Which states, besides California, have made inquiries regarding Bft's compliance with applicable franchise laws?

According to Bft's 2025 Franchise Disclosure Document, in addition to California, the company has received inquiries from several other states regarding its compliance with franchise laws. Specifically, these inquiries came from the Office of the Attorney General of the State of New York, the Office of the Attorney General of the State of Maryland, the Washington Department of Financial Institutions, and the Minnesota Department of Commerce.

This indicates that Bft has been subject to scrutiny from multiple state regulatory bodies concerning its adherence to franchise regulations. For a prospective franchisee, this could suggest a need for careful due diligence into Bft's legal and regulatory compliance history. It may also be prudent to inquire about the nature of these inquiries and their potential impact on the franchise system.

It's important to note that the document states that Bft entered into a Consent Order with California's Department of Financial Protection and Innovation (DFPI) on November 4, 2024, without admitting any wrongdoing, to resolve an investigation that began on April 10, 2023. This, along with the inquiries from other states, highlights the importance of understanding the regulatory landscape and Bft's past interactions with regulatory agencies. A potential franchisee should consider seeking legal counsel to fully assess the implications of these regulatory matters.