What monetary obligations must a Big Apple Bagels franchisee satisfy to be eligible for renewal?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
ination of the Franchise Agreement of Franchisee's BAGELS Production Store, unless sooner terminated as provided in Sections 15 and 16 hereof.
b. Renewal.
- i. For a BAGELS Production Store Franchise or a BAGELS Satellite Store Franchise, Franchisee may, at his option, renew the Franchise for two additional ten (10) year terms, provided that:
- (a) Franchisee has given Franchisor written notice of his election to renew not less than six (6) months nor more than twelve (12) months prior to the end of
Source: Item 22 — CONTRACTS (FDD pages 86–87)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, a franchisee must meet specific monetary obligations to be eligible for renewal. The franchisee must have satisfied all monetary obligations owed to Big Apple Bagels, its affiliates, and designated suppliers. Furthermore, these obligations must have been met in a timely manner throughout the term of the franchise agreement.
In addition to satisfying all outstanding debts, the franchisee is also required to pay a renewal fee of $2,500.00 to Big Apple Bagels. This fee must be paid to proceed with the renewal process.
These financial requirements are typical in franchising, as franchisors need to ensure that franchisees are in good financial standing and committed to the brand before extending the franchise agreement. Meeting these obligations is a prerequisite for further consideration of the renewal, alongside other factors such as compliance with operational standards and agreement to upgrades.