Does registration of the Crave Cookies franchise in Minnesota constitute approval or endorsement by the Commissioner of Commerce of Minnesota?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE MINNESOTA FRANCHISE ACT. REGISTRATION DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF COMMERCE OF MINNESOTA OR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.
THE MINNESOTA FRANCHISE ACT MAKES IT UNLAWFUL TO OFFER OR SELL ANY FRANCHISE IN THIS STATE WHICH IS SUBJECT TO REGISTRATION WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE, AT LEAST 7
DAYS PRIOR TO THE EXECUTION BY THE PROSPECTIVE FRANCHISEE OF ANY BINDING FRANCHISE OR OTHER AGREEMENT, OR AT LEAST 7 DAYS PRIOR TO THE PAYMENT OF ANY CONSIDERATION, BY THE FRANCHISEE, WHICHEVER OCCURS FIRST, A COPY OF THIS PUBLIC OFFERING STATEMENT, TOGETHER WITH A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE FRANCHISE. THIS PUBLIC OFFERING STATEMENT CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT. THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR AN UNDERSTANDING OF ALL RIGHTS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, registration of the franchise in Minnesota does not constitute approval, recommendation, or endorsement by the Commissioner of Commerce of Minnesota. The Commissioner also does not guarantee the truthfulness, completeness, or non-misleading nature of the information provided in the FDD. This is a standard disclaimer in franchise agreements, as registration is simply a legal requirement for offering franchises in certain states and not an evaluation of the franchise's viability.
This means that prospective Crave Cookies franchisees in Minnesota should not interpret the franchise's registration as an official endorsement or assurance of success. They must conduct their own independent due diligence to assess the risks and opportunities associated with the franchise. This includes carefully reviewing the FDD, seeking advice from legal and financial professionals, and speaking with existing franchisees to gather firsthand insights.
The FDD also highlights the Minnesota Franchise Act, which mandates that prospective franchisees receive a copy of the public offering statement and all proposed agreements at least seven days before signing any binding agreement or making any payment. This provision aims to provide franchisees with sufficient time to review the documents and make informed decisions. Franchisees should refer to the actual contract or agreement for a complete understanding of their rights and obligations, as the public offering statement only provides a summary of certain material provisions.