What is the role of Bft Franchise SPV, LLC in this rider?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS RIDER (this "Rider") 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, | |
| whose principal business address is | ("Franchisee"). |
| 1. | are parties to that certain Franchise Agreement dated |
| Background. Franchisor | |
| and Franchisee | |
| , 20 (the "Franchise Agreement") that has been signed concurrently | |
| with the signing of this Rider. This Rider supersedes any inconsistent or conflicting provisions of the | |
| Franchise Agreement. Terms not otherwise defined in this Rider have the meanings as defined in the | |
| Franchise Agreement. | |
| This Rider is annexed to and forms part of the Franchise Agreement. This Rider is | |
| being signed because (a) any of the offering or sales activity relating to the Franchise Agreement occurred | |
| in Rhode Island, or (b) Franchisee is a resident of the State of Rhode Island and | the Studio that Franchisee |
| develops under its Franchise Agreement is or will be operated in the State of Rhode Island. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, Bft Franchise SPV, LLC, identified as a Delaware limited liability company with a principal business address at 17877 Von Karman Ave., Suite 100 Irvine, CA 92614, acts as the Franchisor in the context of the franchise agreement riders. This means that Bft, as the Franchisor, is the entity granting the franchise to the Franchisee or Developer.
The riders, which are annexed to and form part of either a Franchise Agreement or a Multi-Unit Agreement, are entered into by and between Bft and the Franchisee or Developer. These riders are signed due to specific circumstances such as the franchisee's residency, the location of the studio, or sales activities occurring in certain states like Minnesota or Rhode Island. The riders also address specific legal requirements or modifications to the standard franchise agreement based on state laws.
Essentially, Bft Franchise SPV, LLC is the entity that holds the responsibility of granting and overseeing the franchise, while the riders serve to tailor the franchise agreement to comply with specific state regulations or to modify certain terms of the agreement. These riders ensure that the franchise agreement adheres to local laws and addresses any unique conditions applicable to the franchisee's location or situation.