What is the Developer required to submit to the Company under the B Bops Development Agreement?

According to B Bops's 2025 Franchise Disclosure Document, a Developer operating under a Development Agreement is required to submit its financial statements to B Bops for review. Additionally, the Developer must consult with B Bops regarding proposals for financing the development of the Franchises. These submissions and consultations are to occur at the request of B Bops from time to time.

This requirement allows B Bops to monitor the financial health and development plans of its Developers. By reviewing financial statements, B Bops can assess the Developer's ability to meet the financial obligations of the Development Agreement, such as adhering to the development schedule. Consulting on financing proposals enables B Bops to ensure that the Developer's funding strategies align with the brand's standards and growth objectives.

For a prospective B Bops franchisee considering a Development Agreement, this means being prepared to regularly share detailed financial information with B Bops and to seek their input on financing strategies. This requirement underscores the importance of maintaining a transparent and collaborative relationship with B Bops throughout the development process. Failure to comply with these requirements could potentially lead to issues with the Development Agreement.

While the FDD excerpt specifies the submission of financial statements and consultation on financing, it does not detail the frequency, format, or specific content requirements for these submissions. A prospective franchisee should seek clarification from B Bops regarding these aspects to fully understand their obligations under the Development Agreement.