What exhibit in the Bang Cookies FDD contains the Multi-Unit Development Agreement?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
If we approve your request, you may have the option, in addition to signing a Franchise Agreement in the form attached as Exhibit E, to sign the Multi-Unit Development Agreement attached to this Disclosure Document as Exhibit F, to develop and operate multiple Shops. The total number of Shops that you will be required to develop and operate under a Multi-Unit Development Agreement will vary from three to five Shops, as negotiated at the time of signing the Multi-Unit Development Agreement. Each Shop must be developed by you within a designated geographic area (the "Development Area") and each Shop must be developed and operated under the terms of our then current individual unit Franchise Agreement which may differ from the Franchise Agreement included with this Disclosure Document. Your Multi-Unit Development Agreement will include a development schedule (the "Development Schedule") containing a deadline by which you must have each Shop open and operating. Your Development Schedule may vary depending on your Development Area and the number of Shops that you are required to develop.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the Multi-Unit Development Agreement is included as Exhibit F. This agreement is an option for franchisees who want to develop and operate multiple Bang Cookies shops.
The document specifies that the number of shops required under a Multi-Unit Development Agreement ranges from three to five, and this number is negotiated when the agreement is signed. These shops must be developed within a specific geographic area, referred to as the "Development Area." Each shop operated under this agreement must adhere to the terms of Bang Cookies's current individual unit Franchise Agreement, which may differ from the Franchise Agreement included in the FDD.
The Multi-Unit Development Agreement also includes a development schedule that sets deadlines for opening each shop. This schedule can vary based on the Development Area and the number of shops the franchisee is required to develop. Prospective franchisees should carefully review Exhibit F to understand the obligations and timelines associated with developing multiple Bang Cookies locations.