What is the deadline for a Buns On Fire franchisee to acquire a site location after executing the addendum?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
- (i.) 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;
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- Franchisee to conditionally assign such lease to the Franchisor (with the consent of the lessor, if required) by conditional lease assignment provisions in form annexed to Franchise Agreement as Exhibit "C" in order to secure performance of any and all of Franchisee's liabilities and obligations to the Franchisor; or
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3. That such lease contains substantially the following provisions:
- a. "Anything contained in this lease to the contrary notwithstanding, Lessor agrees that without its consent, this lease and the right, title and interest of the Lessee hereunder may be assigned by the Lessee to SMYA Ventures LLC, an Illinois limited liability company or its designee."
- b. "Lessee hereby agrees that Lessor may, upon the written request of Buns on Fire, disclose to Buns on Fire all reports, information or data in Lessor's possession with respect to sales made in, upon, or from the leased premises."
- c. "Lessor shall give written notice to Buns on Fire (concurrently with the giving of such notice to Lessee) of any default by Lessee under the lease and Buns on Fire shall have the right, in its sole discretion, to cure any such default. Such notice shall be sent to Buns on Fire at its headquarters, or such other address as Buns on Fire may specify in writing to Lessor."
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, a franchisee must acquire or lease an approved premises for their Franchised Business within ninety (90) days from the date of executing the Franchise Agreement. The franchisor, Buns On Fire, retains the right to require the franchisee to execute a Site Addendum Agreement.
This requirement ensures that franchisees promptly secure a location to begin operations. The 90-day timeframe provides a structured period for site selection and lease negotiation, aligning with Buns On Fire's goal of efficient franchise setup. The Site Addendum Agreement likely contains specific terms and conditions related to the site, which the franchisee must adhere to.
Buns On Fire also has the right to conditionally assign the lease to SMYA Ventures LLC to secure the franchisee's obligations. This means that Buns On Fire can ensure that the franchisee meets their financial and operational responsibilities. Additionally, Buns On Fire requires that the lease contains provisions allowing assignment to SMYA Ventures LLC and enabling the lessor to share sales data with Buns On Fire, as well as requiring the lessor to notify Buns On Fire of any lease defaults, giving Buns On Fire the option to cure such defaults.
Prospective franchisees should carefully review the Site Addendum Agreement and lease terms to understand their obligations and the franchisor's rights regarding site control and lease assignment. Understanding these requirements is crucial for a smooth and compliant franchise operation with Buns On Fire.