What is considered a 'site acquisition document' for a Crisp & Green franchise?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
We must approve of the lease, sublease, or purchase contract (which we refer to as the site acquisition document) for the premises of your Franchised Restaurant before you sign such document. If you lease the premises, the lease must contain the terms and provisions that are reasonably acceptable to us, and you and the landlord must execute the standard form of lease addendum (attached as Exhibit C to the Franchise Agreement). Within 10 days after our approval of the site acquisition document, you must send us the fully signed site acquisition document, together with the signed lease addendum, if applicable, for the premises. You may not relocate the Franchised Restaurant without our prior approval.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 26–31)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, a 'site acquisition document' refers to the lease, sublease, or purchase contract for the premises of the franchised restaurant. Before a Crisp & Green franchisee signs any of these documents, the franchisor must approve it.
If the franchisee leases the premises, the lease must include terms and provisions reasonably acceptable to Crisp & Green. Additionally, both the franchisee and the landlord are required to execute a standard form of lease addendum, which is attached as Exhibit C to the Franchise Agreement.
Within 10 days of Crisp & Green's approval of the site acquisition document, the franchisee must send the fully signed site acquisition document, along with the signed lease addendum (if applicable), to the franchisor. The franchisee is not allowed to relocate the franchised restaurant without prior approval from Crisp & Green.