How long is the renewal term for a Crave Cookies franchise, assuming all renewal requirements are met?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in franchise or other agreement | Summary |
|---|---|---|
| a. Length of the franchise term | Franchise Agreement (FA): § 3.1 Multi-Unit Development Agreement (MUDA): none | 10 years from date of franchise agreement. |
| b. Renewal or extension of the term | FA: § 3.2 MUDA: none | If you are in good standing at the end of the franchise term and in compliance with all the terms of this agreement, you may obtain a successor franchise agreement for a 5-year term. Your successor agreement may also provide an option to enter into a subsequent successor franchise agreement. |
| c. Requirements for franchisee to renew or extend | FA: § 3.2 MUDA: none | For our franchise system, “renewal” means that at the end of your term, you sign our successor franchise agreement for an additional 5-year term. You may be asked to sign a contract with materially different terms and conditions than your original contract. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION THE FRANCHISE RELATIONSHIP (FDD pages 34–38)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, the initial franchise term is 10 years from the date of the Franchise Agreement. If a franchisee is in good standing and has complied with all the terms of the agreement, they may be able to obtain a successor franchise agreement for an additional 5-year term.
Crave Cookies requires franchisees to sign a successor franchise agreement to renew. The terms and conditions in the successor agreement may differ from those in the original agreement. This means that while a franchisee has the option to renew if they meet certain conditions, the terms of the renewed agreement might not be the same as the original, potentially affecting the franchisee's obligations and rights.
It is common in the franchise industry for renewal terms to be shorter than the initial term, and for the franchisor to update the franchise agreement at the time of renewal to reflect changes in the system. Prospective Crave Cookies franchisees should carefully consider that the terms of the franchise agreement could change upon renewal and should seek legal counsel to review the new agreement.