issues with food contamination and the resultant heavy losses of customers are widely known and do not appear to have ended judging by its first quarter earnings release. In its April 26 release Chipotle reported another significant decline in its same-store sales of 29.7%. Conversely, Panera reported a 6.2% increase for the same fiscal period. Key Takeaway As Chart 1 illustrates there appears to be a meaningful correlation between the trend of Chipotle’s same-store sales and Panera’s as Chipotle’s food contamination issues surfaced. This would largely be attributable to the high competition intensity between the chains as the illustrations below show. Chart 1. Chipotle & Panera Bread Comp-Store Sales Spread 30% 20% 10% CMG 0% PNRA -10% Spread -20% -30% 1Q15 2Q15 3Q15 4Q15 1Q16 Downloaded from www.hvst.com by IP address 192.168.160.10 on 09/26/2021 MORE INSIGHTS. MORE OFTEN. BETTER RETURNS. Illustration 1, which is from DISCERN’s database of retailer and restaurant locations, quantifies to what extent Chipotle and Panera overlap within their respective five mile trade area geographies. The data shows that Chipotle and Panera compete within the same five mile trade area in 86% of the total trade areas, a significant amount of restaurant overlap for 2 large competitors within the fast casual restaurant sector.
    [Show full text]
  • National Retailer & Restaurant Expansion Guide Spring 2016
    National Retailer & Restaurant Expansion Guide Spring 2016 Retailer Expansion Guide Spring 2016 National Retailer & Restaurant Expansion Guide Spring 2016 >> CLICK BELOW TO JUMP TO SECTION DISCOUNTER/ APPAREL BEAUTY SUPPLIES DOLLAR STORE OFFICE SUPPLIES SPORTING GOODS SUPERMARKET/ ACTIVE BEVERAGES DRUGSTORE PET/FARM GROCERY/ SPORTSWEAR HYPERMARKET CHILDREN’S BOOKS ENTERTAINMENT RESTAURANT BAKERY/BAGELS/ FINANCIAL FAMILY CARDS/GIFTS BREAKFAST/CAFE/ SERVICES DONUTS MEN’S CELLULAR HEALTH/ COFFEE/TEA FITNESS/NUTRITION SHOES CONSIGNMENT/ HOME RELATED FAST FOOD PAWN/THRIFT SPECIALTY CONSUMER FURNITURE/ FOOD/BEVERAGE ELECTRONICS FURNISHINGS SPECIALTY CONVENIENCE STORE/ FAMILY WOMEN’S GAS STATIONS HARDWARE CRAFTS/HOBBIES/ AUTOMOTIVE JEWELRY WITH LIQUOR TOYS BEAUTY SALONS/ DEPARTMENT MISCELLANEOUS SPAS STORE RETAIL 2 Retailer Expansion Guide Spring 2016 APPAREL: ACTIVE SPORTSWEAR 2016 2017 CURRENT PROJECTED PROJECTED MINMUM MAXIMUM RETAILER STORES STORES IN STORES IN SQUARE SQUARE SUMMARY OF EXPANSION 12 MONTHS 12 MONTHS FEET FEET Athleta 46 23 46 4,000 5,000 Nationally Bikini Village 51 2 4 1,400 1,600 Nationally Billabong 29 5 10 2,500 3,500 West Body & beach 10 1 2 1,300 1,800 Nationally Champs Sports 536 1 2 2,500 5,400 Nationally Change of Scandinavia 15 1 2 1,200 1,800 Nationally City Gear 130 15 15 4,000 5,000 Midwest, South D-TOX.com 7 2 4 1,200 1,700 Nationally Empire 8 2 4 8,000 10,000 Nationally Everything But Water 72 2 4 1,000 5,000 Nationally Free People 86 1 2 2,500 3,000 Nationally Fresh Produce Sportswear 37 5 10 2,000 3,000 CA
    [Show full text]
  • Mary C. Egan and Drew Madsen Appointed to Noodles & Company
    September 25, 2017 Mary C. Egan and Drew Madsen Appointed to Noodles & Company Board of Directors BROOMFIELD, Colo., Sept. 25, 2017 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS) today announced the appointment of Mary C. Egan and Drew Madsen as independent members of its Board of Directors effective September 22, 2017. Ms. Egan was also appointed to the Audit Committee of the Board of Directors. "We are pleased to announce the addition of two talented individuals to our Board of Directors," said Paul Murphy, Executive Chairman of Noodles & Company. "Both Mary and Drew are proven leaders, with significant strategic and operational experience in consumer-centric growth strategy and execution. We believe they will be invaluable resources to our entire organization as we focus on improving the performance and profitability of Noodles & Company." Ms. Egan co-founded and currently serves as CEO of Gatheredtable, a profitable consumer SaaS company offering customized meal planning. Prior to Gatheredtable, Ms. Egan served as Head of Global Strategy and Corporate Development at Starbucks, where she partnered with the senior leadership team to develop and execute corporate strategy, and led many successful strategic initiatives focusing on cost reduction, developing markets, digital, and food. Before joining Starbucks, Ms. Egan was a Managing Director at The Boston Consulting Group where she partnered with CEO's and boards of leading consumer brands to conceive and successfully drive aggressive growth strategies. While at BCG, she was a frequent global speaker on consumer-centric growth, and was featured in many news outlets, including The Wall Street Journal and The New York Times.
