What is the deadline for executing the franchise agreement after leasing a location for a Crave Cookies franchise?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
For each additional Crave Cookies franchise, Franchisee shall execute Crave Cookies Franchising's then-current standard form of franchise agreement no later than three business days after Franchisee leases or acquires a location.
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, if a franchisee is developing multiple Crave Cookies franchises under a Multi-Unit Development Agreement (MUDA), they must execute Crave Cookies' then-current standard form of franchise agreement no later than three business days after leasing or acquiring a location for each additional franchise beyond the first.
This means that a prospective Crave Cookies franchisee needs to be prepared to finalize the franchise agreement very quickly once a location is secured. This tight timeframe underscores the importance of having legal and financial preparations completed well in advance of site selection. Failing to meet this deadline could potentially impact the franchisee's development schedule and overall agreement with Crave Cookies.
It is important to note that this deadline applies to each additional Crave Cookies franchise after the first location. The franchise agreement for the first store is executed simultaneously with the MUDA. This distinction highlights the different processes for the initial location versus subsequent locations under a multi-unit agreement.