What is the timeframe a B Bops franchisee must provide written notice to renew their franchise?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Agreement.
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- RENEWAL 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 has the option to renew their franchise agreement for an additional ten-year term. To exercise this option, the franchisee must provide B Bops with written notice of their intent to renew. This notice must be given no less than six months and no more than twelve months before the expiration of the current franchise term.
This timeframe is crucial for franchisees to keep in mind, as missing the notification window could result in losing the opportunity to renew their franchise. It also allows B Bops ample time to assess the franchisee's compliance with the franchise agreement and to prepare the necessary renewal documents.
In addition to providing timely notice, the franchisee must also be in good standing with B Bops to qualify for renewal. This includes being in compliance with all material provisions of the franchise agreement, fulfilling all monetary obligations, and executing the current standard franchise agreement. The franchisee may also be required to perform remodeling or repairs to ensure the restaurant meets current brand standards, and pay a $5,000 renewal fee.