Does Marble Slab Creamery or its affiliates ever enter into joint ventures for operating Restaurants?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
Occasionally we or our affiliates may enter into joint venture arrangements for the operation of Restaurants. We or our affiliates may do so by acquiring an interest in the limited liability company ("LLC") formed to acquire the franchise. In those instances, the LLC will be operated pursuant to a form of Limited Liability Company Operating Agreement substantially similar to the form attached as Exhibit L.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 10–16)
What This Means (2025 FDD)
According to the 2025 Marble Slab Creamery Franchise Disclosure Document, Marble Slab Creamery or its affiliates may enter into joint venture arrangements for operating restaurants. These joint ventures are typically formed by Marble Slab Creamery or its affiliates acquiring an interest in a limited liability company (LLC) created to obtain the franchise.
The document specifies that in such cases, the LLC's operations will be governed by a Limited Liability Company Operating Agreement, which is substantially similar to the form attached as Exhibit L in the FDD. This indicates that the franchisee would not be the sole owner, but rather would share ownership and operational control with Marble Slab Creamery or its affiliate through the LLC structure.
This type of arrangement could provide the franchisee with additional support and resources from the franchisor, but it also means that the franchisee would have to share profits and decision-making authority. Prospective franchisees should carefully review Exhibit L and discuss the terms of the Limited Liability Company Operating Agreement with Marble Slab Creamery to fully understand the implications of entering into a joint venture.