What is the typical term length of Bft's franchise agreements?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
es lease agreement accepted by Franchisor for the Authorized Location no later than six (6) months after the execution of this Agreement (the "Lease Execution Deadline"), and Franchisee must, with Franchisor's written approval, open the Studio's doors to the general public for participation in regular classes in the physical premises of the Studio (the "Soft Opening") no later than fifteen (15) months after the execution of this Agreement (the "Opening Deadline"); and
- E. Franchisee agrees at all times to comply with the Learning Management System (as defined in Section 6.3 below), and all required standards, operating systems, and other aspects of the System prescribed by Franchisor (the "System Standards"), each of which is subject to change at Franchisor's discretion.
3. TERM AND SUCCESSOR FRANCHISE
- 3.1 Term. The term of this Agreement shall be for a period of ten (10) years beginning on the Effective Date, unless sooner terminated under Section 15 (the "Term").
- 3.2 Successor Franchise. Subject to this Section, Franchisee will be eligible to acquire one (1) separate and consecutive successor franchise for an additional ten (10) year term (a "Successor Franchise"). To acquire the Successor Franchise:
- A. Prior to expiration of the Term, Franchisee shall execute Franchisor's then-current form of franchise agreement for BFT Studios, modified as necessary to reflect that the franchise granted therein is a Successor Franchise (the "Successor Franchise Agreement"). The provisions of the Successor Franchise Agreement may differ from and shall supersede this Agreement in all respects, including changes in royalty and advertising fees, except that Franchisee shall pay the Successor Franchise Fee (as defined in Section 3.2.F below) instead of the Initial Franchise Fee (as defined in Section 5.1 below).
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the initial term of the franchise agreement is ten years, beginning on the effective date. This means a franchisee can operate their Bft studio for a decade, provided they adhere to the terms and conditions outlined in the agreement.
Bft also offers the possibility of a successor franchise agreement, allowing franchisees to extend their term for another ten years. To be eligible for a successor franchise, the franchisee must execute Bft's current franchise agreement, demonstrate the right to remain at the authorized location, release any claims against Bft, complete any required studio renovations, and substantially comply with the existing franchise agreement terms.
To obtain a Successor Franchise, the franchisee must provide Bft with written notice of their intent to acquire the Successor Franchise no less than 90 days or more than 180 days before the expiration of the initial term. They also must pay Bft a successor franchise fee of $10,000. If a franchisee continues to operate the studio after the initial term without renewing, Bft may consider this an election to extend the term on a month-to-month basis.