According to the Crave FDD, what is being described in relation to the Multi-Unit Developer?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
CRAVE FRANCHISING, LLC MULTI-UNIT DEVELOPMENT AGREEMENT
ATTACHMENT 1
MINIMUM PERFORMANCE SCHEDULE
( The Agreement authorizes and obliges Multi-Unit Developer ) "Crave" outlets to establish and operate pursuant to a Franchise Agreement for each Franchised Business. The following is Multi-Unit Developer's Minimum Performance Schedule: Minimum Cumulative Number By this Date of Franchise Agreements for Franchised Businesses to be located and Operating within the Development Area Total: upon the opening of the final Franchised Business The Minimum Performance Schedule shall be deemed completed, and this Agreement shall expire, to be developed pursuant to this Agreement. APPROVED: MULTI-UNIT DEVELOPER: CRAVE FRANCHISING, LLC Samantha Rincione CEO and COO
CRAVE FRANCHISING, LLC MULTI-UNIT DEVELOPMENT AGREEMENT
ATTACHMENT 2
DEVELOPMENT AREA
| The following describes the Development Area | within which Multi-Unit Developer | may locate | ||
|---|---|---|---|---|
| "Crave" outlets | ||||
| under this Agreement: |
ADDENDUM TO THE MULTI-UNIT DEVELOPMENT AGREEMENT REQUIRED BY THE STATE OF MARYLAND
This will serve as the State Addendum for the State of Maryland for CRAVE Franchising, LLC's Multi-Unit Development Agreement. The amendments to the Multi-Unit Development Agreement included in this addendum have been agreed to by the parties.
The provisions in the Multi-Unit Development Agreement which provide for termination upon bankruptcy of the multi-unit developer may not be enforceable under federal bankruptcy law (11 U.S.C.
Section 101 et seq.).
The appropriate sections of the Multi-Unit Development Agreement are amended to permit a franchisee to bring a lawsuit in Maryland for claims arising under the Maryland Franchise Registration and Disclosure Law.
ADDENDUM TO THE DISCLOSURE DOCUMENT, FRANCHISE AGREEMENT, AND MULTI-UNIT DEVELOPMENT AGREEMENT REQUIRED BY THE STATE OF SOUTH DAKOTA
In the State of South Dakota, we will defer the payment of the initial franchise fee, development fee, and any other initial payment until all of our material pre-opening obligations have been satisfied and until you open your business and it is operating. However, you must execute the Franchise Agreement prior to looking for a site or beginning training.
CRAVE FRANCHISING, LLC PRINCIPALS:
ADDENDUM REQUIRED BY THE COMMONWEALTH OF VIRGINIA
In recognition of the restrictions contained in Section 13.1-564 of the Virginia Retail Franchising Act, the Franchise Disclosure Document for CRAVE Franchising, LLC for use in the Commonwealth of Virginia shall be amended as follows:
- Additional Disclosure: The following statements are added to Item 17.h:
Pursuant to Section 13.1-564 of the Virginia Retail Franchising Act, it is unlawful for a franchisor to cancel a franchise without reasonable cause. If any grounds for default or termination stated in the franchise agreement and development agreement does not constitute "reasonable cause," as that term may be defined in the Virginia Retail Franchising Act or the laws of Virginia, the provision may not be enforceable.
MULTI-UNIT DEVELOPER: CRAVE FRANCHISING, LLC Samantha Rincione CEO and COO
Exhibit D to the Crave Franchise Disclosure Document
LIST OF FRANCHISEES
(As of December 31, 2024)
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, several aspects related to the Multi-Unit Developer are described. These include the Minimum Performance Schedule, the Development Area, and addenda to the Multi-Unit Development Agreement required by certain states like Maryland, Indiana, South Dakota, and Virginia. These addenda address specific legal and financial considerations within those states. The FDD also lists franchisees as of December 31, 2024.
The Minimum Performance Schedule outlines the timeline and number of Crave outlets a Multi-Unit Developer is expected to establish and operate. The Development Area defines the geographic region where the Multi-Unit Developer can locate their Crave businesses. These two attachments are part of the Multi-Unit Development Agreement.
The addenda for specific states modify the Multi-Unit Development Agreement to comply with local laws. For example, the Maryland addendum addresses issues such as termination upon bankruptcy, the right to bring lawsuits in Maryland, and the deferral of fees until pre-opening obligations are met. Similarly, the Indiana addendum addresses non-compete covenants and jurisdiction. The South Dakota addendum discusses deferring initial payments until the business is operating. The Virginia addendum concerns the grounds for franchise termination.
These descriptions provide prospective Multi-Unit Developers with crucial information about their obligations, territorial rights, and legal considerations, which vary by state. Understanding these details is essential for making an informed investment decision and ensuring compliance with all applicable laws and agreements.