For Bft multi-unit agreements, do the estimated timelines apply to the signing of the first Franchise Agreement and development of the first Studio?

ll other required documents have been received by us, and (v) all permits have been approved (Franchise Agreement, Sections 5.4, 5.5, 6.2, and 10.4).

The typical length of time between signing a Franchise Agreement or payment of consideration for the franchise and commencement of the Pre-Sales Phase (which is when you will begin generating revenue) is approximately ten (10) months, and from signing a Franchise Agreement to the Soft Opening is approximately fifteen (15) months. Note, if you are granted the right to acquire multiple franchises, these estimates relate to the signing of your first Franchise Agreement and the development of your first Studio. Additionally, these timelines are likely to increase if you do not use the services of our Approved Suppliers and other resources that we make available to you in connection with the development of your Studio or if you experience unanticipated delays in securing acceptable premises, obtaining financing, obtaining necessary permits and licenses for the construction and operation of the Studio, completing construction or remodeling as it may be affected by weather conditions, shortages, delivery schedules and other similar factors, completing the interior and exterior of the Studio, including decorating, purchasing and installing fixtures, equipment and signs, and completing preparation for operating the Studio, including purchasing any necessary inventory or supplies.

If you do not sign a premises lease agreement accepted by us for the Authorized Location within six (6) months after you sign the Franchise Agreement, we may terminate your Franchise Agreement, without refund of your Initial Franchise Fee.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 37–50)