What is the Print Out Applications form for?
The Print Out Applications form is specifically designed for individuals and corporate applicants seeking to apply for an Arby's franchise. This application collects essential personal and professional details to assess the suitability of potential franchisees.
Who needs to complete the application?
All individual equity partners with an ownership interest in the franchise must complete the application. If the applicant is a corporation, key personal details of the corporate entities involved must also be provided.
What information is required on the application?
The application requires detailed personal information, such as name, Social Security number, date of birth, and contact details. It also necessitates professional background, financial information, and details regarding any previous business or franchise experience. Applicants must provide information about their investment plan, business structure, and any potential partners.
What are the financial requirements to apply?
To gain credit approval for an Arby's Franchise Agreement, applicants must demonstrate a minimum of $500,000 in verified liquid assets and a net worth of at least $1 million. Documentation like bank statements from the last 90 days is essential to validate this information.
How should I submit the completed application?
After completing the application and signing it, applicants should print the document and submit it by mailing it to Arby’s Restaurant Group, Inc. at the specified address. It is also possible to send a fax to 678-514-5346, but the original must be mailed as well.
What happens if I have a prior bankruptcy or felony conviction?
Applicants must disclose any past bankruptcies, felony convictions, or other legal issues within the application. While these factors won't automatically disqualify an applicant, they may influence the approval process and require further explanation during review.
Can I attach my resume to the application?
Yes, attaching a resume is highly encouraged. The resume can provide additional context regarding your professional background, relevant experience, and skills that may support your application.
What information is needed regarding my business partners?
If you plan to include business partners in your franchise venture, their names and addresses must be listed in the application. Furthermore, each partner is required to fill out a separate application as part of the overall submission process.
Is there a specific way to fill out the financial sections?
When entering financial information into the application, applicants must avoid using any spaces, commas, or symbols. For example, if declaring $20,000, it should simply be entered as 20000. This ensures clarity and accuracy in assessing financial status.