For each subsequent Crave Franchise Agreement, what documents must a franchisee submit to the Franchisor?

According to Crave's 2025 Franchise Disclosure Document, for each subsequent Franchise Agreement, a franchisee must fulfill specific requirements. First, the franchisee must request Crave's then-current Franchise Disclosure Document. Second, they must submit all information and other documents requested by Crave as a basis for issuing Franchise Agreements within the system. Third, franchisees are required to submit all financial statements reasonably requested by Crave. Finally, the franchisee must satisfy Crave's then-current financial criteria.

These stipulations ensure that Crave maintains consistent standards and has access to necessary information for each new franchise location. By requiring the latest FDD, Crave keeps franchisees informed of any changes to the franchise agreement or system. The submission of requested information and financial statements allows Crave to assess the franchisee's ongoing financial stability and suitability for expansion.

For a prospective franchisee, this means that opening additional Crave locations involves more than just signing another agreement. It requires a continued demonstration of financial health and adherence to Crave's evolving standards. This process protects both Crave and the franchisee by ensuring that each new location is set up for success and aligns with the overall brand strategy. Franchisees should be prepared to maintain detailed financial records and promptly respond to any information requests from Crave to facilitate the approval of subsequent franchise agreements.