Where can I find the terms of the option rights for Beyond Juicery Eatery to purchase the real estate?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
Landlord acknowledges and agrees that Franchisor's right to exercise its option to accept assignment of the Lease is not contingent upon nor is Franchisor obligated in any manner to cure any default of Franchisee under the Lease.
- B.
Franchisor shall assume all of Franchisee's rights, options, and obligations under the Lease commencing upon the effective date of the assignment and Franchisor shall have the further right to transfer or assign the Lease to another Beyond Juicery + Eatery franchisee without the need to seek consent from Landlord.
Franchisor shall not be liable to Landlord for anything that arose prior to the effective date of the assignment to Franchisor.
If Franchisor assigns the Lease to another Beyond Juicery + Eatery franchisee, Franchisor shall be released from any further liability under the Lease.
Notwithstanding any assignment of the Lease to Franchisor, Franchisor shall not be subject to any provisions of the Lease that requires continuous operation of a business in the Premises during any period that the Premises is closed for remodeling or while Franchisor is seeking to obtain and train a new franchisee, provided that rent is paid dur
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to the 2025 FDD, the terms of the option rights for Beyond Juicery Eatery to accept assignment of the lease are found in Item 23. Specifically, the landlord acknowledges that Beyond Juicery Eatery's right to exercise its option to accept assignment of the lease is not contingent upon the brand curing any default of the franchisee under the lease.
Beyond Juicery Eatery will assume all of the franchisee's rights, options, and obligations under the lease starting on the effective date of the assignment. Beyond Juicery Eatery also has the right to transfer or assign the lease to another Beyond Juicery Eatery franchisee without needing consent from the landlord. However, Beyond Juicery Eatery is not liable to the landlord for anything that arose before the effective date of the assignment to Beyond Juicery Eatery.
If Beyond Juicery Eatery assigns the lease to another franchisee, Beyond Juicery Eatery is released from any further liability under the lease. Even with the assignment of the lease to Beyond Juicery Eatery, Beyond Juicery Eatery is not subject to any provisions of the lease that require continuous operation of a business in the premises during any period that the premises is closed for remodeling or while Beyond Juicery Eatery is seeking to obtain and train a new franchisee, provided that rent is paid during.