factual

What obligations does a Crepe De Licious franchisee have regarding their lease agreement?

Crepe_De_Licious Franchise · 2025 FDD

Answer from 2025 FDD Document

(n) your landlord must consent to transfer the lease to the proposed transferee;

Source: Item 22 — CONTRACTS (FDD page 57)

What This Means (2025 FDD)

According to the 2025 Crepe De Licious Franchise Disclosure Document, a franchisee's obligations regarding their lease agreement primarily arise when transferring the franchise to a new owner. Specifically, the franchisor, Crepe De Licious, may require that the current franchisee's landlord consent to transfer the lease to the proposed new franchisee. This condition is part of a larger set of requirements that must be met before Crepe De Licious will approve the transfer.

This requirement ensures that the new franchisee has an approved location to operate the Crepe De Licious business. Without the landlord's consent to transfer the lease, the transfer of the franchise cannot proceed. This protects Crepe De Licious by ensuring that the new franchisee will have a viable location that meets the brand's standards.

For a prospective Crepe De Licious franchisee, this means understanding that selling or transferring the franchise involves more than just finding a buyer. It also requires ensuring that the property lease can be transferred, which depends on the landlord's willingness to consent. Franchisees should maintain a good relationship with their landlord and understand the terms of their lease agreement to facilitate a smooth transfer process if they decide to sell the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.