What is the name given to the location suitable for the operation of the Craters & Freighters Franchised Business?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.1 Grant. Subject to the terms and conditions of this Agreement, Franchisor grants to Franchisee a non-exclusive license to operate a Franchised Business at the Premises (as such term is defined below) using the System and the Marks for the Initial Term of this Agreement. Franchisee may not operate the Franchised Business at any site other than the Premises without Franchisor's prior written consent. Franchisee must use the Marks and System only in accordance with the terms and conditions of this Agreement.
- 4.2 Lease of Premises. Franchisee acknowledges that Franchisor must approve the lease, and any renewal of such lease (collectively, "Lease") for the Premises of the Franchised Business prior to executing such Lease. Franchisor's approval of such Lease cannot be unreasonably withheld or delayed. Franchisee agrees to use Franchisee's best efforts to incorporate into the Lease the terms and conditions set forth in the form of Collateral Assignment of Lease and Addendum, attached hereto as Attachment D to this Agreement. Franchisee acknowledges that Franchisor's approval of the Lease for the Premises does not constitute a guarantee or warranty by Franchisor, express or implied, of the successful operation or profitability of a Craters & Freighters Franchised Business operated at the Premises and indicates only that Franchisor believes the terms and conditions of the Lease fall within the acceptable criteria established by Franchisor as of that time. Franchisee agrees to deliver a copy of the executed Lease to Franchisor within fifteen (15) days after the execution of such Lease.
- 4.3 Development of the Premises. Franchisee will be solely responsible for developing and furnishing the Premises. Franchisor will provide to Franchisee mandatory or suggested specifications for the premises of a Craters & Freighters Franchised Business including but not limited to those involving dimensions, design, image, interior layout, décor, fixtures, Equipment, computer hardware and software, signs, and color scheme which Franchisor has approved based on its standards for quality, design, appearance, function, and performance. Franchisee must provide Franchisor with the construction plans for the Premises ("Construction Plans"), and receive Franchisor's written approval of such Construction Plans, before construction of the Premises commences. Franchisee will, upon request by Franchisor, submit to Franchisor all revised or "as
Source: Item 22 — CONTRACTS (FDD pages 49–50)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, the location from which a franchisee operates their Craters & Freighters business is referred to as the "Premises." The franchisee is granted a non-exclusive license to operate their franchised business at this specified location.
Craters & Freighters requires its franchisee to secure approval for the lease of the Premises, including any renewals, before the lease is executed. While Craters & Freighters's approval is needed, it cannot be unreasonably withheld or delayed. Franchisees are expected to incorporate specific terms and conditions outlined in the Collateral Assignment of Lease and Addendum, which is attached to the franchise agreement as Attachment D.
It is important to note that Craters & Freighters's approval of the Premises's lease does not provide any guarantee or warranty regarding the potential success or profitability of the Craters & Freighters franchise at that location. The approval simply indicates that the lease terms meet the criteria established by Craters & Freighters at the time of evaluation. The franchisee is responsible for providing Craters & Freighters with a copy of the executed lease within 15 days of its execution. Franchisees are also responsible for the development and furnishing of the Premises, adhering to Craters & Freighters's mandatory or suggested specifications related to dimensions, design, image, interior layout, and other elements. Construction plans for the Premises must be submitted to Craters & Freighters for written approval before construction can begin.