Where can I find the Black Bear Diner Area Development Agreement exhibit?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
Area Development Agreement. In addition to awarding franchises for a single Black Bear Diner restaurant, we also grant qualified franchisees the option and right to develop multiple Franchised Restaurant(s) within a specific geographic area ("Development Area") over a specific time period according to a pre-determined development schedule. These franchisees will sign our Area Development Agreement in the form attached as Exhibit C to this disclosure document. Under the Area Development Agreement, you will sign a separate Franchise Agreement for each Franchised Restaurant you establish. The Franchise Agreement you sign will be the then-current form of Franchise Agreement we are offering to new franchisees. The size of the Development Area will vary depending upon local market conditions and the number of Franchised Restaurants to be developed.
From March 2012 to March 2018, we offered to certain qualified existing Black Bear Diner franchisees an option to develop and operate one additional Black Bear Diner restaurant in a specific territory under the terms of an Option Agreement. Currently, we do not intend to offer any additional Option Agreements.
Source: Item 22 — CONTRACTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 Black Bear Diner Franchise Disclosure Document, the Area Development Agreement that Black Bear Diner uses when granting qualified franchisees the option to develop multiple restaurants within a specific geographic area is included as Exhibit C to the disclosure document. This agreement allows franchisees to develop multiple Black Bear Diner restaurants within a Development Area over a specific time period, according to a pre-determined development schedule.
Under the Area Development Agreement, a franchisee will sign a separate Franchise Agreement for each restaurant they establish. The Franchise Agreement signed will be the then-current form that Black Bear Diner is offering to new franchisees. The size of the Development Area will vary depending on local market conditions and the number of restaurants to be developed.
Black Bear Diner previously offered an option to certain qualified existing franchisees to develop and operate one additional restaurant in a specific territory under the terms of an Option Agreement from March 2012 to March 2018. However, Black Bear Diner does not currently intend to offer any additional Option Agreements.