factual

What must a franchisee send to Crisp & Green as a description of the proposed site?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

You agree to send us a description of the proposed site, including a summary of the items listed above, along with a letter of intent or other evidence confirming your favorable prospects for purchase or lease of the proposed site. We will use reasonable efforts to approve or disapprove the proposed site within thirty (30) days after receiving your written proposal. If we do not approve of a proposed site, you must identify and notify us of new sites until we approve a site for the Franchised Restaurant. Upon our approval of a site, you agree that we will insert its address into Exhibit B, and it will be the Premises. The failure to insert such address into in Exhibit B shall not automatically affect the enforceability of this Agreement.

Source: Item 23 — RECEIPTS (FDD pages 66–252)

What This Means (2024 FDD)

According to Crisp & Green's 2024 Franchise Disclosure Document, a franchisee is responsible for selecting a site within the Preliminary Designated Area and must obtain written approval from Crisp & Green before signing any site acquisition documents. The franchisee must send Crisp & Green a description of the proposed site. This description should include a summary of demographic characteristics, traffic patterns, parking availability, the character of the neighborhood, competition from other businesses, proximity to other businesses, the nature of other businesses, other commercial characteristics, and the proposed site's size, appearance, and other physical characteristics.

In addition to the site description, the franchisee must also provide a letter of intent or other evidence confirming favorable prospects for the purchase or lease of the proposed site. Crisp & Green will then use reasonable efforts to approve or disapprove the proposed site within thirty (30) days after receiving the franchisee's written proposal.

If Crisp & Green does not approve of a proposed site, the franchisee is responsible for identifying and notifying Crisp & Green of new sites until a site is approved. Upon approval, the address will be inserted into Exhibit B of the Franchise Agreement, designating it as the Premises. This process ensures that the selected location meets Crisp & Green's criteria and has a high likelihood of success.

Disclaimer: This information is extracted from the 2024 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.