How many months from the date of the Crisp & Green Franchise Agreement do I have to open the fifth restaurant?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
ranchise Agreement
CRISP & GREEN FRANCHISING LLC
FRANCHISE AGREEMENT
| FRANCHISED RESTAURANT NUMBER | DATE BY WHICH FRANCHISE AGREEMENT MUST BE SIGNED | DATE BY WHICH THE FRANCHISED RESTAURANT MUST BE OPENED AND OPERATED BY YOU IN THE DEVELOPMENT AREA* | CUMULATIVE NUMBER OF FRANCHISED RESTAURANTS TO BE OPENED AND OPERATED BY YOU IN THE DEVELOPMENT AREA AS OF THE DATE IN PRECEDING COLUMN |
|---|---|---|---|
| 1 | Date of this Agr |
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the development schedule outlines the timeframe for opening multiple locations. Specifically, it states that the fifth franchised restaurant must be opened and operated within 45 months from the date of the Franchise Agreement.
This schedule is a crucial aspect of the development agreement, as failing to meet these deadlines can have significant consequences. Crisp & Green has the right to terminate the agreement or alter the development area if the franchisee fails to sign a Franchise Agreement or open a restaurant by the specified dates. This emphasizes the importance of careful planning and execution in launching each Crisp & Green location.
Prospective franchisees should carefully consider these timelines and ensure they have the resources and capabilities to meet the required development schedule. It is also important to note that only restaurants that are open and continuously operating for at least the first six months after opening will be counted toward the required number of restaurants to be opened.