What are 'Development Periods' in the context of a Beef O Bradys Area Development Agreement?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
Your Area Development Agreement will contain a Minimum Development Quota specifying a series of "Development Periods", the number of Family Sports Pubs you must open during each Development Period and the cumulative number of Family Sports Pubs you must have opened through the end of the Development Period in question. Family Sports Pubs will not count towards meeting the Minimum Development Quota for any Development Period until they have been fully constructed, developed and have opened operations in accordance with their respective franchise agreements with us. We determine if any Family Sports Pub has "opened" for purposes of meeting the Development Schedule and any Minimum Development Quota for any Development Period. If a Family Sports Pub is permanently closed after having been opened, you must develop and open a substitute Family Sports Pub within one year from the date of its permanent closing separate and apart from the Development Schedule.
Source: Item 12 — TERRITORY. (FDD pages 39–42)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, 'Development Periods' are components of the Minimum Development Quota outlined in the Area Development Agreement. The Area Development Agreement specifies the number of Family Sports Pubs a franchisee must open during each Development Period, as well as the cumulative number of pubs that must be open by the end of each period.
For a prospective Beef O Bradys area developer, this means they will be contractually obligated to open a certain number of locations within specific timeframes. The FDD states that a Family Sports Pub is only counted toward the Minimum Development Quota once it is fully constructed, developed, and operating according to the franchise agreement. Beef O Bradys determines when a pub is considered 'opened' for the purpose of meeting the development schedule.
Furthermore, if a Beef O Bradys Family Sports Pub permanently closes, the franchisee must open a replacement location within one year, and this replacement does not count toward the regular Development Schedule. Failure to meet the Minimum Development Quota can result in Beef O Bradys terminating the Area Development Agreement, operating or franchising pubs within the development area themselves, granting an extension with a fee, or reducing the development area and schedule.