What Lease is referenced in the Bananas Smoothies Frozen Yogurt Sublease Agreement?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
r 25, 2022, respectively.
The Company recognized royalties from affiliate-owned franchises for the years ended December 29, 2024, December 31, 2023 and 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 references a primary Lease under which Everything Yogurt Brands, LLC, acts as the tenant. The Bananas Smoothies Frozen Yogurt franchisee, as the sublessee, acknowledges receipt of a copy of this Lease, the terms of which are incorporated into the Sublease Agreement.
This arrangement means that the franchisee's rights to operate their Bananas Smoothies Frozen Yogurt location are subject to the terms and conditions of the original Lease between Everything Yogurt Brands, LLC, and the landlord. Any modifications the landlord makes to the original Lease may also affect the Sublease Agreement, potentially requiring amendments to the sublease.
Prospective Bananas Smoothies Frozen Yogurt franchisees should carefully review the original Lease in addition to the Sublease Agreement to fully understand their obligations and rights. They should also consider the possibility of the landlord modifying the original Lease and how that might impact their business operations. Understanding the interplay between the Lease and Sublease is crucial for a franchisee's success and compliance.