What document outlines the terms under which a Bft franchise is granted?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
ise We Offer**
We offer for sale a franchise to operate a Studio at a specific location (each a "Franchise") pursuant to the terms of our form of franchise agreement attached to this Disclosure Document as Exhibit A (the "Franchise Agreement"). We expect that all Studios will typically operate from a commercial space located within a retail shopping center. We may, however, consider alternative sites, on a case-by-case basis, at a franchisee's request.
If you are granted a Franchise, you must operate your Studio at a location that we approve (the "Authorized Location"). You must sign the Franchise Agreement to be granted a Franchise for your Studio. If you are a legal entity, such as a limited liability company, partnership, or corporation, each person who directly or indirectly owns a 10% or greater ownership in you (each, a "Guarantor") must sign and deliver to us our then-current form of Guarantee, Indemnification, and Acknowledgment (a "Guarantee"), and one of your Guarantors must be designated as an Operating Principal, who has the authority communicate with us and otherwise act on your behalf in all matters relating to your Studio.
Each Studio offers fitness and other exercise programs through live instructional group and individual classes, including, but not limited to, strength and endurance training, high-intensity intermittent training exercises, high-intensity resistance training, hypertrophy-style training, and any other services that we authorize (collectively, the "Approved Services"). Studios are established and operated under a comprehensive design that includes spacious interior, a significant number of exercise equipment/apparatuses, specifications, and procedures for operations; quality customer service; management and financial control; training and assistance; and advertising and promotional programs (which we call our "System"). The System's standards, specifications and procedures (collectively, the "System Standards") are described in our confidential learning management system, which includes electronic versions of manuals and written policies and procedures related to the development and operation of Studios (as we may collectively refer to as, the "Learning Management System"). The System and the Learning Management System, and their various components, may be modified, discontinued, and further developed in our discretion.
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 terms and conditions for operating a Bft franchise are detailed in the Franchise Agreement. This agreement, a standard form used by Bft, is included as Exhibit A to the Disclosure Document. If a prospective franchisee is granted a franchise, they must operate their studio at an approved location and sign the Franchise Agreement.
The Franchise Agreement is a crucial document that outlines the obligations, responsibilities, and rights of both the franchisee and Bft. It covers various aspects of the franchise operation, including the use of Bft's System Standards, which are described in the Learning Management System. The System Standards encompass specifications and procedures for operations, customer service, management, financial control, training, assistance, and advertising programs.
For those interested in acquiring multiple franchises, Bft also offers Development Rights within a designated geographical area through a Multi-Unit Agreement, which is attached as Exhibit K to the Disclosure Document. If a franchisee enters into a Multi-Unit Agreement, they will also sign their 1st Franchise Agreement in the form attached to the Disclosure Document as Exhibit A. Each subsequent Franchise Agreement signed will be Bft's then-current form, which might contain terms that are materially different than those found in the current form, including with respect to fees.