How many additional consecutive terms can a Beggars Pizza franchisee renew the agreement for?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
s specified by Franchisor.
2. TERM AND RENEWAL
- 2.1 Term. The Agreement will be in effect upon its acceptance and execution by Franchisor and, except as otherwise provided herein, the term of the Agreement will be ten (10) years from the date first above written.
- 2.2 Renewal. Franchisee may, subject to the following conditions, renew the rights granted under the Agreement for one (1) additional consecutive term of ten (10) years. Franchisor in its sole discretion, may require that any of the following conditions be met prior to such renewal:
- 2.2.1 Franchisee must give Franchisor written notice of Franchisee's election to renew not less than six (6) months nor more than twelve (12) months prior to the end of the thencurrent term;
- 2.2.2 Franchisee must make or provide for, in a manner satisfactory to Franchisor, such renovation and modernization of the premises of the Restaurant (the "Premises") as Franchisor may reasonably require including, without limitation, installation of new equipment and renovation of signs, furnishings, fixtures, and décor to reflect the then-current standards and image of the System;
- 2.2.3 Franchisee and all of its affiliates must not be in default of any provision of the Agreement, any amendment hereof or successor hereto, or any other agreement between Franchisee and Franchisor or its affiliates.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, a franchisee can renew their franchise agreement for one additional consecutive term. The initial term of the agreement is ten years, and upon meeting certain conditions, a franchisee can renew for one additional ten-year term.
To renew the agreement, the Beggars Pizza franchisee must provide written notice to the franchisor between six and twelve months before the end of the current term. Additionally, the franchisee must renovate and modernize the restaurant premises to meet the then-current standards of the Beggars Pizza system. This includes installing new equipment and updating signs, furnishings, fixtures, and décor.
Furthermore, the franchisee and its affiliates must not be in default of any provision of the franchise agreement or any other agreement with Beggars Pizza. The franchisor retains the discretion to determine if these conditions are met before approving the renewal. After the renewal term, the franchisee has no right to further renew the Franchise Agreement.