What is the condition regarding the assignee's financial responsibility when Crave assigns the franchise agreement?

According to Crave's 2025 Franchise Disclosure Document, Crave will only assign the franchise agreement to an assignee who, in Crave's good faith and judgment, is both willing and financially able to assume Crave's obligations under the Franchise Agreement.

This means that if Crave decides to assign its rights and obligations under the franchise agreement to another party, that party must demonstrate the financial capacity to fulfill those obligations. This protects franchisees by ensuring that the new franchisor has the resources to support the Crave system and uphold the promises made in the franchise agreement.

For a prospective franchisee, this clause offers some security. It suggests that Crave cannot simply transfer its responsibilities to any entity; they must vet the assignee to ensure financial stability and willingness to perform the franchisor's duties. However, the FDD does not provide specific financial criteria that Crave uses to assess an assignee's financial ability. A prospective franchisee may want to ask Crave for more details on the criteria used to evaluate potential assignees.