    [Show full text]
  • Panera Bread Co
    Hospitality Review Volume 23 Article 4 Issue 1 Hospitality Review Volume 23/Issue 1 January 2005 Who Shook Big Mac?: Panera Bread Co. Kyuho Lee Virginia Polytechnic Institute and State University, [email protected] Melih Madanoglu Virginia Polytechnic Institute and State University, [email protected] Follow this and additional works at: https://digitalcommons.fiu.edu/hospitalityreview Part of the Hospitality Administration and Management Commons Recommended Citation Lee, Kyuho and Madanoglu, Melih (2005) "Who Shook Big Mac?: Panera Bread Co.," Hospitality Review: Vol. 23 : Iss. 1 , Article 4. Available at: https://digitalcommons.fiu.edu/hospitalityreview/vol23/iss1/4 This work is brought to you for free and open access by FIU Digital Commons. It has been accepted for inclusion in Hospitality Review by an authorized administrator of FIU Digital Commons. For more information, please contact [email protected]. Who Shook Big Mac?: Panera Bread Co. Abstract The uthora s identify the firm-specific orc e competencies that Panera Bread has relied on to achieve a competitive advantage in its business domain. The tudys illustrates how the company scans the dynamically changing environments and tailors their products and services in accordance with these changes. This article is available in Hospitality Review: https://digitalcommons.fiu.edu/hospitalityreview/vol23/iss1/4 Who shook Big Mac?: Panera Bread Co. by Kyuho Lee and Melih Madanoglil The authorr identi3 thefirm-per.~fir McDonald's Corporation, a company core competencier that Paizera Bread ha that has been in business since the relied on to achieve a comperitive 1950, reported irs historic firsr advantage in itr burinerr domain.
    [Show full text]
  • Restaurant Trends App
    RESTAURANT TRENDS APP For any restaurant, Understanding the competitive landscape of your trade are is key when making location-based real estate and marketing decision. eSite has partnered with Restaurant Trends to develop a quick and easy to use tool, that allows restaurants to analyze how other restaurants in a study trade area of performing. The tool provides users with sales data and other performance indicators. The tool uses Restaurant Trends data which is the only continuous store-level research effort, tracking all major QSR (Quick Service) and FSR (Full Service) restaurant chains. Restaurant Trends has intelligence on over 190,000 stores in over 500 brands in every market in the United States. APP SPECIFICS: • Input: Select a point on the map or input an address, define the trade area in minute or miles (cannot exceed 3 miles or 6 minutes), and the restaurant • Output: List of chains within that category and trade area. List includes chain name, address, annual sales, market index, and national index. Additionally, a map is provided which displays the trade area and location of the chains within the category and trade area PRICE: • Option 1 – Transaction: $300/Report • Option 2 – Subscription: $15,000/License per year with unlimited reporting SAMPLE OUTPUT: CATEGORIES & BRANDS AVAILABLE: Asian Flame Broiler Chicken Wing Zone Asian honeygrow Chicken Wings To Go Asian Pei Wei Chicken Wingstop Asian Teriyaki Madness Chicken Zaxby's Asian Waba Grill Donuts/Bakery Dunkin' Donuts Chicken Big Chic Donuts/Bakery Tim Horton's Chicken
    [Show full text]
  • 11 Steps for Eating out With
    EATING WITH FCS 11 Steps for Eating Out with FCS These ‘eating out’ tips will help make dinner parties, restaurant dining, company events, and other social eating situations less of a challenge for people with familial chylomicronemia syndrome. Before you dine out: While dining out: 10. Stay hydrated. And stay away from certain beverages Call ahead to get Make informed decisions Drinking plenty of water may not only nutrition facts and take control decrease the occurrence and severity of pancreatitis, but will also help keep 1. Find out what’s on the menu or 5. Share FCS wallet card w/ servers you feeling full. On the other hand, being served Let them know that you can get sick alcohol, sugary soft drinks, and fruit Ask the person in charge of an event if you eat any fat – or tell them you are juice may cause increases in or dinner party or check to see if the allergic to fat. triglycerides, so avoid those. restaurant has a menu posted online. Some provide nutrition facts on their 6. Skip items with FCS danger words After dining out: Take website. Words like fried, crispy, breaded, sautéed, in a butter sauce, au gratin, a moment to reflect 2. See if you can make special food and creamy indicate high-fat foods – preparation requests stay away from these food items. 11. Use this experience to make Don’t assume family, friends, or chefs the next one even better will make changes on the fly, though. 7. Narrow choices down to Think about what you enjoyed and Ask and confirm before you get there.
