What happens if a Crisp & Green restaurant is destroyed, regarding the possibility of relocation?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
You are permitted to operate the Franchised Restaurant only at an approved site. If the Franchised Restaurant's lease expires or is terminated without your fault, or if the Franchised Restaurant is destroyed, condemned, or otherwise rendered unusable, we may allow you to relocate the Franchised Restaurant to a new site acceptable to us at your sole expense.
Source: Item 12 — TERRITORY (FDD pages 44–47)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, if a franchised restaurant is destroyed, condemned, or otherwise rendered unusable, the franchisee may be allowed to relocate the restaurant. However, this relocation is not guaranteed, as it is contingent on Crisp & Green's approval of the new site.
If Crisp & Green approves a new site for relocation, the franchisee is responsible for all expenses associated with the relocation. This means the franchisee will bear the financial burden of finding a new location, negotiating lease terms, and any construction or renovation costs required to prepare the new site for operation.
This clause highlights the importance of insurance coverage for franchisees. In the event of a catastrophic event that renders the restaurant unusable, insurance can help cover the costs of relocation and potential lost income during the transition. Franchisees should carefully review their insurance policies to ensure they have adequate coverage for such events. It is also important to maintain a good relationship with Crisp & Green to facilitate the approval process for a new site, should relocation become necessary.