How does Baya Bar revise Attachment 3 to reflect the address of the new Franchised Business location?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
sole and complete discretion of Franchisor. Franchisee shall pay Franchisor, upon Franchisor's consent to Franchisee's request to relocate, a relocation fee equal Five Thousand Dollars ($5,000.00). Such relocation, if permitted, shall be at Franchisee's sole expense, and subject to the following:
- 8.4.1 Franchisee shall construct and develop the new premises to conform to Franchisor's then-current specifications for design, appearance and leasehold improvements for new Franchised Businesses;
- 8.4.2 Franchisee shall remove any signs or other property from the original Franchised Business location which identified the original Franchise Business location as part of the System;
- 8.4.3 Franchisee agrees that, during the build-out, decorating and furnishing of the new location, and at Franchisor's sole and absolute discretion: (i) the term of this Agreement shall not be abated, and (ii) Franchisee shall remain liable to pay a minimum Royalty Fee and Brand Fund Contribution that is equal to the average amount paid by Franchisee during the four (4) calendar quarters immediately preceding the date that operations cease or the shorter period that Franchisee had been in business at the original Franchised Business location;
Source: Item 22 — CONTRACTS (FDD page 56)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, if a franchisee is permitted to relocate their Baya Bar franchise, the franchisor will issue a revised Attachment 3 to the franchise agreement. This revision will specifically update the document to reflect the address of the new Baya Bar location.
This process is outlined within the conditions for relocation, ensuring that the franchise agreement accurately reflects the current operational location of the Baya Bar business. The franchisee is responsible for all expenses associated with the relocation.
Prior to the issuance of the revised Attachment 3, the franchisee must construct and develop the new premises to conform to Baya Bar's current specifications for design, appearance, and leasehold improvements. Additionally, the franchisee must remove any signs or other property from the original location that identified it as part of the Baya Bar system. During the build-out of the new location, the franchisee is still liable for the minimum Royalty Fee and Brand Fund Contribution.