What is the notification timeframe required for a Crave Cookies franchisee to elect to renew their agreement?
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
Franchising, its affiliates, and their respective owners, officers, directors, agents and employees.
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, a franchisee must notify Crave Cookies Franchising of their election to renew their franchise agreement between 90 and 180 days prior to the end of the current term. The initial term of the agreement is 10 years, and franchisees can enter into a successor agreement for up to two additional periods of 5 years each.
This notification timeframe is crucial for franchisees to keep in mind, as missing the deadline could result in losing the opportunity to renew their franchise. It allows Crave Cookies to plan for the future of the location, whether that involves a renewal with the current franchisee or finding a new operator.
In addition to providing timely notice, the franchisee must also be in full compliance with the existing agreement and any other agreements with Crave Cookies Franchising. They must also be willing to make any required renovations or changes to the business to meet the then-current system standards. Furthermore, the franchisee will need to execute Crave Cookies's current standard franchise agreement, which may contain different terms and fees, and sign a general release of claims against Crave Cookies Franchising.