Does the FDD describe any situations where Beyond Juicery Eatery would offer financing?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
WHEREAS, Franchisee seeks Beyond Juicery + Eatery's approval for particular real estate.
NOW THEREFORE, it is hereby agreed as follows:
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- Option. Franchisee hereby grants to Beyond Juicery + Eatery the option to purchase the real estate described in Exhibit "A" (and hereinafter referred to as the "Real Estate") upon the expiration without renewal or termination of the Franchise Agreement. Any transfer, renewal, extension, or amendment of the Franchise Agreement shall not affect this Option Agreement unless expressly provided. The terms of the Option rights are as follows:
- A. Exercise of Option. Within fifteen (15) days following the termination or expiration without renewal of the Franchise Agreement as provided for in the Franchise Agreement, Beyond Juicery + Eatery may notify Franchisee in writing of its intention to exercise this option to purchase the Real Estate, and which notice shall constitute an agreement to purchase the Real Estate conditioned upon Beyond Juicery + Eatery obtaining any necessary financing and the real estate being inspected, the results are satisfactory to Beyond Juicery + Eatery. The closing of the sale shall occur as soon as all documentation and other matters have been completed, including obtaining of any necessary financing and inspections, but in any event not later than one hundred twenty (120) days after the date upon which the fair market value of the Real Estate is established, as provided in Paragraph B below, unless the parties hereto agree to a later closing date.
Source: Item 10 — FINANCING (FDD pages 33–34)
What This Means (2025 FDD)
According to the 2025 Beyond Juicery Eatery FDD, Beyond Juicery Eatery does not directly offer financing to franchisees. However, the FDD outlines a scenario where Beyond Juicery Eatery may need to obtain financing.
Specifically, if a franchisee's Franchise Agreement expires or is terminated without renewal, Beyond Juicery Eatery has the option to purchase the real estate where the Beyond Juicery Eatery restaurant is located. To exercise this option, Beyond Juicery Eatery must notify the franchisee in writing within fifteen days of the termination or expiration. This notification constitutes an agreement to purchase the real estate, but it is conditional upon Beyond Juicery Eatery obtaining the necessary financing and completing a satisfactory real estate inspection.
The closing of the sale must occur within 120 days after the fair market value of the real estate is established, unless both parties agree to a later date. This clause protects Beyond Juicery Eatery by ensuring they can secure financing and verify the property's condition before committing to the purchase. It does not obligate Beyond Juicery Eatery to provide financing to the franchisee under any circumstances.