What are 'Development Periods' defined as in the context of Bananas Smoothies Frozen Yogurt development?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Development Period | A. Number of Green Leaf's Beyond Great Salads, locations to be opened during Development Period | B. Number of Bananas Smoothies & Frozen Yogurt locations to be opened during Development Period | C. Number of Green Leaf's Beyond Great Salads with Bananas Smoothies & Frozen Yogurt | Cumulative # EYB Concepts set out in A, B and C to be Opened Through End of Development Period |
|---|---|---|---|---|
| 1. | ||||
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| 5. |
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, a 'Development Period' refers to a specific timeframe during which a developer is expected to open a certain number of Green Leaf's Beyond Great Salads locations, Bananas Smoothies & Frozen Yogurt locations, or a combination of both (EYB Concepts). The FDD outlines a Development Schedule that includes multiple Development Periods, each with a Minimum Development Quota.
The developer's adherence to the Development Schedule is critical, and failure to meet the Minimum Development Quota by the end of any Development Period constitutes a default under the Area Development Agreement. This default can lead to serious consequences, including termination of the agreement, the franchisor taking over development rights in the area, or the franchisor offering an extension for a fee.
The franchisor retains significant control over determining whether an EYB Concept has opened for the purpose of meeting the Development Schedule and Minimum Development Quota. Furthermore, if a location closes permanently, the developer is obligated to open a replacement location within one year, separate from the original Development Schedule. This highlights the ongoing commitment and potential financial burden placed on the developer to maintain the agreed-upon development pace and number of locations.