Who is the Sublessor in 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"). |
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 Sublessor in the Sublease Agreement is Everything Yogurt Brands, LLC, a Delaware limited liability company. Their address is 25 Washington Street, Morristown, New Jersey 07960.
This means that Everything Yogurt Brands, LLC, as the tenant under the original lease, is subleasing the property to the franchisee (Sublessee). The franchisee will be operating a Bananas Smoothies Frozen Yogurt restaurant at the location. The document emphasizes that the Sublessee acknowledges receipt of a copy of the original lease and agrees to its terms, which are incorporated into the Sublease Agreement.
Prospective franchisees should carefully review the original lease and the Sublease Agreement to understand their obligations and rights, including rent payments, compliance with lease terms, and any restrictions on assigning or transferring the sublease. The franchisee is also responsible for providing the Landlord and Sublessor with copies of required insurance certificates. Furthermore, the franchisee is responsible for paying rent and other charges directly to the Landlord, while franchise fees are paid separately to the Franchisor, Everything Yogurt Brands, LLC.