What is the cumulative number of Crisp & Green franchised restaurants that must be opened and operated by the franchisee in the development area 18 months from the date of the Franchise Agreement?

According to Crisp & Green's 2024 Franchise Disclosure Document, a franchisee is required to have a cumulative number of two franchised restaurants opened and operating in their development area within 18 months from the date of the Franchise Agreement. This requirement is part of the Development Schedule that Crisp & Green outlines for franchisees who obtain development rights to open multiple locations.

This schedule is important for prospective franchisees to understand, as failing to meet these development milestones can lead to the termination of the agreement or alteration of the development area at Crisp & Green's discretion. The Development Schedule also specifies the dates by which each subsequent Franchise Agreement must be signed and each restaurant must be opened, ensuring a structured expansion plan.

For a multi-unit developer, this schedule sets clear expectations and deadlines. It also motivates the franchisee to secure locations, complete build-outs, and commence operations efficiently. The franchisee must open and continuously operate the restaurants for at least the first six months after opening for them to count toward the required number of restaurants in the Development Schedule.