What is the name of the document that the 'Sourcing Fee Addendum' refers to for Bft?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS SOURCING FEE ADDENDUM(this “Sourcing Fee Addendum”) is made and entered into by and between BFT FRANCHISE SPV, LLC, a Delaware limited liability company with its principal business address at 17877 | Von Karman | Ave., Suite | 100 | Irvine, CA | 92614 | (“Franchisor”), and and between BFT FRANCHISE SPV, LLC, a Delaware limited liability company with its principal business address at 17877 | Von Karman | Ave., Suite | 100 | Irvine, CA | 92614 | (“Franchisor”), and
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the 'Sourcing Fee Addendum' is a document entered into by and between BFT FRANCHISE SPV, LLC and the franchisee. This addendum likely outlines the terms and conditions related to sourcing fees, which Bft may charge for sourcing products or services for the franchisee. The document specifies Bft's principal business address as 17877 Von Karman Ave., Suite 100, Irvine, CA 92614.
For a prospective Bft franchisee, this means that in addition to the franchise agreement, there is a separate addendum that specifically addresses sourcing fees. It is important to carefully review this addendum to understand the obligations and costs associated with sourcing products or services through Bft.
Understanding the specifics of the Sourcing Fee Addendum is crucial for budgeting and financial planning. A potential franchisee should clarify with Bft what specific products or services are subject to sourcing fees, how these fees are calculated, and whether there are alternative sourcing options available. This will help in making an informed decision about the franchise opportunity and managing operational costs effectively.