Under what conditions can Better Blend require a remodel as a condition to renewal of the term or a Transfer?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
- (v) Franchisee has made or agrees to make (within a period of time acceptable to BBF) renovations and changes to the Business as BBF requires (including a Remodel, if applicable) to conform to the then-current System Standards;
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, Better Blend may require a franchisee to complete a remodel of their location as a condition for renewing the franchise agreement or transferring the franchise to a new owner.
Specifically, Better Blend can mandate renovations and changes to the business, including a remodel if applicable, to ensure the location conforms to the then-current System Standards. This requirement is outlined as one of the conditions that must be met before a franchisee can enter into a successor agreement at the end of their initial term.
This means that a prospective Better Blend franchisee should be prepared for the possibility of needing to invest in a remodel to keep their franchise agreement in good standing or to facilitate a sale. Understanding the scope and cost of potential remodels is an important factor to consider during the due diligence process.