What is the required action for a Better Blend franchisee to have their site considered?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
- A. Your site. We will review and advise you regarding potential locations that you submit to us. (Section 5.2). If you sign a Multi-Unit Development Agreement, we will approve the location of future sites and territories for those sites, and our then-current standards for sites and territories will apply. We are not obligated to further assist you in locating a site or negotiating the purchase or lease of the site.
- (i) We generally do not own your premises and lease it to you.
- (ii) If your site is not already known and approved by us when you sign your franchise agreement, then we and you will specify in your franchise agreement the area in which you must select a site (Franchise Agreement, Summary Page). We do not select your site. You must find a potential site and submit your site to us for
- approval, together with all information and documents about the site that we request.
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, if a potential site is not already known and approved when signing the franchise agreement, the franchisee must find a potential site and submit it to Better Blend for approval. This submission must include all information and documents about the site that Better Blend requests.
Better Blend will review and advise on potential locations submitted by the franchisee. The factors Better Blend considers for site approval include the general location and neighborhood, competition, trade area demographics, traffic patterns, parking, size, physical characteristics of existing buildings, and lease terms. After the franchisee submits all required documents and information, Better Blend has 30 days to approve or disapprove the proposed site.
If Better Blend and the franchisee cannot agree on a site, the franchisee may not be able to meet the obligation to develop and open the franchise by the deadline stated in the franchise agreement. Unless Better Blend agrees to extend the deadline, the franchisee will be in default, and Better Blend may terminate the franchise agreement. Upon acceptance of a site, Better Blend will issue a Location Acceptance Letter.