What document must be signed as a condition of Cinnaholic accepting a proposed leased or subleased site?

According to Cinnaholic's 2025 Franchise Disclosure Document, if a developer proposes a site to be leased or subleased, Cinnaholic requires the developer, the lessor, and/or the sublessor to sign a Collateral Assignment of Lease, which is included as Exhibit B in the FDD. This requirement is a condition for Cinnaholic's acceptance of the proposed site.

This stipulation ensures that Cinnaholic has additional security and control over the lease agreement. By having all parties involved in the lease or sublease sign the Collateral Assignment of Lease, Cinnaholic aims to protect its interests in the event the franchisee defaults or encounters issues with the location.

Furthermore, Cinnaholic's acceptance of a proposed site may depend on the developer fulfilling other requirements, such as negotiating additional terms and conditions to the lease, sublease, or purchase agreement that are satisfactory to Cinnaholic. If the developer fails to meet these requirements within a reasonable timeframe, Cinnaholic reserves the right to reject the site. This underscores the importance of aligning the lease terms with Cinnaholic's standards to secure site approval.