Incredible Pizza Franchise Group, LLC (IPFG)

Shared by: vuz12598
-
Stats
views:
22
posted:
1/30/2010
language:
English
pages:
0
Document Sample
scope of work template
							                                  Incredible Pizza Franchise Group, LLC (IPFG)

                                          REQUEST FOR CONSIDERATION
                                             TO BECOME A FRANCHISEE
        Thank you for your interest in Incredible Pizza Company. Please complete the following application
 Application Process
As a prospective franchisee, please complete this franchise application and then we will set an appointment to
interview with our Franchise Representatives at Incredible Pizza Company in Springfield, Missouri.
     Application submitted by prospective franchisee
        All candidates and partners will submit a completed application to be considered.
     Financial Approval
        IPFG evaluates each application to ascertain a candidate’s financial ability to successfully capitalize an
        Incredible Pizza Family Entertainment Center (“IPFEC”). We will accept a pre-printed personal
        financial statement if you have a current one prepared. Please note (ALL APPLICANTS MUST FILL
        OUT OR PROVIDE THE FINANCIAL STATEMENT BEFORE BEING CONSIDERED)!
     Introductory Call
        Once approved, candidates will then receive an introductory call from Incredible Pizza Company
        detailing the basic information about franchising opportunities. In addition, you will receive a copy of
        the Incredible Pizza Franchise Group Franchise Disclosure Document (“FDD”).
     Detailed Call
        After a few days you will receive a call where all other questions may be addressed. When your
        questions have been answered, we will make arrangements with you to schedule a one-day trip to
        Incredible Pizza Company in Springfield, Missouri to begin to gain an understanding what is involved in
        owning an Incredible Pizza Family Entertainment Center Franchise. Candidates meet with
        representatives of the Franchise Operations to discuss facility management, construction management,
        personnel, training requirements, development goals and objectives.


 Development Process
        Franchise Agreement Signed and Franchise Fee Paid
        Site Development Form Completed
         IPFG will make arrangements to visit your site and decide if it is acceptable for an IPFEC
        Site Approved and Financing Secured
         If your site is approved, the next step is to sign a Management Agreement, Project Consulting
         Agreement and pay the appropriate fees listed in the FDD that pertains to these two agreements.
        Construction Begins
        Family Entertainment Center Approved to Open
        Pre-opening parties
        Opening Day



    For additional information regarding this application, please call 417.890-1408 extension
                    14 or send an email to franchiseinfo@incrediblepizza.com.

Incredible Pizza Company Family Entertainment Centers require a significant amount of capital to
build. All applicants must meet or exceed a minimum net worth requirement of $1.5 million
($1,500,000.00) and have liquid assets of $500,000. The cost to build is much more than this;
however there are SBA loans etc. that you may qualify for.

IPFG Franchise Application                           Page 1of 6                                         APRIL 2009
       APPLICATION FOR AN INCREDIBLE PIZZA FAMILY ENTERTAINMENT CENTER
                                  FRANCHISE
Personal Data
Full Name
                      (Last)                                   (Middle)                                           (First)
Social Security No.


Primary Residence Address

City                                                                                        State                 Zip


Telephone no.: Residence       (                               ) Daytime (if different) (                          )

If, the daytime phone no. is your work no., may we contact you at work? Y / N               Fax #: (_______________________________)

Driver’s License No.:                                                                                              State:

Date of birth                                                                               Country of Citizenship

Marital status

Name of Spouse
                               (Last)                          (Middle)                                           (First)
Social Security No.

Occupation of Spouse                                 Length of employment                                Income

Home:     Own                             Rent                               Name & Phone no. of Landlord

                                                               Length of occupancy

Last former residence
                                                               (if less five years at current address)

Own                            Rent                            Length of occupancy

Education: Degree or Last year of school completed                                                                Name of college

____________________________________________________________

Employment Background
List employment history for the past ten years, beginning with the most current:
(PLEASE ATTACH PERSONAL RESUME)
        Dates                  Company Name & Address                                       Title                                   Annual Income

          to

          to

          to

          to

          to

Current Business Affiliations other than occupation (owner, partner, officer, etc.)




