For each subsequent Crave Franchise Agreement, what financial criteria must a franchisee satisfy?

According to Crave's 2025 Franchise Disclosure Document, for each subsequent Franchise Agreement, a franchisee must fulfill specific requirements. These include requesting Crave's then-current Franchise Disclosure Document, submitting all information and documents requested by Crave as a basis for issuing Franchise Agreements within the system, providing all financial statements reasonably requested by Crave, and satisfying Crave's then-current financial criteria.

This means that franchisees looking to expand their operations with additional Crave locations need to undergo a similar evaluation process as they did for their initial franchise. Crave assesses their financial health and overall suitability each time a new franchise agreement is considered.

This requirement ensures that franchisees continue to meet Crave's standards and have the financial capacity to successfully operate additional locations. It protects both the franchisee and the franchisor by mitigating the risk of overextension and financial instability. Prospective franchisees should maintain detailed and accurate financial records to facilitate this process and be prepared to meet any evolving financial benchmarks set by Crave.