factual

What information must a Crave franchisee maintain and provide to Crave regarding ownership interests in the franchise entity?

Crave Franchise · 2025 FDD

Answer from 2025 FDD Document

ATTACHMENT 3 TO THE FRANCHISE AGREEMENT STATEMENT OF OWNERSHIP INTERESTS IN FRANCHISEE/ENTITY

Name Percentage of Ownership

Source: Item 23 — RECEIPTS (FDD pages 63–253)

What This Means (2025 FDD)

According to Crave's 2025 Franchise Disclosure Document, the franchise agreement includes an attachment that requires franchisees to disclose ownership interests in the franchise entity. Attachment 3 to the franchise agreement is a "STATEMENT OF OWNERSHIP INTERESTS IN FRANCHISEE/ENTITY" which requires the franchisee to list the "Name" and "Percentage of Ownership" for each owner.

This requirement ensures that Crave has a clear record of who owns and controls each franchise location. This transparency is crucial for maintaining brand standards, enforcing franchise agreement terms, and managing potential conflicts of interest.

Prospective franchisees should carefully complete this attachment, ensuring all ownership interests are accurately reported. Any changes in ownership must be promptly communicated to Crave to maintain compliance with the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.