What is required to be executed for specific locations of Crave Franchised Businesses?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.2.1 If you do not already have possession of a location that we have approved upon your execution of this Agreement, then within ninety (90) days of the date this Agreement is executed you shall locate a site for the Restaurant that satisfies the site selection guidelines provided to you by us pursuant to Section 5.1 and submit to us in the form specified by us a description of the site, including evidence reasonably satisfactory to us demonstrating that the site satisfies our site selection guidelines, together with such other information and materials as we may reasonably require, including, but not limited to, a letter of intent or other evidence satisfactory to us which confirms your favorable prospects for obtaining the site. We shall have thirty (30) days after receipt of this information and materials to approve or decline, in our sole discretion, the proposed site as the location for the Restaurant. We may, if we determine it is necessary, conduct one (1) on-site evaluation of the proposed location for the Restaurant. No site may be used for the location of the Restaurant unless it is first approved in writing by us. You acknowledge and agree that our approval of a location for the Franchised Business is not a warranty or guaranty, express or implied, that you will achieve any particular level of success at the location or that your Restaurant will be profitable. Our approval of a location for the Restaurant only signifies that the location meets our then-current minimum criteria for a Crave Restaurant. We reserve the right to approve deviations from our site selection standards based on the individual factors and components of a particular site, but any such approvals shall be granted in our sole discretion. If you are unable to locate a site for your Restaurant within ninety (90) days after this Agreement is executed, we may provide you with an extension of this timeframe or we may terminate this Agreement.
- 2.2.2 If you elect to purchase the premises for the Franchised Business, you shall submit a copy of the proposed contract of sale to us for our written approval prior to its execution and shall furnish to us a copy of the executed contract of sale within ten (10) days after execution. If you will occupy the
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, within 90 days of executing the Franchise Agreement, franchisees must locate a site for their restaurant that meets Crave's site selection guidelines. Franchisees must then submit a description of the site, along with evidence that the site meets Crave's guidelines, and any other required information. This submission must be in a format specified by Crave and include a letter of intent or similar evidence that confirms the franchisee's prospects for obtaining the site.
Crave has 30 days to approve or decline the proposed site. Crave may also conduct an on-site evaluation of the location. The document emphasizes that a franchisee cannot use a site unless Crave provides written approval. However, Crave's approval does not act as a warranty or guarantee of success or profitability at that location; it only signifies that the site meets Crave's minimum criteria at the time.
Crave also reserves the right to approve deviations from its standard site selection criteria based on individual factors, but these approvals are granted at Crave's discretion. If a franchisee cannot find a suitable site within the initial 90-day period, Crave may offer an extension or terminate the agreement. If the franchisee chooses to purchase the premises, they must submit the proposed contract of sale to Crave for written approval before executing it and provide a copy of the executed contract within 10 days of execution.