In New York, when must Crave Franchising, LLC provide the Franchise Disclosure Document?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
If CRAVE Franchising, LLC offers you a franchise, it must provide this Disclosure Document to you 14 calendardays before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. New York requires you to receive this Franchise Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, Crave Franchising, LLC must provide the Franchise Disclosure Document (FDD) to prospective franchisees in New York at the earlier of two specific timelines. These timelines are designed to ensure that franchisees have adequate time to review the document before making any commitments.
Specifically, Crave must provide the FDD either at the first personal meeting with the prospective franchisee or 10 business days before the execution of any franchise or other agreement. This also applies before the payment of any consideration that relates to the franchise relationship. This requirement is more stringent than the federal rule, which mandates a 14-calendar-day review period before signing an agreement or making a payment.
This means that if a prospective franchisee meets with Crave representatives to discuss the franchise opportunity, Crave must provide the FDD at that meeting. Even if there is no initial meeting, the franchisee must receive the FDD at least 10 business days before signing any agreement or paying any fees. This gives potential franchisees in New York a significant opportunity to carefully consider the investment and seek professional advice before committing to the Crave franchise.