What constitutes a 'DIP Qualifying Restaurant' for Bojangles, and what agreement outlines the development deadlines?

According to Bojangles's 2025 Franchise Disclosure Document, a 'DIP Qualifying Restaurant' is defined as a new restaurant developed on a site approved by Bojangles within the deadlines specified in the Development Agreement. The Development Agreement outlines the specific development deadlines that a franchisee must adhere to in order to qualify for the Development Incentive Program (DIP).

To be eligible for the DIP Program, a franchisee must meet several conditions, including signing a Development Agreement by December 31, 2025, to develop and operate at least three Bojangles restaurants. They must also sign a Development Incentive Program Addendum to their Development Agreement and Franchise Agreement. Furthermore, Eligible Persons (URM individuals, women, and/or veterans) must hold at least 51% of the ownership interests, and the franchisee cannot participate in any other incentive programs offered by Bojangles. Compliance with all existing agreements with Bojangles and its affiliates is also mandatory.

Missing from the definition of 'DIP Qualifying Restaurant' is the specific Development Agreement exhibit that outlines the development deadlines. A prospective franchisee should carefully review the Development Agreement and its associated schedules to fully understand the timelines and obligations for site approval, construction commencement, and restaurant opening to ensure compliance and eligibility for the DIP Program incentives, such as the 50% reduction in franchise fees for the first two DIP Qualifying Restaurants.