UFOC
The original documents were scanned as an image. The original file can be downloaded at the link above.
Sample UFOC
Zero's Subs UFOC 2005
FRANCHISE OFFERING CIRCULAR FOR PROSPECTIVE FRANCHISEES
ZERO'S MR. SUBMARINE, INC.
(a Delaware corporation)
2859 Virginia Beach Blvd. Suite 105
Virginia Beach, VA 23452 Telephone: (757) 486-8338 Facsimile: (757) 486-9755
The Franchisee will establish and operate a Zero's Subs family oriented quick service restaurant specializing in a wide" variety of hot oven-baked submarine sandwiches, pizza, salads and other food and beverage products. The Initial Franchise Fee to operate a single Franchised Business is $20,000 (see ITEM 5). The estimated initial investment required for a single Franchised Business ranges from approximately $122,680 to $172,300 (see ITEM 7).
RISK FACTORS:
1. THE FRANCHISE AGREEMENT PERMITS THE FRANCHISEE TO ARBITRATE WITH ZERO'S ONLY IN VIRGINIA. OUT OF STATE ARBITRATION MAY FORCE YOU TO ACCEPT A LESS FAVORABLE SETTLEMENT FOR DISPUTES. IT MAY ALSO COST YOU MORE TO ARBITRATE WITH ZERO'S IN VIRGINIA THAN IN YOUR HOME STATE.
2. THE FRANCHISE AGREEMENT STATES THAT VIRGINIA LAW GOVERNS THE AGREEMENT, AND THE LAW MAY NOT PROVIDE THE SAME PROTECTIONS AND BENEFITS AS LOCAL LAW. YOU MAY WANT TO COMPARE THESE LAWS.
3. THERE MAY BE OTHER RISKS CONCERNING THIS FRANCHISE.
Information about comparisons of Franchisors may be available. Call the state administrators listed in Exhibit D or your public library for sources of information. Registration of this information about comparisons of Franchisors may be available.
Registration of this franchise by a state does not mean that the state recommends it or has verified the information in this Franchise Offering Circular. If you learn that anything in this Franchise Offering Circular is untrue, contact the Federal Trade Commission and the Division of Securities and Retail Franchising of the State Corporation listed in Exhibit D.
Zero's Subs UFOC 2005
FRANCHISE OFFERING CIRCULAR FOR PROSPECTIVE FRANCHISEES (MARYLAND)
ZERO'S MR. SUBMARINE, INC.
(a Delaware corporation)
2859 Virginia Beach Blvd. Suite 105
Virginia Beach, VA 23452 Telephone: (757) 486-8338 Facsimile: (757) 486-9755
The Franchisee will establish and operate a Zero's Subs family oriented quick service restaurant specializing.in a wide.yariety of hot oven-baked submarine sandwiches, pizza, salads and other food and beverage products. The Initial Franchise Fee to operate a single Franchised Business is $15,000 (see ITEM 5). The estimated initial investment required for a single Franchised Business ranges from approximately $117,680 to $167,300 (see ITEM 7).
RISK FACTORS:
1. THE FRANCHISE AGREEMENT PERMITS THE FRANCHISEE TO ARBITRATE WITH ZERO'S ONLY IN VIRGINIA. OUT OF STATE ARBITRATION MAY FORCE YOU TO ACCEPT A LESS FAVORABLE SETTLEMENT FOR DISPUTES. IT MAY ALSO COST YOU MORE TO ARBITRATE WITH ZERO'S IN VTRGINIA THAN IN YOUR HOME STATE. THIS PROVISION MAY BE SUPERCEDED BY MARYLAND LAW. SEE MARYLAND ADDENDUM TO FRANCHISE AGREEMENT.
2. THE FRANCHISE AGREEMENT STATES THAT VTRGINIA LAW GOVERNS THE AGREEMENT, AND THE LAW MAY NOT PROVIDE THE SAME PROTECTIONS AND BENEFITS AS LOCAL LAW. YOU MAY WANT TO COMPARE THESE LAWS. THIS PROVISION MAY BE SUPERCEDED BY MARYLAND LAW. SEE MARYLAND ADDENDUM TO FRANCHISE AGREEMENT.
3. THERE MAY BE OTHER RISKS CONCERNING THIS FRANCHISE.
Information about comparisons of Franchisors may be available. Call the state administrators listed in Exhibit D or your public library for sources of information. Registration of this information about comparisons of Franchisors may be available.
Registration in the State of Maryland is not approval, recommendation, or endorsement by the Commissioner. Registration of this franchise by a state does not mean that the state recommends it or has verified the information in this Franchise Offering Circular. If you learn that anything in the Franchise Offering Circular is untrue, contact the Federal Trade Commission and the Maryland Securities Commissioner, Office of the Attorney General, Division of Securities, 200 St. Paul Place, Baltimore, MD 21202 (410) 576-7042.
