What conditions must be met before a Bang Cookies Shop can be opened?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
nchise Agreement, Articles 2, 3, 7 and 16).
Time to Open
You may not open your Shop until you have completed our initial training requirements, obtained the necessary licensing and authorization from state and regulatory agencies within your Designated Territory, obtained and provided us with written proof of the required insurance, and have timely secured a Shop Location that we approved.
We estimate that the length of time between the signing of your Franchise Agreement and opening your Shop to be approximately six to nine months. Factors that may affect this estimated time period include: (a) evaluating and selecting a suitable site for your Shop Location; (b) timeliness of your submission to us of information and documentation that we may request in determining whether or not to approve of the site for your proposed Shop Location; (c) length of time taken by you to successfully complete our initial training program; (d) negotiating and obtaining a suitable lease for your Shop Location that is approved by us; (e) obtaining third party lender financing, if necessary; and (f) obtaining the necessary licenses for the operation of your Shop. Other factors that may affect this time period include availability of equipment, delays associated with equipment installation and the construction and/or installation of your leasehold improvements and fixtures. You must open your Shop within nine months from the effective date of your Franchise Agreement, otherwise we may terminate your Franchise Agreement without refunding any fees to you. (Franchise Agreement, Article 3.C.).
Post-Opening Obligations
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- Supplemental Training We may require that you and your Operating Manager participate in supplemental on-site training that we may designate and require in our discretion. We may provide, in our discretion, supplemental training on-site at your Shop Location. You will be required to pay our then current supplemental training fee, currently $300 per on-site trainer per day, plus travel expenses, meals and accommodation expenses incurred by us.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 29–36)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, there are several conditions that must be met before a shop can be opened. The franchisee must complete the initial training requirements, obtain all necessary licensing and authorizations from state and regulatory agencies within their designated territory, and provide written proof of the required insurance. Additionally, the franchisee must secure an approved shop location.
Bang Cookies estimates that it will take between six to nine months from signing the Franchise Agreement to opening the shop. Factors that could affect this timeline include evaluating and selecting a suitable site, the timeliness of submitting required information to Bang Cookies for site approval, the time it takes to complete the initial training program, negotiating a suitable lease, obtaining financing, and securing the necessary licenses. Delays in equipment availability, installation, and leasehold improvements can also impact the opening timeline.
It is important to note that the franchisee must open their Bang Cookies shop within nine months of the Franchise Agreement's effective date. Failure to do so may result in the termination of the Franchise Agreement, without any refund of fees. The franchisee is responsible for consulting with government agencies, architects, and legal professionals to ensure the shop location is suitable for the business and that all necessary licenses and authorizations are in place.