What is Attachment 2 to the Franchise Agreement for Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
When we accept a site, we will issue a Location Acceptance Letter (in the form of Attachment 2 to the Franchise Agreement).
(iii) The factors we consider in approving sites are general location and neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms.
(iv) The time limit for us to approve or disapprove your proposed site is 30 days after you submit all of our required documents and information. (Section 6.1).
If we and you cannot agree on a site, you will be unable to comply with your obligation to develop and open the franchise by the deadline stated in the franchise agreement.
Unless we agree to extend the deadline, you will be in default and we may terminate your franchise agreement.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 21–27)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, Attachment 2 to the Franchise Agreement is the Location Acceptance Letter. This letter is issued by Better Blend when they approve a franchisee's proposed site for their business.
Before signing the Franchise Agreement, the franchisee and Better Blend will specify the area in which the franchisee must select a site. The franchisee is responsible for finding a potential site and submitting it to Better Blend for approval, along with all necessary information and documents. Better Blend does not select the site for the franchisee.
Better Blend considers several factors when approving a site, including the general location and neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms. Better Blend has 30 days to approve or disapprove a proposed site after receiving all required documents and information. If Better Blend and the franchisee cannot agree on a site, the franchisee may be unable to meet the opening deadline specified in the franchise agreement, potentially leading to default and termination of the agreement.