Does Burros Fries allow franchisees to buy or lease the required real property from any source?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee may buy or lease the required real property and improvements from any source and on terms approved by us in writing. Franchisee may not sign a lease (or a contract to purchase the premises, if applicable) for the Business until Franchisee has obtained our written approval. Franchisee must not invest any monies for a site in which Franchisee wishes to open a Business until Franchisee has obtained our written approval for the site which will be made by email or any other form of written communication. On the execution of any lease for the Franchise Business, Franchisee will deliver to us a copy of the executed lease and an option to assume the lease executed by the lessor in favor of us in a form acceptable to us. All improvements to the Business must be approved by us.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, franchisees can buy or lease the required real property and improvements from any source. However, this is contingent upon receiving written approval from Burros Fries.
Before signing a lease or purchase contract, franchisees must obtain written approval from Burros Fries. Furthermore, franchisees are prohibited from investing any money in a site before receiving written approval, which will be communicated via email or other written means.
Upon executing a lease, franchisees must provide Burros Fries with a copy of the executed lease and an option for Burros Fries to assume the lease, executed by the lessor in a form acceptable to Burros Fries. All improvements to the business must also be approved by Burros Fries.