What is the definition of a 'Major Office Building' for a Bananas Smoothies Frozen Yogurt franchise?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
- C.
A Major Office Building shall be deemed to mean an office building in which there is in excess of one hundred thousand (100,000) square feet of gross leasable space, whether retail or non-retail.
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, a Major Office Building is defined based on its size. Specifically, it must have over 100,000 square feet of gross leasable space, regardless of whether that space is used for retail or non-retail purposes. This definition is relevant because it affects the advertising requirements for a Bananas Smoothies Frozen Yogurt Restaurant.
The location of a Bananas Smoothies Frozen Yogurt restaurant impacts the local advertising expenditure requirements. If a restaurant is situated in a Major Office Building, the franchisee is not required to contribute to a Local Advertising Expenditure. This is because locations such as Regional Shopping Malls, Urban Retail Centers, Major Office Buildings, Airports, or Institutional Feeding Facilities are exempt from this requirement, as there is a National Advertising Fund in place.
This policy likely reflects the understanding that these types of locations already benefit from high foot traffic and established marketing efforts, making additional local advertising less critical. For a prospective franchisee, understanding this definition is crucial for assessing potential advertising costs and overall financial planning, as it directly influences the required marketing expenditures based on the restaurant's location.