Where can I find information about the 'Renewal Date' for a Big Apple Bagels franchise?

According to Big Apple Bagels' 2025 Franchise Disclosure Document, information regarding the 'Renewal Date' can be found in Item 22, which discusses the franchise agreement's terms and conditions. Specifically, the agreement states that if a franchisee fails to provide notice of their intent not to renew the franchise at least six months before the agreement's expiration date, Big Apple Bagels has the right to impose an automatic renewal. This renewal would be effective on the agreement's scheduled expiration date, which is referred to as the "Renewal Date", for a renewal term of ten years. Upon renewal, the franchisee is obligated to pay Big Apple Bagels a renewal fee, as detailed in Paragraph 2.b.i.(g).

This clause in the franchise agreement has significant implications for franchisees. It emphasizes the importance of providing timely notice regarding renewal intentions. Failing to do so could result in an automatic renewal of the franchise agreement for an additional ten years, potentially binding the franchisee to terms and conditions they may not desire. This provision protects Big Apple Bagels by ensuring continuity and preventing abrupt terminations that could disrupt operations.

For prospective franchisees, this highlights the need to carefully consider their long-term plans and adhere to the notification requirements outlined in the franchise agreement. Understanding the conditions under which the franchise can be renewed, and the associated fees and obligations, is crucial for making informed decisions about the future of their Big Apple Bagels franchise. Franchisees should mark the notification deadlines on their calendars and engage in open communication with Big Apple Bagels regarding their intentions to avoid unintended automatic renewals.