What condition will the Crave Subleased premises be delivered to the Sublessee in?

According to Crave's 2025 Franchise Disclosure Document, the subleased premises will be delivered to the sublessee in "as is" condition. This is outlined in Article II, which discusses the delivery window for the subleased space.

This "as is" condition has significant implications for a prospective Crave franchisee. It means that the franchisee is accepting the premises in its current state, with all existing faults and conditions, whether known or unknown. This could potentially lead to unexpected costs for repairs, renovations, or upgrades needed to meet Crave's brand standards or the franchisee's operational needs.

Before signing the sublease agreement, a prospective Crave franchisee should conduct a thorough inspection of the premises to identify any existing issues. This inspection should include assessing the condition of the physical structure, equipment, and utilities. It would also be prudent to negotiate with Crave regarding any necessary improvements or repairs before taking possession of the space. Understanding the full scope of potential costs associated with the "as is" condition is crucial for making an informed investment decision.