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Zero's Subs UFOC 2005
FRANCHISE DISCLOSURE DOCUMENT FOR PROSPECTIVE FRANCHISEES REQUIRED BY THE COMMONWEALTH OF VIRGINIA
Zero's Mr. Submarine, Inc., a Delaware corporation 2859 Virginia Beach Blvd. Ste 105 Virginia Beach, VA 23452 Telephone Number (757) 486-8338
The Franchisee will establish and operate a Zero's Subs family oriented quick service restaurant specializing in a wide variety of hot oven-baked submarine sandwiches, pizza, salads and other food and beverage products. The Initial Franchise Fee to operate a single Franchised Business is $20,000. The estimated initial investment required for a single Franchised Business ranges from approximately $122,680 to $172,300. Prospective Franchisees should consult ITEMS 5, 6 and 7 of this Franchise Offering Circular for further information regarding the investment. The initial cash investment does not represent a Franchisee's total investment. No one may offer or sell -':. - - these-franchises in the. Commonwealth of Virginia other than the registered sales representatives of the Franchisor.
The Effective Date of this Franchise Offering Circular (FOC) in Virginia is December 8,2005.
RISK FACTORS:
1. THE FRANCHISE AGREEMENT PERMITS THE FRANCHISEE TO ARBITRATE WITH ZERO'S ONLY IN VIRGINIA. OUT OF STATE ARBITRATION MAY FORCE YOU TO ACCEPT A LESS FAVORABLE SETTLEMENT FOR DISPUTES. IT MAY ALSO COST YOU MORE TO ARBITRATE WITH ZERO'S IN VDIGINIA THAN IN YOUR HOME STATE.
2. THE FRANCHISE AGREEMENT STATES THAT VIRGINIA LAW GOVERNS THE AGREEMENT, AND THE LAW MAY NOT PROVEDE THE SAME PROTECTIONS AND BENEFITS AS LOCAL LAW. YOU MAY WANT TO COMPARE THESE LAWS.
3. THERE MAY BE OTHER RISKS CONCERNING THIS FRANCHISE.
Franchisor's registered agent authorized to receive service of process is the Clerk of the State Corporation Commission, 1300 E. Main Street, Richmond, Virginia 23219.
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Zero's Subs UFOC 2005
TABLE OF CONTENTS
ITEM PAGE ITEM 1 - THE FRANCHISOR, ITS PREDECESSORS AND AFFILIATES......................................................1
ITEM 2 - BUSINESS EXPERIENCE.......................................................................................................................3
ITEM 3 - LITIGATION.............................................................................................................................................4
ITEM 4 - BANKRUPTCY.........................................................................................................................................4
ITEM 5 - INITIAL FRANCHISE FEE.....................................................................................................................5
ITEM 6 - OTHER FEES............................................................................................................................................5
ITEM 7 - INITIAL INVESTMENT..........................................................................................................................9
ITEM 8 -RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES...............................................11
ITEM 9 - FRANCHISEE'S OBLIGATIONS.........................................................................................................14
ITEM 10 - FINANCING..........................................................................................................................................15
ITEM 11 - FRANCHISOR'S OBLIGATIONS......................................................................................................15
ITEM 12 - TERRITORY.........................................................................................................................................20
ITEM 13 - TRADEMARKS.....................................................................................................................................20
ITEM 14 - PATENTS, COPYRIGHTS AND PROPRD2TARY INFORMATION............................................22
ITEM 15 - OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION_OF THE FRANCHISED BUSINESS.................................................................................................................................................................23
ITEM 16 - RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL.....................................................24
ITEM 17 - RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION...............................24
ITEM 18 - PUBLIC FIGURES................................................................................................................................26
ITEM 19 - EARNINGS CLAIMS............................................................................................................................26
ITEM 20 - LIST OF OUTLETS..............................................................................................................................26
ITEM 21 - FINANCIAL STATEMENTS...............................................................................................................28
ITEM 22 - CONTRACTS........................................................................................................................................28
ITEM23-RECED?T...............................................................................................................................................29
EXHD3IT A - ZERO'S SUBS.FRANCHISE AGREEMENT
EXHIBIT B - CONFIDENTIALITY AGREEMENT
Zero's Subs UFOC 2005
EXHIBIT C - LIST OF FRANCHISEES
EXHD3IT D -LIST OF STATE ADMTNISTRATORS.AND AGENTS FOR SERVICE OF PROCESS
EXHIBIT E - FINANCIAL STATEMENTS
EXHIBIT F - AREA REPRESENTATIVE INFORMATION
EXHD3IT G - STATE SPECIFIC ADDENDA
EXHIBIT H - FRANCHISEE CLOSING QUESTIONNAIRE
EXHIBIT I - ACKNOWLEDGMENT OF RECEIPT
..... -■ - . *...* .*.*,.*........................
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The original documents were scanned as an image. The original file can be downloaded at the link above.