    [Show full text]
  • Downtown Grand Rapidsdining Guide
    DOWNTOWN GRAND RAPIDS DINING GUIDE 1 Angel’s Thai Cafe H-5 1 2 3 4 5 6 7 8 2 Apartment Lounge I-7 88 13 3 B.O.B.’s Brewery J-4 Attractions 4 Bagger Dave’s J-3 C Gerald R. Ford Museum A A 5 Bar Divani J-5 D DeVos Place LEONARD 6 Bartertown Diner J-8 G DeVos Performance Hall A 7 Bentham’s Riverfront Restaurant H-4 L Grand Rapids Public Museum ONROE 8 Big Boy Restaurant - Pearl Street H-1 IONI M P Grand Rapids Art Museum 9 Big O’s Cafe I-5 T The B.O.B. 10 Biggby Coffee H-5 V Civic Theatre 11 Bistro Bella Vita K-4 W Grand Rapids Children’s Museum B B 12 Bobarino’s at The B.O.B. J-4 N 38 Y Van Andel Arena 13 Brann’s Steakhouse & Grille A-1 MASON Z Urban Institute of Contemporary Arts 14 Buffalo Wild Wings J-5 DIVISIO BB Downtown Market 15 Bull’s Head Tavern H-5 SIXTH STREET NEWBERRY 16 Burger King H-1 Hotels 86A 17 CC Cafe F-5 M Amway Grand Plaza Hotel 18 Charley’s Crab Restaurant K-3 86B B K Holiday Inn Downtown FOUR A C 19 Cinco De Mayo I-5 C TH ST AWA N JW Marriott Grand Rapids T 20 CitySen Lounge I-5 IONI E 68 OT S Courtyard by Marriott Downtown 21 Cornucopia at the Plaza H-4 A TROWBRIDGE U CityFlats Hotel 22 Cult Pizza J-8 ONRO M 23 Cygnus 27 H-4 P 24 Donk’s Mexican Joint H-5 77B 25 Flanagan’s Irish Pub H-5 D 26 Founders Brewing Co.
    [Show full text]
  • Chipotle Mexican Grill and Panera Bread 777 South Federal Highway | Deerfield Beach, FL 33441
    NW Subject Property Chipotle Mexican Grill and Panera Bread 777 South Federal Highway | Deerfield Beach, FL 33441 Brand New Construction Two-Tenant Retail Strip Center | Brand New 10 Year Lease | Rare, Fort Lauderdale Metro Acquisition Opportunity | 10% Rental Escalations Every 5 Years | Directly on N Federal Highway (39,682 VPD) | NNN Leases Confidentiality and Restricted Use Agreement Offered Exclusively by This Confidential Offering Memorandum (“COM”) is provided by Stan Johnson Company (“SJC”), solely for your Brad Feller consideration of the opportunity to acquire the commercial property described herein (the “Property”). This COM Senior Director may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without [email protected] prior written authorization and consent of SJC. P: +1 312.240.0194 This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This Isaiah Harf COM contains descriptive materials, financial information and other data compiled by SJC for the convenience Director of parties who may be interested in the Property. Such information is not all inclusive and is not represented to [email protected] include all information that may be material to an evaluation of the acquisition opportunity presented. SJC has P: +1 312.777.2437 not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation Blaise Bennett and/or financial information contained herein are qualified in their entirety by reference to the actual documents Associate and/or financial statements, which upon request may be made available.
