What is the condition that allows the Company to provide services to assist in assessing the feasibility of purchasing B Bops development rights?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Deposit on Application. To apply for purchase of development rights, you must sign and submit an Application Agreement to the Company, accompanied by a deposit of $5,000. The amount of the deposit is uniform as to all persons currently applying to purchase development rights from the Company. Upon submission of the deposit and Application Agreement, the Company will provide certain services (specified in Item 11 hereof) to assist you in assessing the feasibility of purchasing the development rights if Company determines that such rights should be granted. The Company has absolute discretion in determining whether the development rights will be granted. You will be notified by the Company in writing within ninety (90) days of submitting the Application Agreement regarding its decision to grant the development rights (unless such period is extended in the Company's discretion).
Source: Item 5 — INITIAL FEES (FDD pages 12–14)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the company will provide services to assist in assessing the feasibility of purchasing development rights if the applicant submits a $5,000 deposit along with a signed Application Agreement. These services are detailed in Item 11 of the FDD. However, B Bops retains absolute discretion in determining whether these development rights will ultimately be granted to the applicant.
The FDD states that B Bops will notify the applicant in writing of its decision regarding the development rights within ninety (90) days of receiving the Application Agreement. This period may be extended at B Bops's discretion.
If B Bops decides to grant the development rights, the $5,000 deposit will be applied toward the development fee. If B Bops denies the development rights, or if either party terminates the Application Agreement before a decision is made, a portion of the $5,000 deposit will be refunded, less certain expenses incurred by B Bops. The refund will be the deposit amount minus the lesser of $4,500 or the actual expenses incurred by B Bops, including travel, lodging, and a $100 hourly fee for office time.
The Application Agreement can be terminated by either party with written notice, which will result in a refund of the deposit, calculated as described above.