Where is the Bft Development Schedule set forth?
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 Bft's 2025 Franchise Disclosure Document, the Development Schedule for multi-unit developers is detailed in Exhibit A of the Multi-Unit Agreement. This schedule outlines the specific timeframes, referred to as "Development Periods," within which the developer is expected to open and operate Bft studios in their designated Development Area.
The document specifies that the developer must adhere to the schedule by conducting a "Soft Opening" and operating studios under a signed franchise agreement to meet the requirements of each Development Period. A "Soft Opening" is defined as opening the studio's doors to the public for regular classes within the physical premises. However, the developer is not obligated to exceed the total cumulative number of studios outlined for the final Development Period.
Bft clarifies that the Development Schedule is not a guarantee that the Development Area can support the specified number of studios or that suitable sites will be available. The franchisor relies on the developer's expertise and independent investigation of the Development Area to ensure they can meet the development obligations. Furthermore, Bft may grant a one-time 90-day extension for compliance with development obligations in a Development Period under certain conditions, such as the developer having secured a lease for an approved site and notifying Bft at least 30 days before the period's expiration. This extension does not alter subsequent Development Periods or obligations.