What is the consideration for the Bananas Smoothies Frozen Yogurt Sublease Agreement?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
December 25, 2022, amounting to $329,934, $337,169 and $287,993, respectively.
As of December 29, 2024 and December 31, 2023, net royalties receivables from affiliate-owned franchises amounted to $15,251 and $14,987, respectively, and are included in royalties and advertising fees receivable, net in the accompanying balance sheets.
EXHIBIT J To Disclosure Document
Sublease Agreement
SUBLEASE
Sublessor ("Sublessor"):
| State of Formation: |
|---|
| Address: |
| Sublessee ("Sublessee"): |
| State of Formation: |
| Address: |
| Sublease Date ("Sublease Date"): |
| Lease ("Lease"): |
| Dated: |
| Tenant ("Tenant"): |
| Landlord ("Landlord"): |
| Premises ("Demised Premises"): as described in the Lease. |
| Guarantor: |
| This Sublease Agreement is made this day of, 20, by and between |
| Everything Yogurt Brands, LLC, a Delaware limited liability company, having an address at 25 |
| Washington Street, Morristown, New Jersey 07960 ("Sublessor") and, having an address |
| at, ("Sublessee"). |
| WHEREAS, Sublessor is the Tenant under the Lease, the terms and provisions of which are |
| incorporated as if fully set out herein; |
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt Franchise Disclosure Document, the Sublease Agreement between Everything Yogurt Brands, LLC, as the Sublessor, and the franchisee, as the Sublessee, involves granting a sublease of the Demised Premises to the Sublessee. The consideration for this agreement is rooted in the franchisee's commitment to operate a Bananas Smoothies Frozen Yogurt restaurant at the specified location, as defined in the Franchise Agreement. The franchisee's operation of the restaurant under the terms of the Franchise Agreement serves as a key element of consideration for the Sublease.
This arrangement is contingent upon the franchisee and Everything Yogurt Brands, LLC having previously executed a current Franchise Agreement. The franchisee's rights and obligations under the Lease are tied to the term of the Franchise Agreement and the Sublease. The document also states that the Landlord may unilaterally modify the Lease for the Demised Premises, in which case this Sublease Agreement may be amended to reflect those changes.
In essence, the franchisee's agreement to operate a Bananas Smoothies Frozen Yogurt restaurant, as per the Franchise Agreement, forms the basis for being granted the Sublease. This ensures that the subleased premises are used in accordance with the franchisor's brand standards and operational guidelines. Prospective franchisees should carefully review both the Franchise Agreement and the Sublease Agreement to fully understand their rights and obligations, as modifications to the Lease by the Landlord could impact the terms of the Sublease.