Under the Bojangles Equipment Reimbursement Incentive Program, what is the maximum amount that Bojangles will reimburse a franchisee for equipment costs related to a new ERI Qualifying Restaurant?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
ntive Program
We also have implemented an Equipment Reimbursement Incentive Program (the "ERI Program"). If you are eligible to participate in the ERI Program, 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 ERI Qualifying Restaurant (as defined below) within thirty (30) days after (i) the opening of the ERI 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 in the ERI Qualifying Restaurant.
In order to participate in the ERI Program, you must meet the following conditions: (1) you must sign a new development agreement with Bojangles no later than December 31, 2025 (the "Development Agreement") to develop and operate at least three new Bojangles restaurants; (2) you must sign an Equipment Reimbursement Incentive Program Addendum to your Development Agreement and Franchise Agreement (see Exhibit P-2); (3) 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; (4) if you sign multiple new development agreements with us simultaneously or in the same year, the ERI Program will only apply to your development agreement that has the most store commitments listed therein; and (5) you and your affiliates must be in full compliance with any agreements you have entered into with us and/or our affiliates.
If you are eligible to participate in the ERI Program, the number of ERI Qualifying Restaurants eligible for reimbursement will vary depending on the number of development commitments under your Development Agreement, as described in the table below:
| Number of Total Development Commitments under Development Agreement: | Reimbursement Applied to the following ERI Qualifying Restaurants only: | |---|---| | 3 or 4 | 1st and 2nd ERI Qualifying Restaurants only | | 5 or more | 1st, 2nd and 5th ERI Qualifying Restaurants only | An "ERI 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.
Our ERI Program is contingent on you remaining current with all royalty fee payments and all other financial or monetary obligations owed to us and our affiliates under any Franchise Agreement with us and any other agreements you have entered into with us and/or our affiliates.
Source: Item 5 — INITIAL FEES (FDD pages 17–21)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the Equipment Reimbursement Incentive Program (ERI Program) offers a potential reimbursement of up to $300,000 for equipment costs related to developing a new ERI Qualifying Restaurant. This reimbursement is provided by Bojangles or one of its affiliates. The reimbursement will occur within thirty days after the restaurant opens and after Bojangles receives satisfactory invoices confirming the total equipment cost.
To be eligible for the ERI Program, a franchisee must meet several conditions. These include signing a new development agreement with Bojangles by December 31, 2025, to develop at least three new restaurants, and signing an Equipment Reimbursement Incentive Program Addendum. Franchisees cannot participate in other incentive programs or receive other monetary concessions from Bojangles or its affiliates simultaneously. If multiple development agreements are signed, the ERI Program applies only to the agreement with the most store commitments. Furthermore, the franchisee must be in full compliance with all existing agreements with Bojangles and its affiliates.
An ERI Qualifying Restaurant must meet specific criteria, including being opened within four or five years of the development agreement's effective date, depending on whether the agreement is for three/four or five or more new restaurants, respectively. The restaurant site must be approved by Bojangles, comply with the development schedule, and have a fully executed Franchise Agreement. Continued participation in the ERI Program is contingent on the franchisee remaining current with all royalty fee payments and other financial obligations to Bojangles. Bojangles may terminate participation in the ERI Program if the franchisee fails to comply with the terms of their agreements, and the ERI Program itself will expire on December 31, 2025.