How long is the initial term of the B Bops franchise agreement?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
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- TERM. The term of this Agreement and of the nonexclusive right, license and franchise granted hereunder shall commence upon the effective date of this Agreement and shall continue until the fifteenth (15th) anniversary thereof, or until the termination of this Agreement in accordance with the provisions hereof, whichever shall first occur (hereinafter the "Term"). Franchisee agrees to operate the Franchise on a continual basis throughout the Term, subject to the terms and conditions of this Agreement. Any renewal of the Franchise shall be governed by Section 18 of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the initial term of the franchise agreement begins on the effective date of the agreement and continues until the 15th anniversary. The agreement may terminate earlier if the provisions of the agreement dictate. The franchisee must operate the franchise continually throughout the term, adhering to the agreement's terms and conditions.
This fifteen-year term is a standard length for many franchise agreements in the restaurant industry. It provides B Bops franchisees with a substantial period to establish and grow their business while also giving the franchisor a long-term commitment from its franchisees.
After the initial term, the B Bops franchise agreement can be renewed for one additional term of ten years, provided certain conditions are met. These conditions include giving written notice within a specified timeframe, being in compliance with the agreement, satisfying all monetary obligations, executing the current franchise agreement, paying a renewal fee of $5,000, and completing any required remodeling or repairs.