What is the deadline for a Buns On Fire franchisee to acquire a location after executing the addendum?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee shall operate the Franchised Business from a location in the Protected Territory. Franchisee shall acquire or lease within ninety (90) days from the date of execution of this Agreement, an approved premises for the Franchised Business. The Franchisor shall have the right in its sole discretion, to require:
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- Franchisee to execute a Site Addendum Agreement in the form attached hereto;
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
According to the 2025 Buns On Fire FDD, a franchisee is generally required to acquire or lease an approved premises for their Franchised Business within ninety (90) days from the date of execution of the Franchise Agreement. However, the franchisor retains the right to require the franchisee to execute a Site Addendum Agreement.
While the FDD specifies a 90-day timeframe for acquiring a location from the date of the Franchise Agreement, it does not explicitly state the deadline for acquiring a location after executing the Site Addendum Agreement. The Site Addendum Agreement is triggered at the franchisor's discretion, adding a layer of complexity to the location acquisition process.
Therefore, prospective Buns On Fire franchisees should seek clarification from the franchisor regarding the specific timeframe for securing a location following the execution of the Site Addendum Agreement to fully understand their obligations and timelines. This will help avoid potential misunderstandings or breaches of contract related to site selection and acquisition.