Who is the Tenant under the Lease referenced 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"). |
| 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 Sublessor, Everything Yogurt Brands, LLC, is the Tenant under the Lease. The Sublease Agreement is established between Everything Yogurt Brands, LLC, as the Sublessor, and the Sublessee, who will operate a Restaurant under the Franchise Agreement.
This arrangement indicates that Everything Yogurt Brands, LLC, initially holds the lease for the premises and then subleases it to the franchisee. The franchisee, as the Sublessee, acknowledges receipt of a copy of the Lease, agreeing to its terms and provisions as if they were fully outlined in the Sublease Agreement. The franchisor, Everything Yogurt Brands, LLC, and the Sublessee have previously executed the current Franchise Agreement under which the Sublessee will operate a Restaurant as the term is defined in the Franchise Agreement subject to the term of the Franchise Agreement and this Sublease.
The document also states that the Landlord may unilaterally modify the Lease for the Demised Premises, in which case the Sublease Agreement may be amended. This highlights the franchisee's reliance on the original lease terms and any subsequent modifications made by the Landlord. The franchisee should pay close attention to the terms of the original lease and any amendments, as these will directly impact their rights and obligations as a sublessee.
Prospective Bananas Smoothies Frozen Yogurt franchisees should carefully review the Lease and Sublease Agreement to understand their obligations and rights, as well as the relationship between the Landlord, Sublessor (Everything Yogurt Brands, LLC), and Sublessee (Franchisee).