Must all owners of the proposed assignee provide a guaranty for a Crave Cookies franchise?

According to the 2025 Crave Cookies Franchise Disclosure Document, if a franchisee seeks to transfer their franchise to another party, all owners of the proposed assignee must provide a guaranty. This requirement is outlined in Item 22, which details the conditions Crave Cookies may impose when granting consent for a transfer.

This condition ensures that Crave Cookies has a financial commitment from all individuals with ownership in the entity taking over the franchise. The guaranty means that these owners are personally liable for the financial and operational obligations of the franchise, providing an additional layer of security for Crave Cookies.

For a prospective franchisee, this means that if they plan to sell their Crave Cookies franchise in the future, the new owners will need to be willing to personally guarantee the franchise's performance. This could potentially affect the pool of potential buyers and the terms of the sale. It is a fairly standard practice in franchising to require personal guarantees to ensure commitment and accountability.