What is the deadline for a Crave multi-unit developer to exercise their option to develop additional Franchised Businesses after receiving notice?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
After the final Franchised Business under your Minimum Performance Schedule has opened, if we believe that it is desirable to establish additional Franchised Businesses within the Development Area, and if you complied with the terms of your Multi-Unit Development Agreement and are in compliance with your Franchise Agreements, we will offer you the right to develop these additional Franchised Businesses. You must exercise this option, in full, within 60 days of our notice to you. If you do not exercise or you decline this right of first refusal, we will have the right to sell these development rights to another multiunit developer or to develop the Restaurants or Food Trucks ourselves.
Source: Item 12 — TERRITORY (FDD pages 42–46)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, a multi-unit developer has a limited time to exercise their option to develop additional Franchised Businesses within their Development Area. Specifically, after the final Franchised Business under the Minimum Performance Schedule has opened, Crave will offer the developer the right to develop additional Franchised Businesses if Crave believes it is desirable to establish more locations in the area, and if the developer has complied with the Multi-Unit Development Agreement and Franchise Agreements.
The deadline to exercise this option is clearly defined. The multi-unit developer must exercise this option, in full, within 60 days of receiving notice from Crave. This means the developer needs to make a decision and take concrete steps to proceed within this timeframe.
If the multi-unit developer fails to exercise the option within the 60-day period or declines the right of first refusal, Crave retains the right to sell these development rights to another multi-unit developer or to develop the Restaurants or Food Trucks themselves. This highlights the importance of a timely response from the existing multi-unit developer to avoid losing the opportunity to expand their presence in the Development Area.