What must the lease documents include for an Afuri Ramen Dumpling franchise?

According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, before a franchisee enters into a lease or purchase agreement for the franchise premises, they must submit the lease or purchase documents to Afuri Ramen Dumpling for approval. The lease documents must include the Franchise Premises Lease Agreement Rider, which is attached as Exhibit 2 in the FDD. Alternatively, the lease documents must include an assignment of the lease in a form that Afuri Ramen Dumpling approves, which allows them to assume the lease as detailed in Exhibit 2.

This requirement ensures that Afuri Ramen Dumpling maintains control over the location of its franchises and has the ability to protect its interests should a franchisee default on their lease obligations. By including the Lease Agreement Rider or an approved lease assignment, Afuri Ramen Dumpling can step in and assume the lease, thereby preserving the franchise location and minimizing potential disruptions to the brand.

It is important for prospective Afuri Ramen Dumpling franchisees to carefully review Exhibit 2 of the FDD to understand the specific terms and conditions of the Franchise Premises Lease Agreement Rider and the requirements for an acceptable lease assignment. Franchisees should also be aware that Afuri Ramen Dumpling has the right to approve or disapprove any lease, and that the franchisee is responsible for ensuring the lease meets Afuri Ramen Dumpling's minimum acceptable criteria.