Is there a fee associated with obtaining a Site Securitization Extension from Marble Slab Creamery?
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 the 2025 Marble Slab Creamery Franchise Disclosure Document, a fee is associated with obtaining a Site Securitization Extension. If a franchisee does not enter into and provide Marble Slab Creamery with a copy of the purchase agreement or Site Lease by the Site Securitization Deadline, they may be granted a 60-day extension.
To obtain this 60-day Site Securitization Extension, the 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 Site Securitization Deadline.
Marble Slab Creamery has the right to automatically deduct this $5,000 fee from the franchisee's account via electronic funds transfer. This policy ensures that Marble Slab Creamery is compensated for granting the extension, while also incentivizing franchisees to secure a site within the initial timeframe.