How must the B Bops development fee be paid?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
o negotiate.
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- If Company, in its sole discretion, determines to grant the Rights to Applicant, the Deposit shall be credited toward the amount required to be paid by Applicant as the initial
franchise fee or the development fee (whichever shall be applicable). If Company determines that the Rights will not be granted to Applicant, or if either party terminates this Agreement, Applicant shall be entitled to a refund (upon return of all confidential information) equal to the Deposit minus the lesser of: (i) Four Thousand Five Hundred Dollars ($4,500); or (ii) the actual expenses incurred by Company in providing the services identified in Section 2 hereof. For purposes of this Section 7, "actual expenses" shall be deemed to include all travel, lodging and other living expenses reasonably incurred by Company personnel, any other out of pocket expenses incurred by Company hereunder and a one hundred dollar ($100.00) per hour charge for office time spent reviewing information submitted by Applicant or preparing information to be furnished to Applicant. Company shall forward any refund to Applicant within ten (10) days after Applicant has returned all confidential information to Company. Failure to return any confidential information shall result in forfeiture of the entire Deposit and in such other action as Company may in its discretion
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
Based on the 2025 B Bops Franchise Disclosure Document, if B Bops decides to grant development rights to an applicant, the deposit paid by the applicant will be credited towards the initial franchise fee or the development fee, whichever is applicable. If B Bops decides not to grant the rights, or if either party terminates the agreement, the applicant is entitled to a refund of the deposit. The refund will be the deposit amount minus the lesser of $4,500 or the actual expenses incurred by B Bops for services provided, such as travel, lodging, and a $100 per hour charge for office time spent reviewing or preparing information for the applicant. The refund will be issued within ten days after the applicant returns all confidential information to B Bops. Failure to return the confidential information results in forfeiture of the entire deposit.