When is a Marble Slab Creamery franchisee required to arrange for the signing of the Lease Rider?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
hen-current standards in each applicable Franchise Agreement.
(c) You must use a real estate broker that we designate or otherwise approve to assist you to locate the premises for your Restaurant and assist you to negotiate a lease or purchase of the premises for your Restaurant. Before you make a binding commitment to purchase, lease, or sublease a site, we must approve in writing the proposed lease or purchase agreement or any letter of intent between you and the third-party seller or lessor. If you lease the site, unless we waive the requirement in writing, you must arrange for the signing of the Lease Rider in the form that is attached to the Franchise Agreement. You must enter into, and provide us with a fully executed copy of, the purchase agreement and/or site lease and Lease Rider (unless we waive the Lease Rider requirement in writing), as applicable, within the earlier to occur of: (i) 10 days after full execution of the site lease or purchase agreement, as applicable; or (ii) 240 days after the Effective Date of the Franchise Agreement (the "Site Securitization Deadline"). (Franchise Agreement - Section 5.1(b)).
If you do not enter into and provide us with a copy of the purchase agreement or Site Lease, as applicable, in accordance with the requirements of the Franchise Agreement on or before the Site Securitization Deadline, so long as you are otherwise in compliance with your obligations under the Franchise Agreement and so long as you are using best efforts to secure a Site and enter into a purchase or lease agreement for the Site, we will grant you one 60-day extension to the Site Securitization Deadline (the "Site Securitization Extension") in exchange for your payment of a $5,000 extension fee (the "60-Day Extension Fee"). The 60-day Extension Fee shall be due and payable to us immediately upon the expiration of the Site Securitization Deadline and we shall have the right to automatically deduct the 60-Day
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 53–62)
What This Means (2025 FDD)
According to Marble Slab Creamery's 2025 Franchise Disclosure Document, a franchisee must arrange for the signing of the Lease Rider, if leasing the site, in the form attached to the Franchise Agreement, unless Marble Slab Creamery waives this requirement in writing. The franchisee must then provide Marble Slab Creamery with a fully executed copy of the site lease and Lease Rider (unless waived), or the purchase agreement, within a specific timeframe.
The timeframe is determined by whichever comes first: either 10 days after the full execution of the site lease or purchase agreement, or 240 days after the Effective Date of the Franchise Agreement, which is referred to as the "Site Securitization Deadline."
If the franchisee does not meet the Site Securitization Deadline but is otherwise compliant with the Franchise Agreement and is making their best effort to secure a site, Marble Slab Creamery may grant a one-time 60-day extension, called the "Site Securitization Extension." This extension requires the franchisee to pay a $5,000 extension fee, which Marble Slab Creamery can automatically deduct from the franchisee's account via electronic funds transfer.