factual

Are there any fees associated with relocation of my Crisp & Green franchise location as outlined in Item 6?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

_19_Picture_0.jpeg)

Type of Fee (1) Amount Due Date Remarks
believe that you have failed adequately to address or resolve any customer complaints, we may, without your consent, resolve any complaints to our satisfaction and charge you an amount sufficient to cover our reasonable costs and expenses in resolving the customer complaint.
Additional Cure Our cost and expense if we take any action to cure any default by you under the Franchise Agreement, including costs of collection for unpaid amounts Upon demand Due only if you are in default under your Franchise Agreement, in which case you must reimburse us for the additional expenses we incur (including reasonable attorneys' fees) as a result of your default and to enforce and terminate your Franchise Agreement if necessary.
Expenses and
Collection Costs
Damages upon Will vary under the circumstances 15 days after termination See Note 3.
Termination
Securities Offering Our actual expenses Upon demand Payable only if you propose to engage in a public or private securities offering, to reimburse us for our reasonable costs and expenses (including legal and accounting fees) to evaluate your proposed offering.
Tax Assessment Our actual expenses Upon demand Payable only if there is a sales tax, gross receipts tax, or similar tax or assessment (other than income tax) imposed against us with respect to any payments you make to us under the Franchise Agreement.

Notes:

  • (1) All fees are imposed by and payable to Crisp & Green Franchising LLC unless otherwise specifically noted. All fees are imposed uniformly and are non-refundable.

Source: Item 6 — OTHER FEES (FDD pages 15–22)

What This Means (2024 FDD)

According to the 2024 Crisp & Green Franchise Disclosure Document, Item 6 outlines various other fees, but it does not explicitly mention any fees associated with the relocation of a franchise location. The item details fees such as a minimum royalty fee of $7,500 per month under certain conditions, expenses for curing defaults, damages upon termination, securities offering expenses, and tax assessments.

The absence of specific relocation fees in Item 6 suggests that either there are no such fees, or that these fees are addressed elsewhere in the FDD or franchise agreement. It is common for franchise agreements to include provisions for relocation, which may involve fees to cover the franchisor's costs in approving and supporting the move. These costs can include site evaluation, market analysis, and training.

Therefore, a prospective Crisp & Green franchisee should carefully review the entire FDD and franchise agreement for any clauses pertaining to relocation. It would be prudent to directly ask the franchisor about the conditions under which relocation is permitted and whether any fees apply, to fully understand the financial implications of moving a franchise location.

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.