What criteria does Crave consider when reviewing a prospective transferee's application?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
- (d) The transferee shall demonstrate to our reasonable satisfaction that transferee meets the criteria considered by us when reviewing a prospective franchisee's application for a franchise, including, but not limited to, our educational, managerial and business standards; transferee's good moral character, business reputation and credit rating; transferee's aptitude and ability to conduct the business franchised herein (as may be evidenced by prior related business experience or otherwise); transferee's financial resources and capital for operation of the business; and the geographic proximity and number of other Franchised Businesses owned or operated by transferee;
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, when a franchisee wishes to transfer their interest in the Franchised Business, Crave will assess the prospective transferee based on several criteria. The transferee must meet the standards Crave uses for new franchisees. These include educational, managerial, and business standards.
Crave also evaluates the transferee's good moral character, business reputation, and credit rating. Aptitude and ability to manage the franchised business, potentially evidenced by prior experience, are also considered. The transferee's financial resources and capital available for operating the business are important factors in the evaluation.
Finally, Crave will consider the geographic proximity and number of other Crave Franchised Businesses already owned or operated by the transferee. This comprehensive review ensures that the transferee is well-suited to continue operating the Crave franchise successfully and maintain the brand's standards.