What is the role of FSC FRANCHISE CO., LLC in the Beef O Bradys lease agreement?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS LEASE (this "Lease"), dated the day of, 202, is entered into between , a ("Landlord") and FSC FRANCHISE CO., LLC, |
|---|
| a Delaware limited liability company ("Tenant"). |
| BACKGROUND |
| Tenant, as Franchisor, and Landlord, as Franchisee, entered into that certain Franchise Agreement dated as |
| of, 202 (the "Franchise Agreement"), pursuant to the terms of which Landlord has |
| operated a Beef 'O' Brady's® Family Sports Pub (the "Family Sports Pub") within the leased premises described |
| below. |
| The leased premises are owned by Landlord. |
| Pursuant to an Agreement to Lease dated |
| , the Landlord agreed to lease the Family Sports Pub to the Tenant on the occurrence of |
| certain conditions. |
| SECTION 1 |
| GRANT AND TERM |
| 1.1 |
| Leased Premises. In consideration of the Franchise Agreement and the rents and covenants set forth in |
| this Lease, Landlord demises and leases to Tenant, and Tenant leases from Landlord, the parcel of land, more |
| particularly described in Exhibit "A" attached hereto, together with the building and other improvements thereon |
| and appurtenances thereto and all furniture, trade fixtures, equipment, and other personal property located therein as |
| of the Commencement Date, as defined in Section 1.5 (collectively the "leased premises"). A site plan of the |
| leased premises is shown on Exhibit "B" attached hereto. |
| 1.2 |
| Length of Term. The term of this Lease begins on the Commencement Date and ends on the date the |
| Franchise Agreement would have expired on its own terms plus all successor periods. Should the Commencement |
| Date occur on a day other than the first day of a month, then the term of this Lease is extended to the last day of the |
| last calendar month of the term. |
| 1.3 |
| Options to Extend Term. |
| Tenant is granted () option(s) to renew the Lease each for an |
| additional period of () years (a "Renewal Period") commencing on the first day after the last day of the |
| then existing term of this Lease (a "Renewal Period Commencement Date") upon the following conditions: |
| (1) Landlord must receive written notice of Tenant's election to exercise its renewal option not less than 120 days |
| before the expiration of the then current term of the Lease; (2) no event of default by Tenant will have occurred |
| during the term of the Lease which remains uncured at the time of election; and (3) all terms, covenants and |
| conditions of the Lease as set forth for the initial term of the Lease prevail in each Renewal Period except that: |
| (i) the term of the Lease is extended for the Renewal Period; and (ii) Base Rent will be increased by |
| percent (%) on each Renewal Period Commencement Date. |
| 1.4 |
| Commencement of Rent and Term. The term of this Lease commences on (the |
| "Commencement Date"). |
| Tenant's obligation to pay Base Rent in accordance with Section 2 of this Lease |
| commences of the 30th day following the Commencement Date. Should the Commencement Date occur on a day |
| other |
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to the 2025 Beef O Bradys FDD, FSC FRANCHISE CO., LLC, a Delaware limited liability company, is identified as the Tenant in the lease agreement. In this capacity, Beef O Bradys, acting as the Franchisor, and the Landlord, acting as Franchisee, have entered into a Franchise Agreement where the Landlord operates a Beef 'O' Brady's Family Sports Pub within the leased premises. The leased premises are owned by the Landlord, and the Landlord agreed to lease the Family Sports Pub to Beef O Bradys as the Tenant under certain conditions, according to an Agreement to Lease.
Beef O Bradys, as the Tenant, leases the land, building, improvements, furniture, trade fixtures, equipment, and personal property from the Landlord. The lease term begins on the Commencement Date and ends when the Franchise Agreement expires, including any successor periods. If the Commencement Date is not the first day of a month, the lease term extends to the last day of the final calendar month.
Beef O Bradys has the option to renew the lease for additional periods, subject to conditions such as providing written notice at least 120 days before the current term expires, having no uncured defaults, and agreeing to the terms of the lease for the renewal period. The base rent may increase by a specified percentage at the start of each Renewal Period. Rent payments begin 30 days after the Commencement Date.