WETZEL’S PRETZELS FDD Summary
Type of Business
The franchised business is the operation of one or more bakeries specializing in hand rolled soft fresh-baked pretzels.
We were organized in California on August 7, 1995. Our principal business office is at 35 Hugus Alley, Suite 300, Pasadena, CA 91103. In 2007, by means of a merger into us of a subsidiary of our purchaser, we were acquired by Pretzel Holding Corporation, a wholly owned subsidiary of Pretzel Parent Holding Corporation, both Delaware corporations. Pretzel Holding Corporation, our parent, is now our sole member. Levine Leichtman, an investment company, is the controlling shareholder of Pretzel Parent Holding Corporation. The principal address of all three companies is 335 North Maple Drive, Suite 240, Beverly Hills, CA 90210.
The total investment necessary to begin operation of a WETZEL’S PRETZELS® Bakery ranges from $156,300 to $370,950. This includes approximately $38,100 that must be paid to the franchisor. If Wetzel’s Pretzels grants you a license to operate a Remote Mobile Unit under a Remote Mobile Unit Addendum to your Franchise Agreement, you will also pay it a fee of $5,000 for a Remote Mobile Unit.