Does Marble Slab Creamery intend to assign any interest it may acquire in any LLC?
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 10 — FINANCING (FDD pages 52–53)
What This Means (2025 FDD)
According to the 2025 Marble Slab Creamery FDD, Marble Slab Creamery or its affiliates may participate in joint ventures to operate restaurants by acquiring interest in a limited liability company (LLC). These LLCs will operate under a Limited Liability Company Operating Agreement, which is similar to the form attached as Exhibit L. This indicates that Marble Slab Creamery may acquire interests in LLCs for restaurant operations.
However, the FDD does not explicitly state whether Marble Slab Creamery intends to assign any interest it may acquire in any LLC. The franchise agreement does state that the franchisee will, at Marble Slab Creamery's option, assign to Marble Slab Creamery any interest which the franchisee has in any lease or sublease for the premises of the Restaurant.
Therefore, while Marble Slab Creamery may acquire interests in LLCs, the FDD does not provide information on whether Marble Slab Creamery intends to assign any interests it acquires in an LLC. A prospective franchisee should seek clarification from Marble Slab Creamery regarding their intentions to assign any interest they may acquire in an LLC.