What is the Buns On Fire franchisee's obligation regarding lease agreements when transferring the franchise?

According to the 2025 Buns On Fire Franchise Disclosure Document, when a franchisee terminates their agreement, they must vacate and surrender the franchised business premises according to the terms and conditions outlined in the lease or conditional lease assignment. This obligation is triggered by the effective date of termination and upon demand from Buns On Fire.

In the process of establishing a Buns On Fire franchise, the franchisor may require the franchisee to conditionally assign the lease to Buns On Fire. This assignment, which requires the lessor's consent if stipulated in the lease, serves to secure the franchisee's performance of their liabilities and obligations to Buns On Fire. The lease agreement may also contain specific provisions that allow Buns On Fire to receive sales data from the lessor, receive notice of any default by the franchisee, and have the right to cure such default.

Furthermore, the lease agreement may state that the lease can be assigned to SMYA Ventures LLC (or its designee) without the lessor's consent, and that if the Franchise Agreement expires or is terminated, the lease can be transferred to Buns On Fire at their option. Buns On Fire must provide written notice to the lessor within thirty days of the expiration or termination of the Franchise Agreement to exercise this option.