factual

Does Crisp & Green have to help me negotiate a lease or sublease for my Franchised Restaurant?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

Although we may in some circumstances provide you with assistance in negotiating a lease or sublease, we are under no obligation to do so.

If you lease the site, the lease must contain terms that are reasonably acceptable to us, and you and the landlord will be required to execute our standard lease addendum, the form of which is attached as Exhibit C to the Franchise Agreement.

Neither we nor our affiliates generally own the sites at which Restaurants are operated, which means you will be negotiating with independent third parties relating to the lease, sublease, or purchase of the site for your Franchised Restaurant. (Franchise Agreement Sections 3.02 and 3.03).

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 33–44)

What This Means (2024 FDD)

According to Crisp & Green's 2024 Franchise Disclosure Document, while Crisp & Green may offer assistance in negotiating a lease or sublease for your Franchised Restaurant, they are not obligated to do so. After Crisp & Green approves your proposed site, you are able to negotiate the lease, sublease, or purchase agreement for the site. You must then provide the lease, sublease, or purchase agreement to Crisp & Green for their consideration and approval before signing.

If you lease the site, the lease terms must be reasonably acceptable to Crisp & Green, and both you and the landlord must execute Crisp & Green's standard lease addendum. Crisp & Green does not generally own the sites where Restaurants are operated, meaning you will negotiate with independent third parties for the lease, sublease, or purchase of the site.

This arrangement is fairly typical in the franchise industry, where the franchisee usually bears the responsibility for securing a suitable location, but the franchisor retains approval rights to ensure brand consistency and protect their interests. It's important to carefully review the lease terms and addendum to fully understand your obligations and the franchisor's rights regarding the site.

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.