Does Bojangles use a Letter of Intent as part of its standard program?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
| FRANCHISOR: BOJANGLES OPCO, LLC, | RECIPIENTS: FRANCHISEE: | |---------------------------------------------------------|----------------------------| | a Delaware limited liability company | [FRANCHISEE ENTITY NAME], a [State] [Type of Entity] | | By: | By: | | Jim Cannon | [Name] | | Chief Development Officer | [Title] | | Effective Date: | Date: | | Notice Address: | Notice Address: | | Via first class, postage prepaid, registered or | [Street Address] | | certified mail: | [City], [State] [Zip Code] | | P.O. Box 240239 | Email: [Email Address] | | Charlotte, NC 28224 | | | Attn: Chief Legal Officer | [INDIVIDUAL OWNER'S NAME], | | Via personal delivery or overnight courier | a resident of [State] | | services: | | | 9432 Southern Pine Boulevard | | | Charlotte, NC 28273 | Date: | | Attn: Chief Legal Officer | Notice Address: [Street Address] [City], [State] [Zip Code] Email: [Email Address] [INDIVIDUAL OWNER'S NAME], a resident of [State] | | | Date: Notice Address: [Street Address] [City], [State] [Zip Code] Email: [Email Address] |
EXHIBIT H LETTER OF INTENT (STANDARD PROGRAM)
LETTER OF INTENT (this "LOI")
This LOI is by and between BOJANGLES OPCO, LLC ("Bojangles"), a Delaware limited liability company with its offices located at 9432 Southern Pine Boulevard, Charlotte, North Carolina 28273 and [POTENTIAL FRANCHISEE ENTITY NAME] ("**Prospective Franc
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to the 2025 Bojangles Franchise Disclosure Document, Bojangles utilizes a Letter of Intent (LOI) as part of its standard franchise program. Exhibit H of the FDD is the Letter of Intent for the standard program. The LOI is an agreement between Bojangles Opco, LLC and the prospective franchisee.
The LOI outlines the minimum financial requirements for prospective franchisees, stating that they must have at least $1,350,000 in liquid assets and a $2,500,000 net worth. The document also identifies the Managing Owner, who must own a majority interest in the Prospective Franchisee. If no majority holder exists, then the individual with the next highest percentage equity interest is identified.
This Letter of Intent serves as a preliminary agreement, outlining the basic terms and conditions under which Bojangles is willing to consider granting franchise rights. It allows both parties to gauge their interest and alignment before proceeding with the more detailed and legally binding franchise agreement. The financial requirements specified in the LOI ensure that prospective franchisees have the necessary capital to successfully develop and operate a Bojangles restaurant.