How many additional renewal periods are Crave Cookies franchisees eligible for?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.2 Successor Agreement. When the term of this Agreement expires, Franchisee may enter into a successor agreement for up to 2 additional periods of 5 years each, subject to the following conditions prior to each expiration:
- (i) Franchisee notifies Crave Cookies Franchising of the election to renew between 90 and 180 days prior to the end of the term;
- (ii) Franchisee (and its affiliates) are in compliance with this Agreement and all other agreements with Crave Cookies Franchising (or any of its affiliates) at the time of election and at the time of renewal;
- (iii) Franchisee has made or agrees to make (within a period of time acceptable to Crave Cookies Franchising) renovations and changes to the Business as Crave Cookies Franchising requires (including a Remodel, if applicable) to conform to the then-current System Standards;
- (iv) Franchisee and its Owners execute Crave Cookies Franchising's then-current standard form of franchise agreement and related documents (including personal guaranty), which may be materially different than this form (including, without limitation, higher and/or different fees), except that Franchisee will not pay another initial franchise fee and will not receive more renewal or successor terms than described in this Section;
- (v) Franchisee and each Owner executes a general release (on Crave Cookies Franchising's then-standard form) of any and all claims against Crave Cookies
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, a franchisee can enter into a successor agreement for up to two additional periods, each lasting five years, after the initial 10-year term expires. This means that after the initial term, a franchisee has the option to renew their agreement twice, potentially extending their franchise operation for another 10 years in total. However, this is subject to certain conditions.
To be eligible for renewal, the franchisee must notify Crave Cookies of their intent to renew between 90 and 180 days before the end of the current term. They must also be in full compliance with the franchise agreement and any other agreements with Crave Cookies or its affiliates, both when they elect to renew and at the time of the actual renewal.
Additionally, Crave Cookies may require franchisees to renovate or make changes to the business to meet the then-current system standards, including potential remodels. The franchisee will also need to execute Crave Cookies's current standard franchise agreement and related documents, which may have different terms and fees than the original agreement, although they will not have to pay another initial franchise fee. Finally, the franchisee must sign a general release of claims against Crave Cookies and its affiliates.