What is the legal structure of the Sublessor, Crave WM Franchising LLC?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| Crave WM Franchising LLC, a Wyoming limited liability company ("Sublessor"), | |
|---|---|
| executes this Sublease (the "Sublease") herewith between Sublessor and | |
| , a | limited liability |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, Crave WM Franchising LLC, which acts as the Sublessor in certain sublease agreements, is a Wyoming limited liability company. This means that Crave WM Franchising LLC is registered in Wyoming and its owners have limited personal liability for the company's debts and obligations. This structure is common for franchise-related entities as it provides a layer of legal and financial separation between the parent franchising company and its subleasing activities.
For a prospective Crave franchisee, understanding the legal structure of the sublessor is important because it clarifies the entity they will be dealing with when entering into a sublease agreement for a Crave location within a Walmart. The franchisee will be bound by the terms of the sublease with Crave WM Franchising LLC, and any guarantees they provide will be to that entity.
It is also important to note that the franchisee may be required to authorize electronic fund transfers to Crave WM Franchising LLC for payments related to the sublease. This authorization allows Crave WM Franchising LLC to directly debit the franchisee's account for amounts due under the sublease agreement. Franchisees should carefully review the terms of the sublease and the electronic transfer authorization to understand their obligations and rights.