We grant franchises to individuals or entities for the operation of a single Black Bear Diner restaurant in accordance with our “System” under the terms of our Franchise Agreement attached to this disclosure document as Exhibit B. We refer to the restaurant that you and other franchisees will operate as a “Franchised Restaurant.” A Black Bear Diner restaurant is a casual, family-style restaurant which offers huge portions at an affordable price along with a high perceived value. A Black Bear Diner restaurant is typically located in a free-standing, one-story building with surrounding parking. In most instances a prospective franchisee will be able to remodel and convert an existing building or former restaurant for the operation of a Black Bear Diner restaurant. Though not typical, a franchisee may elect to construct a new facility or utilize an end cap within a strip center for the operation of a Black Bear Diner restaurant.
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