What background and credit checks are required for a prospective Bft transferee?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
STATEMENT OF PROSPECTIVE FRANCHISEE
BFT FRANCHISE SPV, LLC STATEMENT OF PROSPECTIVE FRANCHISEE
[Note: Dates and Answers Must Be Completed in the Prospective Franchisee's Own Handwriting.]
** If the state franchise registration and disclosure laws of California, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin apply to you, then you are not required to complete this Statement of Prospective Franchisee. Do not sign this Statement if you are a resident of Maryland or the franchise is to be operated in Maryland. **
Do not sign this Statement of Prospective Franchisee if you are a resident of Washington or the business that you will operate is located in Washington. This Statement of Prospective Franchisee does not waive any liability we may have under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder.
Since the Prospective Franchisee (also called "me," "our," "us," "we" and/or "I" in this document) and BFT Franchise SPV, LLC (also called the "Franchisor" or "BFT") both have an interest in making sure that no misunderstandings exist between them, and to verify that no violations of law might have occurred, and understanding that the Franchisor is relying on the statements I/we make in this document, I/we assure the Franchisor as follows:
A. The following dates and information are true and correct:
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the Bft FDD does not specify any required background or credit checks for prospective transferees. The document includes a 'Statement of Prospective Franchisee' which needs to be completed to ensure there are no misunderstandings and no violations of law have occurred.
However, the statement is not required for prospective franchisees in California, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin. Additionally, it should not be signed by residents of Maryland or if the franchise is to be operated in Washington.
A prospective Bft franchisee should ask the franchisor directly about any background or credit check requirements during the transfer process to ensure full compliance with their policies.