Does a proposed assignee of a Crave Cookies franchise have to pay an initial franchise fee?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
- (iv) the proposed assignee executes Crave Cookies Franchising's then-current form of franchise agreement and any related documents, which form may contain materially different provisions than this Agreement (provided, however, that the proposed assignee will not be required to pay an initial franchise fee);
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, a proposed assignee will not be required to pay an initial franchise fee if the franchisee transfers the franchise to them. However, Crave Cookies may impose other conditions for the transfer to be approved.
Specifically, the proposed assignee must complete Crave Cookies's franchise application process, meet the then-applicable standards for new franchisees, and be approved by Crave Cookies as a franchisee. The proposed assignee must also execute Crave Cookies's then-current form of franchise agreement and any related documents, which may contain materially different provisions than the original agreement.
In addition to the above, Crave Cookies franchising also receives a transfer fee equal to $10,000 plus any broker fees, legal fees, and other out-of-pocket costs incurred by Crave Cookies Franchising. (The $10,000 fee does not apply in the State of Washington but Crave Cookies Franchising, LLC is still entitled to broker fees and other out-of-pocket costs incurred by Crave Cookies Franchising, LLC.)