What is the length of the Site Securitization Extension that Marble Slab Creamery may grant?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
itization 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 may be granted a 60-day extension to the Site Securitization Deadline. This extension, called the "Site Securitization Extension," is granted if the franchisee is otherwise in compliance with the Franchise Agreement and is using best efforts to secure a site and enter into a purchase or lease agreement.
To obtain this extension, the Marble Slab Creamery franchisee must pay a $5,000 extension fee, referred to as the "60-Day Extension Fee." This fee is due immediately upon the expiration of the initial Site Securitization Deadline, and Marble Slab Creamery has the right to automatically deduct the fee from the franchisee's account via electronic funds transfer.
This extension provides franchisees with additional time to finalize their site selection and lease or purchase agreements, which can be crucial in ensuring they find a suitable location for their Marble Slab Creamery store. However, it's important to note the $5,000 fee associated with this extension, which franchisees should factor into their initial investment and budget.