What section of the Crave franchise agreement discusses remodeling and redecorating?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
To assure the continued success of the Franchised Business, you shall, upon our request, upgrade, remodel and/or redecorate the Franchised Business premises, equipment (including point-of-sale or computer hardware and software systems), signs, interior and exterior décor items, fixtures, furnishings, supplies and other products and materials required for the operation of the Franchised Business to our thencurrent System-wide standards and specifications. We agree that we shall not request such upgrading, remodeling and/or redecorating more frequently than every five (5) years during the term of this Agreement, except that if the Franchised Business is transferred pursuant to Article 14, we may request that the transferee remodel and/or redecorate the Franchised Business as described herein.
7.4 Approved Suppliers
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, Section 7.3 of the franchise agreement covers remodeling and redecorating. This section stipulates that Crave franchisees must upgrade, remodel, or redecorate their franchised business premises, equipment, signs, décor, fixtures, furnishings, supplies, and other required materials to meet the then-current system-wide standards and specifications.
Crave agrees that these upgrades, remodeling, or redecorating will not be requested more often than every five years during the term of the agreement. However, if the franchised business is transferred, Crave may require the new transferee to remodel or redecorate the business as described in the agreement.
This section is important for prospective franchisees as it outlines the financial and operational obligations related to maintaining the Crave brand's image and standards. Franchisees should factor in the potential costs of remodeling and redecorating every five years, or sooner if the business is transferred, when assessing the overall investment and profitability of the franchise.