What must the assignee of the Crave franchise agreement do regarding the franchisor's obligations?

According to Crave's 2025 Franchise Disclosure Document, if a franchisee seeks to assign their franchise agreement, the assignee must be willing and financially able to assume Crave's obligations under the Franchise Agreement. This means the person or entity taking over the franchise must demonstrate the financial capacity and willingness to fulfill all responsibilities that Crave has outlined in the original agreement.

This requirement protects Crave by ensuring that any new franchisee stepping in is capable of maintaining the standards and commitments of the franchise system. It also provides some assurance to the existing franchisee that the transfer will be to a responsible party.

For a prospective Crave franchisee, this condition highlights the importance of carefully selecting a potential assignee if they ever decide to sell their franchise. The franchisor has the right to reject an assignee who does not meet these criteria, which could complicate the sale process. Franchisees should discuss potential exit strategies and assignment conditions with Crave during their due diligence to fully understand the implications.