Is the Multi-Unit Development Agreement included as an exhibit in the Better Blend disclosure document?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
If you sign a franchise agreement with us, you will develop and operate a healthy and convenient quick service restaurant specializing in nutritionally complete smoothies and smoothie bowls under the trade name Better Blend. If you sign a Multi-Unit Development Agreement (attached as Exhibit C to this disclosure document), you will develop multiple Better Blend outlets, on an agreed-upon schedule. For each future unit franchise, we will require you to sign our thencurrent form of franchise agreement, which may be different from the form of franchise agreement included in this disclosure document.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–9)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the Multi-Unit Development Agreement is included as an exhibit. Specifically, the document states that if a franchisee signs a Multi-Unit Development Agreement, it is attached as Exhibit C to the disclosure document. This agreement allows the franchisee to develop multiple Better Blend outlets based on an agreed-upon schedule.
For each individual unit franchise developed under the Multi-Unit Development Agreement, the franchisee will be required to sign Better Blend's current form of franchise agreement. The FDD notes that this agreement may differ from the franchise agreement included in the disclosure document.
This arrangement is common in franchising, as it allows franchisees to expand their operations and build a larger business footprint. However, prospective franchisees should carefully review Exhibit C and the current franchise agreement to understand the obligations and terms for developing multiple Better Blend locations.