What is the name of the Sublessor in the Crave Commercial Sub-Lease Agreement?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS AGREEMENT made, entered and executed this | day of ,2024, by |
|---|---|
| and between, | |
| Crave WM Franchising LLC a Wyoming Limited Liability Company, located 159 | |
| N. Wolcott St. Suite 133, Casper, WY 82601 | herein after "Sublessor", and |
Source: Item 22 — CONTRACTS (FDD pages 62–63)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the Sublessor in the Commercial Sub-Lease Agreement is Crave WM Franchising LLC, a Wyoming Limited Liability Company located at 159 N. Wolcott St. Suite 133, Casper, WY 82601. This information is part of the agreement made and executed in 2024.
This means that Crave franchisees entering into a sublease agreement will be subleasing the property from Crave WM Franchising LLC, not directly from the landlord (e.g., Walmart). The agreement outlines the specific terms and conditions under which the franchisee (Sublessee) will occupy and operate their Crave franchise within the subleased space.
It is important for prospective franchisees to understand that the original lease is between Crave WM Franchising LLC and Walmart INC, and the franchisee must comply with all terms of this original lease. The franchisee will be making payments to Crave WM Franchising LLC, and Crave WM Franchising LLC will then be responsible for paying the master lease to the landlord. This arrangement adds a layer of complexity, as the franchisee's rights and obligations are governed by both the sublease agreement and the original lease.