Is there an Authorized Location Addendum included as an exhibit to the Bft Franchise Agreement?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
the Studio in accordance with this Agreement, including, subject to Franchisor's prior written acceptance, timely locating, selecting, and securing possession of the Authorized Location.
Franchisee must provide any information Franchisor requests to aid in its evaluation of Franchisee's proposed site. Franchisor will have sole discretion to accept or reject any proposed site. Franchisor's acceptance is entirely for its own benefit and may not be relied upon by Franchisee as a representation, warranty, or indication of any kind, including as to the suitability of the Authorized Location or the likelihood of success of the Studio. Franchisor is not responsible should any of the criteria on which it bases its decision change or not serve the Franchisee's purposes.
When it accepts Franchisee's proposed site, Franchisor will designate, in its sole determination based on any and all factors that Franchisor determines to be important, an area around the Authorized Location (the "Designated Territory"). If the Authorized Location and Designated Territory are not identified in Exhibit 1 when this Agreement is signed, Franchisor will, upon its acceptance of Franchisee's proposed site for the Studio, complete and deliver to Franchisee the Authorized Location Addendum attached hereto as Exhibit 2. Franchisee will have 10 days following delivery of the Authorized Location Addendum to execute and return it to Franchisor.
Source: Item 22 — CONTRACTS (FDD page 79)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, an Authorized Location Addendum is included as an exhibit to the Franchise Agreement. Specifically, if the Authorized Location and Designated Territory are not identified in Exhibit 1 when the Franchise Agreement is signed, Bft will complete and deliver to the franchisee the Authorized Location Addendum attached as Exhibit 2 upon acceptance of the franchisee's proposed site. The franchisee then has 10 days to execute and return the addendum to Bft.
This addendum is a crucial part of the site selection process. If a franchisee rejects the addendum or fails to sign and return it within the 10-day timeframe, Bft has the discretion to revoke its acceptance of the Authorized Location. In such a case, the franchisee must propose an alternative site for Bft's approval within the remaining Site Acceptance Period.
Exhibit A, as listed in Item 10, includes exhibits that cover ownership interests, the designated market area, the authorized location, and the designated territory. Item 22 also confirms that Exhibit 2 is the Authorized Location Addendum. Item 23 includes Exhibit 2 to the Franchise Agreement, which is the Authorized Location Addendum.