What is the 'Sourcing Fee Addendum' related to Bft referred to as in this document?

According to Bft's 2025 Franchise Disclosure Document, the Sourcing Fee Addendum is referred to as "THIS SOURCING FEE ADDENDUM(this “Sourcing Fee Addendum”)." This addendum is an agreement between BFT FRANCHISE SPV, LLC, identified as the Franchisor, and the franchisee. The franchisor's principal business address is at 17877 Von Karman Ave., Suite 100, Irvine, CA 92614.

This addendum likely outlines the terms and conditions related to sourcing fees, which are payments made by the franchisee to the franchisor or a designated supplier for products, equipment, or services. These fees are common in franchising and can cover various aspects of the business, such as initial equipment purchases, ongoing supply of goods, or access to approved vendors.

Prospective Bft franchisees should carefully review the Sourcing Fee Addendum to understand the specific obligations and costs associated with sourcing products and services through the franchisor. This includes understanding what products or services are subject to the sourcing fee, how the fee is calculated, and whether there are any restrictions on sourcing from alternative suppliers. Understanding these details is crucial for assessing the overall financial viability of the franchise and ensuring compliance with the franchise agreement.