Under the Development Agreement or Individual Franchise Agreement, how long does Bojangles have to approve or disapprove a franchisee's mortgage, deed of trust, or lease?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
Approve or disapprove your mortgage, deed of trust or lease with comments as to any disapproval within 20 days of our receipt of a copy of it.
We may waive this requirement in our discretion. (Development Agreement Section IV.B.; Individual Franchise Agreement Section V.B.; Bojangles Express Franchise Agreement Section V.B.).
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 37–49)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, Bojangles will either approve or disapprove a franchisee's mortgage, deed of trust, or lease within 20 days of receiving a copy of it. Bojangles will also provide comments regarding any disapproval. However, Bojangles can waive this requirement at their discretion.
This approval process is a pre-opening obligation for franchisees. It is important for prospective franchisees to factor this 20-day approval period into their timeline when securing financing and property for their Bojangles restaurant. The fact that Bojangles may waive this requirement provides some flexibility, but franchisees should not rely on this.
It is common practice in the franchise industry for franchisors to have some level of approval over a franchisee's lease or financing, as these factors can significantly impact the success and brand image of the franchise. The 20-day window provided by Bojangles seems reasonable for this type of review.