What is the Development Fee for Bananas Smoothies Frozen Yogurt dependent on?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
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OFFICER/EMPLOYEE: DEVELOPER:
EXHIBIT TWO E
to the Area Development Agreement between Franchisor and Developer. The terms and definitions set out in the Summary Page of the Area Development Agreement are incorporated herein and made a part hereof as if fully set out.
| DEPOSIT AGREEMENT (Area Development Agreement) | |
|---|---|
DEPOSIT AGREEMENT (Area Development Agreement)
| The enclosed check, in the amount of $ Dollars shall act as a deposit toward the payment of the Development Fee of $ for the Development Rights and obligations of Everything Yogurt Brands, LLC concepts as set forth and described in the Area Development Agreement which is required to be signed by you within months from the date your deposit is received. |
|---|
| You understand that the above deposit when accepted by Everything Yogurt Brands, LLC ("Franchisor") will allow you for a month period to enter into an Area Development Agreement for a Development Area described as |
| to develop the |
| number of Green Leaf's Beyond Great Salads concept, Bananas Smoothies and Frozen Yogurt concept or Green Leaf's Beyond Great Salads including the Bananas Smoothies & Frozen Yogurt concept specified hereinabove. |
| If you fai |
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, the Development Fee is tied to the Development Rights and obligations associated with Everything Yogurt Brands, LLC concepts, as detailed in the Area Development Agreement. The specific amount of the Development Fee is indicated by a placeholder "$" in the provided excerpt.
To begin the process, a prospective developer submits a deposit, the amount of which is also represented by a placeholder "$". This deposit secures a period of months to finalize and sign the Area Development Agreement. The agreement will specify the number of Green Leaf's Beyond Great Salads, Bananas Smoothies and Frozen Yogurt concepts, or a combination of both, that the developer is expected to establish within the designated area.
If the Area Development Agreement is signed within the specified timeframe, the initial deposit is credited towards the total Development Fee. However, if the agreement is not finalized within the given period, Bananas Smoothies Frozen Yogurt has the right to retain 50% of the deposit, refunding the remaining balance to the prospective developer. This arrangement underscores the importance of adhering to the timelines and obligations outlined in the initial deposit agreement and subsequent Area Development Agreement.