Under the Bojangles Equipment Reimbursement Incentive Program, what is the deadline to sign a new development agreement to develop and operate at least three new Bojangles restaurants?
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's 2025 Franchise Disclosure Document, to be eligible for the Equipment Reimbursement Incentive Program, a prospective franchisee must sign a new development agreement no later than December 31, 2025. This agreement must commit the franchisee to develop and operate at least three new Bojangles restaurants. This incentive program is designed to encourage the expansion of the Bojangles brand by offsetting some of the initial equipment costs for new locations.
To qualify for the reimbursement, the new Bojangles restaurants must meet specific criteria. These restaurants must be opened in the assigned area within four years (if the development agreement is for three or four restaurants) or within five years (if the agreement is for five or more restaurants) from the agreement's effective date. Additionally, the site must be approved by Bojangles, and the restaurant must comply with the development schedule outlined in the agreement. A signed Franchise Agreement must also be fully executed by Bojangles.
Bojangles will reimburse the franchisee for up to $300,000 of equipment costs for each qualifying restaurant. This reimbursement will occur within 30 days after the restaurant opens and after Bojangles receives satisfactory invoices confirming the equipment costs. However, franchisees cannot participate in other incentive programs or receive other monetary concessions from Bojangles or its affiliates under other development agreements. If multiple development agreements are signed in the same year, the program will only apply to the agreement with the most store commitments.
It's important for prospective Bojangles franchisees to understand all the terms and conditions of the Equipment Reimbursement Incentive Program, including the deadlines, eligibility requirements, and reimbursement procedures. Franchisees must also ensure they remain in full compliance with all agreements with Bojangles and its affiliates to maintain eligibility for the program.