When did the current franchisor begin selling Bft franchises?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
From January 2022 through March 2023, franchises for BFT-branded studios ("Studios") were offered by Predecessor. To facilitate the possibility of future funding and financing opportunities (each a "Financing Opportunity") for our parent entities, in March 2023, we and our affiliates engaged in an internal reorganization (the "Reorganization"), pursuant to which we acquired from Predecessor, and currently own, the Marks (defined below) and other intellectual property related to the development and operation of Studios and the BFT System. We began selling franchises for Studios as of April 4, 2023. The Franchise Agreements, area development agreements, and certain other agreements related to Studios that were signed by Predecessor before the Reorganization were assigned to us as of December 31, 2023.
Source: Item 1 — THE FRANCHISOR, ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–12)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the current franchisor, BFT Franchise SPV, LLC, started selling franchises for Bft studios on April 4, 2023. Prior to this date, from January 2022 through March 2023, Bft franchises were offered by a predecessor company.
The change in franchisors was due to an internal reorganization that occurred in March 2023. As part of this reorganization, the current franchisor acquired the trademarks and intellectual property related to the Bft system from the predecessor. Franchise agreements signed by the predecessor before the reorganization were assigned to the current franchisor as of December 31, 2023.
This information is relevant for prospective franchisees as it clarifies the history of the Bft franchise system and the transition to the current franchisor. Understanding the timeline of these changes can provide insight into the stability and direction of the franchise. It also highlights the importance of reviewing the assignment of existing franchise agreements to the new franchisor.