Within how many days of executing the Franchise Agreement must a Bft franchisee secure approval of an Authorized Location?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
You must secure our approval of an Authorized Location within 90 days of executing your Franchise Agreement for that Studio or we may terminate that Franchise Agreement (Franchise Agreement, Section 1.2).
Site Selection Assistance: Multi-Unit Agreement
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 37–50)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, a franchisee must secure approval of an Authorized Location within 90 days of executing the Franchise Agreement. Failure to do so may result in Bft terminating the Franchise Agreement.
Bft may extend the time for a franchisee to obtain a site if they cannot agree on a location. However, Bft also retains the right to terminate the Franchise Agreement if a suitable site cannot be found. This clause underscores the importance of proactive site selection and communication with Bft during the initial phase of the franchise agreement.
Bft also specifies that if a franchisee does not sign a premises lease agreement accepted by them for the Authorized Location within six months after signing the Franchise Agreement, Bft may terminate the agreement without refunding the Initial Franchise Fee. Furthermore, if the franchisee does not conduct the Studio's Soft Opening within fifteen months after signing the Franchise Agreement, Bft may terminate the agreement without refund.
These timelines highlight the importance of efficient site selection, lease negotiation, and overall project management to ensure compliance with Bft's requirements and avoid potential termination of the franchise agreement and loss of the initial franchise fee.