What are the requirements to qualify for the Bananas Smoothies Frozen Yogurt Franchisee Sponsorship Program?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 3a We currently have a new Franchisee Sponsorship Program that allows you to receive a check for Two-Thousand-Five Hundred ($2,500) Dollars when you sponsor one new Franchisee who we approve in our sole and absolute discretion as a Franchisee and who executes our then current Franchise Agreement and all other required franchise documents within twelve (12) months of the date you refer the prospect to us. To qualify, the prospect must not have previously contacted us about a franchise nor ever been a sponsored prospect before or who owns or shares ownership in an existing restaurant and after executing our Franchise Agreement and other related documents the Franchisee you referred must open the franchise restaurant for business. This sponsorship program only applies to the Restaurant described in Item 7 (excluding any conversions). We reserve the right to discontinue this program at any time, however, we will honor any sponsorship made during the existence o
Source: Item 6 — OTHER FEES (FDD pages 17–19)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt Franchise Disclosure Document, the company has a Franchisee Sponsorship Program where a current franchisee can receive $2,500 for sponsoring a new franchisee. To qualify for the sponsorship, the prospect must be approved by Bananas Smoothies Frozen Yogurt in its sole and absolute discretion and must execute the then-current Franchise Agreement and all other required franchise documents within 12 months of the date the prospect is referred.
To be an eligible prospect, the person cannot have previously contacted Bananas Smoothies Frozen Yogurt about a franchise, nor can they have ever been a sponsored prospect before. The prospect also cannot own or share ownership in an existing restaurant. After executing the Franchise Agreement and related documents, the new franchisee must open their Bananas Smoothies Frozen Yogurt restaurant for business.
It is important to note that this sponsorship program only applies to the Restaurant described in Item 7 of the FDD, excluding any conversions. Bananas Smoothies Frozen Yogurt reserves the right to discontinue the program at any time, but they will honor any sponsorships made during the program's existence. Prospective franchisees should confirm with Bananas Smoothies Frozen Yogurt whether the program is still active and obtain full details before relying on it.