Under what condition will a Bft developer be afforded an extension of time?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Notwithstanding anything contained in this Section, Franchisor will provide Developer with a onetime reasonable extension of time not to exceed 90 days to comply with its development obligations in any one of the Development Period as set forth in the Development Schedule (see Exhibit A), provided: (i) Developer has already executed a lease for, or otherwise obtained, a Site (defined in Section 2.D below) that Franchisor approves for any Studio(s) it is required to conduct its Soft Opening and operate during that Development Period; and (ii) Developer notifies Franchisor of its need for such an extension no less than 30 days prior to expiration of that Development Period. The Parties agree and acknowledge that Franchisor's grant of this one-time extension under this Section will not extend, modify or otherwise affect the expiration of any of Developer's subsequent Development Periods or subsequent development obligations.
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, a developer may be granted a one-time extension of time, not exceeding 90 days, to meet their development obligations within a specific Development Period. This extension is not automatic and is subject to certain conditions.
To qualify for this extension, the Bft developer must have already secured a site, either through a lease or other means, that Bft approves for the establishment of a studio. This site must be intended for a studio that the developer is obligated to open and operate during the Development Period for which they are seeking the extension. Additionally, the developer must formally notify Bft of their need for the extension at least 30 days before the expiration of the Development Period in question.
It's important to note that this extension is a one-time accommodation, meaning Bft will only grant it once during the entire development schedule. Furthermore, the granting of this extension for one Development Period does not alter or extend the deadlines for any subsequent Development Periods or future development obligations. This ensures that the overall development timeline remains consistent, despite the temporary adjustment for a specific period.
This policy provides a limited safety net for Bft developers facing unforeseen delays in securing and preparing a site, but it also emphasizes the importance of proactive planning and communication. Developers should be aware of these conditions and ensure they meet the criteria to be eligible for the extension if needed.