Is there an option to renew or extend the Beard Papas Multi-Unit Development Agreement term?

According to Beard Papas's 2025 Franchise Disclosure Document, there is no option to renew or extend the Multi-Unit Development Agreement. The agreement's term varies depending on the number of shops to be developed and the development area. The agreement commences on the effective date and automatically expires at the earlier of the opening of the final shop required for development, or the last day of the calendar month in which the final shop was required to be open under the Multi-Unit Development Agreement.

This means that once the development schedule outlined in the agreement is complete, or the deadline for opening the final shop has passed, the Multi-Unit Development Agreement terminates without an option for renewal. A prospective franchisee should be aware that their rights to develop additional Beard Papas locations under the agreement cease at the end of the term.

This is a notable point for potential multi-unit developers, as it means they cannot automatically extend their development rights beyond the initial term. If a developer wishes to continue expanding with Beard Papas after the initial agreement concludes, they would need to negotiate a new agreement with the franchisor, which may or may not be granted. This contrasts with some franchise systems that offer renewal options, providing existing franchisees with the first opportunity to continue their business relationship.

Given this, it is crucial for prospective multi-unit developers to carefully consider the development schedule and area outlined in the initial agreement to ensure it aligns with their long-term expansion goals. They should also discuss with Beard Papas the possibility of future development opportunities beyond the initial agreement to understand the potential for continued growth within the franchise system.