What is the 'Development Information Sheet' for the Beard Papas franchise, and where can it be found?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor grants to Franchisee the right, and Franchisee accepts the right and undertakes the obligation to develop Beard Papa's Shops, each to be developed, opened and operated by Franchisee within the Development Area (each, a "Development Shop"), provided that Franchisee develops, opens and operates such Development Shops in strict accordance with the Development Schedule, and in accordance with the terms and provisions of each respective Franchise Agreement.
The aggregate number of Development Shops (including the First Development Shop) (collectively, referred to as the "Total Development Shops") that are authorized by this Agreement and required for development, subject to the terms of this Agreement and each respective Franchise Agreement, is set forth and defined in the Development Information Sheet.
The Development Area is and shall constitute the geographic area set forth and identified in the Development Information Sheet.
The Development Information Sheet is attached as Schedule A to this Agreement and is incorporated into and made a part of this Agreement. To be effective the Development Information Sheet must be completed and signed by Franchisor.
Franchisee agrees that Franchisee must: (a) open and commence the operations of each new Development Shop in accordance with the Development Schedule for each respective Development Period, as set forth in this Agreement; and (b) maintain in operation the minimum cumulative number of Development Shops in accordance with the Development Schedule for each respective Development Period. Franchisee agrees that "time is of the essence" with respect to Franchisee's development obligations under this Agreement, and that Franchisee's failure to comply with the Development Schedule is grounds for immediate termination of this Agreement and, any future development rights granted under this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas' 2025 Franchise Disclosure Document, the Development Information Sheet outlines key details regarding the development rights and obligations of a franchisee who enters into a Multi-Unit Development Agreement. This sheet specifies the geographic area granted to the franchisee for development, known as the Development Area, and the total number of Beard Papas shops the franchisee is obligated to develop, open, and operate within that area.
The Development Information Sheet is crucial because it defines the scope of the franchisee's expansion responsibilities and territorial rights. It includes the Development Schedule, which dictates the timeline for opening new Beard Papas shops. Failing to adhere to this schedule can result in the termination of the agreement. The document also specifies certain fees, such as the Development Area Fee and the Initial Franchise Fee for the first shop.
The Development Information Sheet is attached as Schedule A to the Multi-Unit Development Agreement and is incorporated into that agreement. To be effective, the Development Information Sheet must be completed and signed by the franchisor, Muginoho International, Inc. This sheet also requires information about the franchisee, including the names, addresses, and ownership percentages of the owners of the franchisee entity.