What is the significance of Exhibit A in relation to the Crave subleased property?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
OO PRINCIPALS: Name: Name:
Exhibit B-3 to the Crave Franchise Disclosure Document
COMMERCIAL SUB-LEASE AGREEMENT
Commercial Sub-Lease Agreement
| 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 |
| , | Liability |
| a | Company located |
| Limited | at |
| , hereinafter called "Sublessee". Sublessor and Sublessee | |
| contract and agree as follows: | |
| Article I Sub-Leased Premises Sublessor hereby leases unto Sublessee the following space which consists of approximately Sublessor as Wal-Mart Store The subleased Premises is depicted on Exhibit A, attached hereto, (hereinafter "the subleased property"). | square feet of floor space located in the store commonly referred to by in the city of in the state of |
| Article II | |
| Delivery Window | |
| Delivery Window is between This Subleased premises will | |
| be delivered to Sublessee (as is). |
Source: Item 22 — CONTRACTS (FDD pages 62–63)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, Exhibit A to the Commercial Sub-Lease Agreement depicts the subleased premises. Specifically, Article I of the Commercial Sub-Lease Agreement states that the sublessor leases to the sublessee a space of approximately a certain number of square feet within a Wal-Mart store. Exhibit A visually represents this subleased property.
Exhibit B-3 to the Crave Franchise Disclosure Document is the Commercial Sub-Lease Agreement itself. This agreement outlines the terms and conditions under which a sublessee (the franchisee) operates a Crave franchise within a subleased space, often within a larger retail establishment like Walmart. The agreement includes details about rent, responsibilities, and operational requirements.
Prospective Crave franchisees should carefully review Exhibit A in conjunction with the Commercial Sub-Lease Agreement to understand the exact location, size, and layout of the subleased space they will be operating in. This understanding is crucial for planning the restaurant's setup, managing inventory, and ensuring compliance with the sublessor's requirements.