Does the Bananas Smoothies Frozen Yogurt Sublease Agreement require a Guarantor?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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"). |
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 includes a section for a Guarantor. The document outlines the roles of the sublessor (Everything Yogurt Brands, LLC) and the sublessee, along with key details of the lease agreement. The inclusion of a dedicated space for 'Guarantor' suggests that a guarantor may be required under certain circumstances.
The document specifies that the Sublease Agreement is made between Everything Yogurt Brands, LLC, as the sublessor, and the sublessee. It references the original lease and the franchise agreement between Bananas Smoothies Frozen Yogurt (as Franchisor) and the sublessee (as Franchisee). This setup ensures that the franchisee's operation of the Bananas Smoothies Frozen Yogurt restaurant is subject to both the franchise terms and the sublease terms.
While the document indicates the possibility of a guarantor, it does not explicitly state under which conditions a guarantor is mandatory. A prospective Bananas Smoothies Frozen Yogurt franchisee should clarify with the franchisor the specific situations that would necessitate a guarantor for the Sublease Agreement. Understanding these conditions is crucial for assessing the full scope of obligations and potential liabilities associated with the franchise.