What is the exhibit letter designation for the Form of Multi-Unit Agreement in the Bft FDD?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated March 14, 2025, that included the following Exhibits:
Exhibit A Form of Franchise Agreement and Exhibits Exhibit H State Specific Addenda Exhibit B List of State Agents for Service of Process and State Administrators Exhibit I List of Franchisees Exhibit C Financial Statements Exhibit J List of Franchisees That Left System Exhibit D Guaranty of Performance Exhibit K Form of Multi-Unit Agreement Exhibit E Statement of Prospective Franchisee Exhibit L-1 Form of Sourcing Fee Addendum (Franchise Agreement) Exhibit F Table of Contents of Manual Exhibit L-2 Form of Sourcing Fee Addendum (Multi-Unit Agreement) Exhibit G Form of General Release Exhibit M Receipts
Source: Item 22 — CONTRACTS (FDD page 79)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the Form of Multi-Unit Agreement is designated as Exhibit K. This exhibit is included as part of the disclosure document that Bft provides to prospective franchisees.
As a prospective franchisee, reviewing Exhibit K is crucial because it outlines the terms and conditions under which a multi-unit franchise can operate. This agreement details the obligations, responsibilities, and rights of both Bft and the franchisee concerning the development and operation of multiple Bft studios.
Understanding the specifics within Exhibit K will allow a potential multi-unit franchisee to assess the full scope of the investment, the expected returns, and the level of support and control exerted by Bft. It also helps in evaluating the risks and benefits associated with developing multiple franchise locations versus a single unit.