What exhibits are attached to the Bft Franchise Disclosure Document?
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, several exhibits are attached. These exhibits provide additional details and legal information relevant to the franchise offering. Specifically, Exhibit A is the Form of Franchise Agreement, which outlines the terms and conditions of the franchise. Exhibit B contains a list of state agents authorized to receive service of process, while Exhibit C includes the company's financial statements. Exhibit D is the Guaranty of Performance. Exhibit E is the Statement of Prospective Franchisee. Exhibit F is the Table of Contents of the Manual. Exhibit G is the Form of General Release. Exhibit H includes state-specific addenda that provide additional disclosures required by various state franchise laws. Exhibit I contains a list of current franchisees, and Exhibit J lists franchisees who have left the system. Exhibit K is the Form of Multi-Unit Agreement. Exhibit L-1 is the Form of Sourcing Fee Addendum (Franchise Agreement) and Exhibit L-2 is the Form of Sourcing Fee Addendum (Multi-Unit Agreement). Finally, Exhibit M contains receipts.
Prospective franchisees should carefully review each of these exhibits, as they contain critical information about the franchise agreement, legal obligations, and financial performance. Understanding these documents is essential for making an informed decision about investing in a Bft franchise. For instance, the financial statements in Exhibit C can provide insights into the franchisor's financial stability, while the state-specific addenda in Exhibit H may outline specific legal requirements or protections in the franchisee's state.
It is also important to note that Bft provides these exhibits to ensure transparency and compliance with franchise regulations. By providing detailed information about the franchise system, Bft aims to help potential franchisees understand the risks and benefits associated with the franchise opportunity. Reviewing these exhibits with a franchise attorney or advisor is highly recommended to ensure a full understanding of the legal and financial implications.