What are the terms and conditions for a B Bops franchise renewal based on?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
WAL OF FRANCHISE. The Franchise granted hereunder may be renewed at the option of Franchisee upon the expiration of the Term of this Agreement for one (1) additional ten (10) year term upon the same terms and conditions as for initial franchises being offered by Company at the time of such expiration, provided that:
- A. Franchisee gives Company written notice of its election to renew not less than six (6) months, nor more than twelve (12) months, prior to the expiration of the Term;
- B. Franchisee, when notice is given and at the time of renewal, is not in breach of any material provision of this Agreement, or of any other agreement between Franchisee and Company or any affiliate thereof, and has substantially complied with the material terms and conditions of this Agreement and all such other agreements during the Term hereof;
- C. All monetary obligations owed to Company or any affiliate thereof have been satisfied prior to renewal;
- D. Franchisee executes Company's standard form of franchise agreement being utilized by Company on the date of renewal to grant new B-Bop's Restaurant 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 franchise agreement;
- F. Franchisee performs such remodeling, repairs and/or redecoration as Company may reasonably require to cause the Franchise Premises and the equipment, fixtures, furniture, signs and other improvements to conform with the specifications being used for new B-Bop's Restaurants being franchised on th
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, a franchisee can renew their franchise for one additional 10-year term if they meet certain conditions. To renew the franchise, the franchisee must provide B Bops with written notice of their intent to renew the franchise no less than six months and no more than twelve months before the current term expires.
At the time of giving notice and at the time of renewal, the franchisee must be in compliance with all agreements with B Bops and its affiliates. This means the franchisee cannot be in breach of any agreement and must have substantially complied with all terms and conditions during the current term. Additionally, all monetary obligations owed to B Bops or its affiliates must be satisfied before the renewal can be granted.
The franchisee must execute B Bops's then-current standard franchise agreement for new franchises and pay a non-refundable renewal fee of $5,000 upon execution of the new franchise agreement. The franchisee is also responsible for performing any remodeling, repairs, or redecoration that B Bops deems necessary to bring the franchise premises up to the standards of new B Bops restaurants. Finally, the franchisee must provide a general release of claims against B Bops and provide assurance of possession of the franchise premises for the renewal term, potentially needing to secure an alternative site approved by B Bops.