What documents must a Hawaiian Bros Island Grill developer submit with their notice to continue developing?
Hawaiian_Bros_Island_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
(c) To secure a renewal of the development rights, Developer must comply with the following procedures:
(i) No later than 60 days before the earlier of the last Development Period End Date listed in Exhibit B or the date on which the last Hawaiian Bros Restaurant to be opened under the Development Schedule is scheduled to be opened (as set forth in the Franchise Agreement for such restaurant), Developer must notify Company of Developer's desire to continue developing Hawaiian Bros Restaurants in the Development Area and submit to Company a new application, current financial information for Developer and its Controlling Principals, copies of any outstanding lawsuits, proof of payment of all taxes, copies of Developer's latest tax returns, and Developer's latest quarterly unaudited financial statements.
Developer's notice must specify the number of additional Hawaiian Bros Restaurants Developer proposes to develop in the Development Area.
- (ii) Company will evaluate the application Developer submits as well as Developer's financial information and development proposal no later than 30 days before the renewal date.
If Company determines that Developer qualifies to develop additional Hawaiian Bros Restaurants, it will furnish Developer a new Development Agreement on the form Company is then using.
The exhibits to that agreement will reflect the Development Area boundaries, number of Hawaiian Bros Restaurants and development schedule that Company is willing to accept, which may differ from Developer's proposal.
Source: Item 23 — RECEIPTS (FDD pages 77–262)
What This Means (2025 FDD)
According to the 2025 Hawaiian Bros Island Grill FDD, a developer seeking to renew their development rights must provide several documents to the company. No later than 60 days before the end of the development period or the date the last restaurant is scheduled to open, the developer must notify Hawaiian Bros Island Grill of their desire to continue developing in the area.
Along with this notification, the developer must submit a new application, current financial information for both the developer and its controlling principals, and copies of any outstanding lawsuits. The developer must also provide proof of payment of all taxes, copies of their latest tax returns, and their latest quarterly unaudited financial statements.
Hawaiian Bros Island Grill will then evaluate the application, financial information, and development proposal within 30 days before the renewal date. If the company determines the developer qualifies, they will be furnished with a new Development Agreement, which may differ from the developer's original proposal regarding the development area, number of restaurants, and development schedule.