What is the latest date that a Development Agreement must be signed to be eligible for the Bojangles development incentive program?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
umented pursuant to a Development Agreement(s) and/or Franchise Agreement(s), as applicable, signed by the parties, and subject to Bojangles' internal approval process. Until Bojangles and Prospective Franchisee have executed actual Development Agreement(s) and/or Franchise Agreement(s), as applicable, either party may discontinue negotiations at any time for any reason.
ACKNOWLEDGED AND AGREED:
BOJANGLES OPCO, LLC [PROSPECTIVE FRANCHISEE ENTITY NAME]
EXHIBIT A Incentive Program(s)
[NOTE: SELECT APPLICABLE OPTION AND DELETE OPTIONS NOT APPLICABLE]
OPTION 1
[Equipment Reimbursement Incentive Program: details are provided in our FDD and include:
- You must sign a new development agreement no later than December 31, 2025 to develop and operate at least three new Bojangles restaurants.
- You may not be participating in any other incentive programs under any other development agreements with us or our affiliates nor receive any other monetary concessions from us or our affiliates.
- If you sign multiple new development agreements with us simultaneously or in the same year, the Program will only apply to your development agreement that has the most store commitments listed therein.
- You and your affiliates must be in full compliance with any agreements you have entered into with us and/or our affiliates.
- We or one of our affiliates, as directed by us, will reimburse you for up to $300,000 of your equipment costs relating to the development of each new Qualifying Restaurant within 30 days after (i) the opening of the Qualifying Restaurant; and (ii) our receipt of supporting invoice(s) from you, satisfactory to us, confirming the total equipment cost you paid for the equipment required to be installed
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, to be eligible for the Equipment Reimbursement Incentive Program, a prospective developer must sign a new Development Agreement no later than December 31, 2025. This agreement must commit the developer to opening at least three new Bojangles restaurants. This incentive aims to encourage the expansion of the Bojangles brand by offsetting some initial equipment costs.
However, there are additional conditions to consider. The developer cannot participate in any other incentive programs with Bojangles or its affiliates, nor can they receive any other monetary concessions. If multiple development agreements are signed simultaneously or in the same year, the incentive program will only apply to the agreement with the most store commitments. Furthermore, the developer and their affiliates must be in full compliance with all existing agreements with Bojangles and its affiliates.
If these conditions are met, Bojangles will reimburse the developer for up to $300,000 of equipment costs for each qualifying restaurant. A "Qualifying Restaurant" is defined as a new Bojangles restaurant opened in the assigned area within four years (if the agreement is for three or four restaurants) or five years (if the agreement is for five or more restaurants) after the Development Agreement's effective date. The site must be approved by Bojangles, and the restaurant must comply with the deadlines in the Development Schedule. A signed Franchise Agreement must also be fully executed by Bojangles.
This incentive program can significantly reduce the initial investment for new Bojangles franchisees, but it's crucial to understand all the eligibility requirements and compliance procedures. Developers should carefully review the Development Agreement and related addenda to ensure they meet all conditions and can maximize the benefits of the program.