What is the location of the premises covered by the Crave Personal Guaranty of Lease?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
e: | | Transit/ABA Number: | | Account Number: This authority is to remain in full force and effect until Company has received written notification from me (or either of us) of its termination in such time and in such manner to afford Company and Depository a responsible opportunity to act on such request. | | Depositor: (Please Print) | | | | | | | | Date Signed | Signature(s) of Depositor, as Printed Above | | Please attach a voided blank check, for purposes of setting up Bank and Transit Numbers.
Exhibit C Franchise Agreement
Exhibit D PERSONAL GUARANTY OF LEASE
| Crave WM Franchising LLC, a Wyoming limited liability company ("Sublessor"), | |
|---|---|
| executes this Sublease (the "Sublease") herewith between Sublessor and | |
| , a | limited liability |
| company ("Sublessee"), covering certain premises, situated in the City of | in the state of, within the |
| Walmart location located at The undersigned, jointly and | |
| severally (hereinafter referred to individually and collectively as "Guarantor", whether one or | |
| more) hereby jointly and severally guarantee unto Sublessor the payment and performance of (i) all | |
| of the rental and other sums or charges which may ever become due and payable by Tenant under | |
| the Lease, including, without limitation, rental that becomes due and payable by reason of the | |
| exercise of any power to accelerate granted to Sublessor under the Sublease and any damages or | |
| other sums that become payable on account of any default by Sublessee under the Sublease, and (ii) | |
| all of the other obligations, liabilities and duties of Sublessee under the Sublease (the rental, other | |
| sums and charges and other obligations, liabilities and duties described in the foregoing clauses (i) | |
| and (ii) being hereinafter collectively referred to as the "Obligations"). For the purposes hereof, the | |
| term "Sublessee" shall include any assignee of Sublessee, | and the term "Sublease" shall include any |
| amendment of the Sublease effected by Sublessor and Sublessee, with or | without the consent or |
| knowledge of Guarantor. |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the location of the premises covered by the Personal Guaranty of Lease is determined by the type of lease agreement in place. If Crave is subleasing a location within a Walmart, the premises are situated in the City of [BLANK] in the state of [BLANK], within the Walmart location at [BLANK].
Attachment 1 to the Franchise Agreement indicates that if there is no Accepted Location on the Effective Date, the Accepted Location Address and Designated Territory will be determined and inserted after the premises is approved by Crave for the restaurant, in accordance with sections 1.2 and 2.2 of the Franchise Agreement. Once accepted, the Franchised Business shall be located at the following Accepted Location: [BLANK].
Prospective franchisees should note that the specific location details are not pre-defined in the standard agreements. Instead, they are finalized during the site selection process and documented in the attachments to the franchise agreement. It is important for franchisees to understand the site selection criteria and approval process, as the franchisor's approval only signifies that the location meets their minimum criteria and is not a guarantee of success or profitability.