What is the 'Development Schedule' for Bananas Smoothies Frozen Yogurt?
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 |
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- 3.4 Effect of Failure. Strict Compliance with the Development Schedule is the essence of this Agreement. If Developer does not timely meet the Minimum Development Quota as of the end of any Development Period shown on the Development Schedule, Developer will be in default of Developer's obligations under this Agreement. If such a default occurs, it will constitute a material breach of this Agreement and Franchisor may then, in its sole discretion, elect to:
- (a) terminate this Agreement;
- (b) have the right to operate (directly or through affiliates) or grant franchises for the operation of Green Leaf's Restaurants within the Development Area;
- (c) grant Developer an extension under the Development Schedule for such time period as Franchisor may specify at its sole option for a non-refundable extension fee equal to the balance of the Franchise Fees for the number of EYB Concepts that are to be opened and operated under the Development Schedule but are not yet open; or (d) reduce the Development Area and the Development Schedule to a size and magnitude that Franchisor estimates Developer's capable of operating otherwise in accordance with this Agreement.
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt Franchise Disclosure Document, the Development Schedule outlines the number of Green Leaf's Beyond Great Salads locations, Bananas Smoothies & Frozen Yogurt locations, and combined Green Leaf's/Bananas Smoothies locations that a developer is required to open during specific development periods. The cumulative number of Everything Yogurt Brands (EYB) Concepts to be opened through the end of each development period is also specified. However, the FDD excerpt does not provide the specific details of the development schedule, such as the length of each development period or the number of units required to be opened in each period.
Strict compliance with 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. If a developer fails to meet the schedule, Bananas Smoothies Frozen Yogurt has the option to terminate the agreement, operate or franchise Green Leaf's restaurants within the development area, grant an extension with a non-refundable fee equal to the balance of the franchise fees for the unopened locations, or reduce the development area and schedule to a size that the developer is capable of managing.
Prospective franchisees should carefully consider the implications of the Development Schedule and the potential consequences of failing to meet the required quotas. It is important to discuss the specific terms of the Development Schedule with Bananas Smoothies Frozen Yogurt to fully understand the obligations and risks involved in the Area Development Agreement. Understanding the timeline and required investment for opening multiple locations is crucial for financial planning and operational success. Franchisees should also inquire about the criteria Bananas Smoothies Frozen Yogurt uses to determine if an EYB Concept has opened for the purposes of meeting the Development Schedule.