Under what conditions will a new Bojangles restaurant be considered a 'Qualifying Restaurant' eligible for equipment cost reimbursement?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
- A "Qualifying Restaurant" is a new Bojangles restaurant: (1) opened by you in the Assigned Area noted in your Development Agreement within four years (if your qualifying Development Agreement is for three or four new restaurants) or within five years (if your Development Agreement is for five or more new restaurants), respectively, after the effective date of your Development Agreement; (2) that is located on a site approved by us; (3) that is in compliance with the deadlines set forth on the Development Schedule attached to your Development Agreement and opened within the timelines set forth therein; and (4) for which a signed Franchise Agreement has been fully executed by us, on our approved form
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, a new restaurant can be considered a 'Qualifying Restaurant' if it meets specific criteria related to its development and operation under the Equipment Reimbursement Incentive Program. This program is designed to encourage the development of new franchised Bojangles restaurants by offering financial assistance with equipment costs. To be eligible for this program, a developer must sign a new development agreement no later than December 31, 2025, committing to develop at least three new Bojangles restaurants.
Specifically, a 'Qualifying Restaurant' must meet several conditions. First, it must be opened by the developer in the assigned area as specified in the Development Agreement within a certain timeframe: four years if the agreement is for three or four new restaurants, or five years if it's for five or more restaurants, starting from the effective date of the Development Agreement. Second, the restaurant's location must be approved by Bojangles. Third, the restaurant must comply with the deadlines outlined in the Development Schedule attached to the Development Agreement and be opened within the specified timelines. Finally, a signed Franchise Agreement must be fully executed by Bojangles using their approved form.
Meeting these conditions is crucial for a franchisee to receive reimbursement for equipment costs, which can be up to $300,000 per Qualifying Restaurant. This reimbursement is typically provided within 30 days after the restaurant opens and after Bojangles receives satisfactory invoices confirming the equipment costs. The number of restaurants eligible for reimbursement depends on the number of development commitments made in the Development Agreement. Franchisees should ensure they understand and adhere to all these requirements to maximize their eligibility for the Equipment Reimbursement Incentive Program.