What is the Bft Developer required to do to satisfy the requirements of each Development Period?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
C. Development Schedule. The Development Schedule is set forth on Exhibit A hereto. Each period described in the Development Schedule is a "Development Period." Developer (or its approved affiliate) must conduct its Soft Opening and operate Studios in the Development Area, each pursuant to a written franchise agreement and related agreements signed by Franchisor and a franchisee (each a "Franchise Agreement"), as necessary to satisfy the requirements of each Development Period, but Developer shall not be required to open, in total, more than the cumulative number of Studios shown for the last Development Period. To determine whether a Studio has conducted its Soft Opening for purposes of the Development Schedule, "Soft Opening" means that the respective Studio's doors are open to the general public for participating in regular classes in the physical premises of the Studio. The Development Schedule is not a representation (express or implied) by Franchisor that the Development Area can support, or that there are or will be sufficient sites for, the number of Studios specified in the Development Schedule or during any particular Development Period. Franchisor is relying on Developer's knowledge and expertise of the Development Area and Developer's representation that it has conducted its own independent investigation and has determined that it can satisfy the development obligations under each Development Period of the Development Schedule.
Notwithstanding anything contained in this Section, Franchisor will provide Developer with a onetime reasonable extension of time not to exceed 90 days to comply with its development obligations in any one of the Development Period as set forth in the Development Schedule (see Exhibit A), provided: (i) Developer has already executed a lease for, or otherwise obtained, a Site (defined in Section 2.D below) that Franchisor approves for any Studio(s) it is required to conduct its Soft Opening and operate during that Development Period; and (ii) Developer notifies Franchisor of its need for such an extension no less than 30 days prior to expiration of that Development Period. The Parties agree and acknowledge that Franchisor's grant of this one-time extension under this Section will not extend, modify or otherwise affect the expiration of any of Developer's subsequent Development Periods or subsequent development obligations.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to the 2025 Bft Franchise Disclosure Document, a Bft Developer (or their approved affiliate) is required to conduct a Soft Opening and operate Studios within the Development Area, adhering to a written franchise agreement. This agreement must be signed by both Bft and a franchisee. The number of studios opened must satisfy the requirements of each Development Period as outlined in the Development Schedule (Exhibit A). However, the Developer is not obligated to open more studios than the cumulative number specified for the last Development Period.
For Bft, a "Soft Opening" is defined as when the studio's doors are open to the general public, allowing them to participate in regular classes within the physical premises of the studio. The Development Schedule does not guarantee that the Development Area can support the specified number of studios or that sufficient sites will be available during any Development Period. Bft relies on the Developer's knowledge and expertise of the Development Area, as well as the Developer's representation that they have independently investigated and determined their ability to meet the development obligations for each Development Period.
Bft may grant the Developer a one-time extension of up to 90 days to comply with development obligations in any Development Period, provided the Developer has already executed a lease or obtained an approved Site for the required studio(s) and notifies Bft of the need for an extension at least 30 days before the expiration of that Development Period. This extension does not modify or affect subsequent Development Periods or obligations.