What is the deadline for a Bft franchisee to execute a written premises lease agreement accepted by the Franchisor for the Authorized Location?

According to Bft's 2025 Franchise Disclosure Document, a franchisee must execute a written premises lease agreement accepted by Bft for the Authorized Location no later than six months after the execution of the Franchise Agreement. This deadline is referred to as the "Lease Execution Deadline."

This requirement means that prospective Bft franchisees need to identify and secure a suitable location relatively quickly after signing the Franchise Agreement. Securing a lease involves not only finding a location but also negotiating terms acceptable to both the franchisee and Bft, as the franchisor must approve the lease. Bft does not arbitrarily withhold acceptance of the lease, but the lease must be subject to Bft's current form of lease addendum or incorporate similar terms.

Furthermore, the franchisee must open the Bft studio to the public for regular classes, which Bft refers to as the "Soft Opening", no later than fifteen months after the execution of the Franchise Agreement. This "Opening Deadline" provides a broader timeframe that includes securing the location and preparing the studio for operation. Franchisees are responsible for purchasing or leasing a suitable site for its studio and must submit the lease to Bft for written acceptance before executing the lease for the Authorized Location.

Therefore, a prospective Bft franchisee should prioritize site selection and lease negotiation to meet the six-month Lease Execution Deadline. They should also factor in the time needed for Bft's approval process and ensure that the lease terms align with Bft's requirements to avoid delays and potential breaches of the Franchise Agreement.