    [Show full text]
  • Agenda Item 7
    Item Number: AGENDA ITEM 7 TO: CITY COUNCIL Submitted By: Douglas D. Dumhart FROM: CITY MANAGER Community Development Director Meeting Date: Subject: Conceptual Review of a Proposal for the July 19, 2011 Development of a Chase Bank at 5962 La Palma Avenue RECOMMENDATION: It is recommended that the City Council conceptually approve a proposal for the development of a Chase Bank at 5962 La Palma Avenue and direct staff to draft a Zoning Code Text Amendment and Development Agreement for further consideration. SUMMARY: The City has received a letter from Studley, the real estate brokerage firm representing the property owner at 5962 La Palma Avenue, requesting that the City consider the development of a JP Morgan Chase Bank on their property. The letter is provided as Attachment 1 to this report. The site is located at the southwest corner of Valley View Street and La Palma Avenue and has been vacant for over 10 years. Late last year, the subject parcel was rezoned from Neighborhood Commercial (NC) to Planned Neighborhood Development (PND) land use designation, which prohibits financial institutions and banks. The Broker has stated that they have exhausted attempts to find end users for his client’s property that are consistent with the goals of the new PND Zone and that meet the needs of his client. They have a ground lease offer from Chase to develop a free-standing bank. The financial institution use alone does not meet the requirements in the PND Zoning District to develop the commercial corner with retail uses that are lacking in the community.
    [Show full text]
  • Panera Bread and Au Bon Pain) and One on the West Cream Or Cheese
    BY BONNIE LIEBMAN & JAYNE HURLEY cDonald’s is losing money. Last December, the fast- PANS Mfood giant posted its first quarterly loss since the com- ■ Turkey Artichoke Panini Sandwich. “Inspired by Italy, panini are sandwiches with fresh ingredients held between pany went public in 1965. Among the many explanations hearty bread and pressed on a hot grill,” says the menu. But both of Panera’s paninis have too much saturated fat (most- was one to make a nutritionist’s heart go all aflutter: “Time- ly from their cheese). The healthy-sounding Turkey pressed customers may increasingly be calorie- and fat-con- Artichoke Panini, for example, has as much saturated fat as a McDonald’s Big Mac (11 grams), but far more calories (850 scious and pickier about service and lifestyle issues…” ven- vs 590) and sodium (2,550 mg vs 1,090 mg). And that’s not tured The Washington Post. counting the potato chips that are served on the side. ■ Asiago Roast Beef Signature Sandwich. The Asiago As the fast-food chains stumble, what the industry calls “fast Roast Beef has 960 calories, 52 grams of fat (24 of them sat- casual” restaurants are gaining ground. No burger-and-fries urated), and 2,140 mg of sodium, not including the pickle spear and chips. That’s a Burger King Double Whopper, or buckets of chicken for these new upscale kids on the block. except the Roast Beef has twice as much sodium. Instead, you can order fast soups, salads, and sandwiches (or ■ Broccoli Cheddar Soup. The worst soup at Panera is one of a handful that are available every day.
    [Show full text]
  • QDOBA to Open First Restaurant in Hometown Evonexus DINING: Growing San Diego-Based National Chain Has 730 Locations Debuts 5G Incubator TECH: Qualcomm Backs Program
    SDBJ.COM SANDIEGO BUSINESSJOURNAL Vol 41. No. 30 ------------------ THE COMMUN ITV OF BUS IN ES S"' ------------ July 27 - August 2. 2020 • $5.00 QDOBA to Open First Restaurant in Hometown EvoNexus DINING: Growing San Diego-Based National Chain Has 730 Locations Debuts 5G Incubator TECH: Qualcomm Backs Program ■ BY BRAD GRAVES an Diego startup incubator Evo ex­ us launched a program earlier this month to help very young compani develop bu in models around the speedy new fifth-generation wire! data standard known a 5 . Qualcomm lnc. an Diego s largest public company and the inventor of much 5G technology is sponsoring the EvoN­ exu program. inancial detai ls of the arrangement were not disclosed. Photo courtesyof QDOBA Mexican Eats 5G promis to send data between wire­ QDOBA Mexican Eats will open Its first San Diego restaurant this fall. les devic up to 20 tim faster than pre­ Scheduled to debut in the fall, the Mis­ Additionally, the San Diego restaurant, at vious-generation technology exchanging ■ BY MARIEL CONCEPCION sion Valley company-owned locaion will 2,400 square feet and suitablyfor the pan­ + 5Gpage36 includeall of the QDOBA bells and whis­ demic, will featurea walk-up, pick-upwin­ QDOBA Mexican Eats, the San Di­ tles, according to Jill Adams , vice presi­ dow, outdoor dining and a curbsideoption ego-basedfast-casual Mexican food chain dent of marketing, including digital or­ that allows for orders to be dropped off with 730 locations across 47 states and dering and delivery on the QDOBA site with customersat theirparked cars , she said. Housing Market Canada, is finally opening its first home­ and mobile app, third party delivery and + QDOBA page 34 town restaurant.
    [Show full text]
  • 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.
    [Show full text]