IPFG Franchise Application                                                  Page 2of 6                                                              APRIL 2009
Company Data
Company Name

                                                                        Federal ID No.
                                                                                                       (As shown on tax return fillings)

Primary Address

City                                                                               State               Zip

Telephone no.:        (                            )                               Fax #: (______________________________)


Date of Incorporation                                                                                                                           State

Incorporated In


Name of Officer (1)
                      (Last)                                            (First)                                                    (Middle)


Title:                                                       Social Security No.


Name of Officer (2)
                      (Last)                                            (First)                                                    (Middle)
Title:                                                       Social Security No.


Please indicate the primary business of your company:




Other Background Information
Have you and/or any applicable partners, officers, directors, or shareholders within your business or personal affiliations ever:
a) had any administrative, criminal, or civil action alleging a violation of any franchise law, fraud, embezzlement, fraudulent conversion, restraint of
    trade, unfair or deceptive practices, misappropriation of property, or comparable allegations?
                                                    Y/N
b) been convicted of a felony or pleaded nolo contendere to a felony charge or been held liable in a civil action by final judgment or been the subject
    of a material complaint or other legal proceeding if such felony, civil action, complaint, fraud, embezzlement, fraudulent conversion, restraint of
    trade, unfair or deceptive practices, misappropriation of property, or comparable allegations?
                                                    Y/N
c) been adjudged bankrupt or reorganized due to insolvency?
                                                    Y/N
If yes to any of the above three, please explain




IPFG Franchise Application                                             Page 3of 6                                                             APRIL 2009
Franchise Information
Location preferences:                      1st
                                           2nd
                                           3rd
                                           4rd


Size Concept Desired: 90,000 to 60,000 Sq Ft ____ 60,000 to 40,000 Sq, Ft. ____ 40,000 to 20,000.00 Sq. Ft ____ 20,000 to 15,000 Sq ___.
Do you currently own/operate any other franchises?               Y/N
If yes, please indicate franchise name(s), location(s) and type of business(es)




How will you finance this franchise investment?


Please indicate proposed management structure and names of individuals responsible for the development and finance of an Incredible Pizza Company
Franchise:




All information contained herein is confidential and is strictly for the purpose of facilitating the IPFG franchise application process.

All applicants will receive consideration without regard to race, color, religion, sex or national origin.

The submission of this application does not obligate either the applicant or IPFG in any manner, nor does it imply that there is any legal or commercial
relationship between either party. IPFG reserves the sole right to approve or disapprove the Application for any reason it may determine, and in the
event that IPFG disapproves the Application, it shall have no liability to the undersigned. It is merely a preliminary procedure.

Acknowledgment is made that the information supplied by me is true and correct. I hereby authorize Incredible Pizza
Franchise Group, LLC. to obtain any information about my credit history or other information that it deems appropriate to
evaluate my suitability as a potential Incredible Pizza Company Franchisee.

Signature                                                                               Date

The application must be completed in its entirety with the following attached for franchise consideration:
a) Resume(s) which details background, work experience and other pertinent affiliations for the above mentioned individual(s).




                                                     Return Application and required attachments to:

                                                    Incredible Pizza Franchise Group, LLC
                                                            2772 South Campbell Ave
                                                              Springfield, MO 65807
                                                          Phone 417.890.1408 Ext. 14
                                                               Fax to 417.890.1635
                                                  Email to franchiseinfo@incrediblepizza.com




IPFG Franchise Application                                                 Page 4of 6                                                         APRIL 2009
Corporate Name:___________________________________________________________________________________

Address:__________________________________________________________________________________________

City _______________________________________________ State __________________ Zip __________________


                       CORPORATE, PARTNERSHIP, LP, LLP OR LLC FINANCIAL STATEMENT
If you will be purchasing an Incredible Pizza Company franchise as an individual, please complete the financial information requested below. If you will
be purchasing an Incredible Pizza Company franchise as part of a Limited Partnership (LP or LLP), Limited Liability Company (LLC), Subchapter S
Corporation (S Corp) or Corporation (C Corp), please provide the most recent balance sheet and income statement for your organization. In some
instances both personal and corporate financial statements are required. All Franchise Agreements must be signed individually and corporately.


