What is the deadline for completing the Minimum Performance Schedule for Crave?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
( 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
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the Minimum Performance Schedule is deemed completed upon the opening of the final Franchised Business to be developed under the Multi-Unit Development Agreement. At that point, the agreement expires.
For a prospective Crave multi-unit developer, this means that the agreement outlining the development rights and obligations concludes once all the agreed-upon franchise locations are open and operating. The specific dates for opening each location are detailed in the Minimum Performance Schedule (Attachment 1 of the Multi-Unit Development Agreement), but the overall agreement concludes only when the last location is operational.
Therefore, franchisees should carefully review Attachment 1 to understand the specific timelines for each location and factor those deadlines into their business plan. Missing these deadlines could have consequences, as timely development is considered materially important to Crave.