What exhibit contains the Black Bear Diner Franchise Agreement?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
Single Unit. We grant franchises to individuals or entities for the operation of a single Black Bear Diner restaurant in accordance with our "System" under the terms of our Franchise Agreement attached to this disclosure document as Exhibit B. We refer to the restaurant that you and other franchisees will operate as a "Franchised Restaurant." A Black Bear Diner restaurant is a casual, family-style restaurant which offers huge portions at an affordable price along with a high perceived value. A Black Bear Diner restaurant is typically located in a free-standing, one-story building with surrounding parking. In many instances a prospective franchisee will be able to remodel and convert an existing building or former restaurant for the operation of a Black Bear
Diner restaurant. A franchisee may also elect to construct a new facility or utilize an end cap within a strip center for the operation of a Black Bear Diner restaurant.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–11)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, the Franchise Agreement is included as Exhibit B. This is a standard practice in franchising, as the Franchise Disclosure Document aims to provide potential franchisees with all the necessary information to make an informed decision. The inclusion of the Franchise Agreement allows prospective franchisees to review the specific terms and conditions they will be bound by if they decide to invest in a Black Bear Diner franchise.
Prospective franchisees should carefully examine Exhibit B, the Franchise Agreement, and fully understand its implications. This includes the length of the agreement, renewal options, fees, responsibilities, and any restrictions it places on the franchisee. It is advisable to seek legal counsel to review the agreement and clarify any concerns before signing.
Understanding the terms of the Franchise Agreement is crucial for any potential Black Bear Diner franchisee. It outlines the legal relationship between the franchisee and franchisor, and it governs the operation of the franchise. Therefore, reviewing Exhibit B is a critical step in the due diligence process.