Is B Bops' obligation to consider the applicant dependent on any specific actions by the applicant?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Trade Area".
-
- Applicant has deposited with Company the sum of $5,000 to cover certain expenses to be incurred by Company in: (i) reviewing Applicant's application for the Rights; (ii) reviewing prospective sites submitted by Applicant for approval; and (iii) providing such additional assistance or information as Company may in its discretion deem appropriate to enable Applicant to determine its interest in providing the Rights. For purposes of this Agreement, the deposit specified above shall be referred to as the "Deposit". Applicant agrees that the Deposit shall not bear interest and that it may be co-mingled with other Company funds.
-
- Company agrees that within ninety (90) days of the effective date of this Agreement (which period may be extended by Company in its sole discretion), Company will inform Applicant in writing whether Applicant will be granted the Rights. Applicant acknowledges and understands that while Company agrees to consider Applicant for the Rights, Company shall have absolute discretion in determining whether to grant the Rights to Applicant. Applicant further acknowledges that Company's determination of whether to grant the Rights to Applicant will depend on a number of factors, including, but not limited to: (i) Applicant's character and business background; (ii) Applicant's financial resources and ability to obtain acceptable financing; (iii) location of an acceptable premises for operation of the business; (iv) negotiation of an acceptable agreement for the lease or purchase of such premises; and (v) Applicant's ability to secure all necessary permits and/or licenses for operation of the business. Applicant agrees to use Applicant's best efforts during the term of this Agreement to arrange
AA/MN/04/25/25
financing, to select proposed sites to be submitted to Company for approval and to take such other actions as may be necessary to place Applicant in a position to purchase the Rights, if the Rights are granted by Company. Applicant acknowledges that Applicant shall be solely responsible for arranging all financing and selecting and securing sites acceptable to Company.
-
- APPLICANT UNDERSTANDS AND AGREES THAT NOTHING CONTAINED IN THIS AGREEMENT OBLIGATES COMPANY TO GRANT APPLICANT THE RIGHTS.
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, the company's consideration of an applicant for franchise rights is indeed dependent on specific actions by the applicant. The applicant must deposit $5,000 with B Bops to cover expenses related to reviewing the application, assessing potential sites, and providing additional assistance.
Furthermore, the applicant is expected to actively pursue financing, select potential sites for B Bops' approval, and take necessary steps to be ready to purchase the rights if B Bops grants them. The applicant bears the sole responsibility for securing financing and finding sites that meet B Bops' standards.
In summary, while B Bops agrees to consider the applicant, the ultimate decision to grant the rights is at B Bops' absolute discretion and depends on factors like the applicant's background, financial resources, site location, and ability to obtain necessary permits. The applicant's active participation in securing financing and suitable locations is crucial for B Bops to make a determination.