Is the renewal fee for a B Bops franchise refundable?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
franchises;
- E. Franchisee pays to Company a nonrefundable renewal fee of Five Thousand Dollars ($5,000) payable in full upon execution of the then current fr
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the renewal fee is not refundable. To renew the franchise for an additional ten-year term, a franchisee must pay B Bops a nonrefundable renewal fee of $5,000. This fee is payable in full upon the execution of the then-current franchise agreement.
This means that once the franchisee pays the $5,000 renewal fee and signs the renewal agreement, the franchisee cannot get that money back, regardless of any subsequent issues or decisions not to proceed with the renewal. This is a standard practice in franchising, as the franchisor incurs costs in reviewing the renewal application and preparing the renewal agreement.
As a prospective B Bops franchisee, it's important to factor this nonrefundable fee into your financial planning when considering the long-term prospects of the franchise. You should be confident in your decision to renew before paying the fee, as there are no provisions for refunds.