                                                 PERSONAL FINANCIAL STATEMENT
                                  (A separate financial statement can be attached in place of this statement)

ASSETS                                                                          LIABILITIES AND NET WORTH
Cash on Hand and in Banks (Schedule 1)            $                             Notes Payable to Banks-Unsecured (Schedule 1)                $
US Government Securities (Schedule 2)             $                             Notes Payable to Banks-Secured (Schedule 1)                  $
Trade Accounts and Loans Receivable (Schedule 3) $                              Notes, Loans and Advances Payable to Relatives               $
Non-Trade Accounts and Loans Receivable                                         Notes, Loans and Advances Payable to Others                  $
(Schedule 3)                                      $
Notes Receivable-Secured (Schedule 3)             $                             Contract Accounts Unpaid                                     $
Notes Receivable-Unsecured (Schedule 3)           $                             Interest and Rents Payable                                   $
Life Insurance, Cash Surrender Value (Schedule 4) $                             Loans Against Life Insurance (Schedule 4)                    $
Stocks and Bonds-Marketable and                                                 Accounts Payable                                             $
Non-Marketable (Schedule 5)                       $
Real Estate (Schedule 6)                          $                             Taxes and Assessments Payable (Schedule 6)                   $
Automobiles-Market Value-Registered in                                          Mortgages Payable on Real Estate (Schedule 6)                $
Own Name Number of Vehicles                       $
Other Assets, Property or Investments (Itemize)   $                             Brokers’ Margin Accounts (Schedule 5)                        $
                                                  $                             Liens on Real Estate (Schedule 6)                            $
                                                  $                             Federal and State Taxes on Current Income                    $
                                                  $                             Other Indebtedness (Itemize)                                 $
                                                  $                                                                                          $
                                                  $                                                                                          $
                                                  $                                                                                          $
                                                  $                                                                                          $
                                                  $                                                                                          $
                                                  $                             Total Liabilities                                            $
                                                  $                             Net Worth                                                    $
Total Assets                                      $                             Total Liabilities and Net Worth                              $

ANNUAL SOURCE OF INCOME                                                         CONTINGENT LIABILITIES
Salary and/or Fees                                         $                    Guarantor Obligations                                        $
Bonus and Commissions                                      $                    Legal Claims                                                 $
Dividends and Interest                                     $                    Endorser or Co-Maker Obligations                             $
Real Estate Income                                         $                    Leases or Contracts                                          $
Business, Profession or Royalty Income                     $                    Liens or Special Debt                                        $
Other Income (Itemize)                                     $                    Provision for Federal or Other Taxes                         $
                                                           $                    Other Liabilities (Alimony, Child Support,
                                                                                Maintenance, etc.) (Itemize)                                 $
                                                           $                                                                                 $
Total                                                      $                    Total                                                        $




IPFG Franchise Application                                             Page 5of 6                                                             APRIL 2009
 Schedule 1 — Banking Relations
      Name and Location                 Cash                   Outstanding Loans,                     Maturity of                    Description of
          of Bank                      Balance                    Guarantees                            Loan                           Security




 Schedule 2 — Government Securities
       Description of                Market                    Face                        Maturity             Income Received            Are Securities
         Security                    Value                     Value                        Date                    Last Year                Pledged?




 Schedule 3 — Accounts, Loans and Notes Receivable - Secured and Unsecured
          Name of                  Maturity                Face               Monthly Installment                   Balance         Description of Security
           Debtor                   Date                   Value                  Payments                           Due




 Schedule 4 — Life Insurance
      Insurance           Beneficiary and        Type of            Face        Present Cash             Amount of Policy         Annual         Is Policy
      Company              Relationship           Policy           Amount      Surrender Value               Loan                Premium        Assigned?




 Schedule 5 — Stocks and Bonds
        Name of                   Number of                Face Value of                              Market          Income Received         Are Shares/
       Stock/Bond                Shares/Bonds                 Bonds                 Cost              Value               Last Year         Bonds Pledged?




 Schedule 6 — Real Estate
                                      Title in                                       Market              Balance on           Date of       Installment
          Address                  Whose Name(s)                   Cost              Value                Mortgage            Maturity        Amount




Use an additional Information Sheet if you need more space.




IPFG Franchise Application                                             Page 6of 6                                                               APRIL 2009

						
Related docs