What is the estimated range for furniture, fixtures, and equipment for a Chocolate Fish Coffee franchise?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
CHISE AGREEMENT
| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $30,000 - $30,0 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Rent and Lease Security | $3,000 - $16,2 | 200 Check | U |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–16)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the estimated initial investment for furniture, fixtures, and equipment ranges from $65,000 to $125,000. This cost covers items necessary to set up the Chocolate Fish Coffee location.
The FDD specifies that payments for these items are made via check, debit, or credit. These payments are due as incurred and are paid to Chocolate Fish Coffee's affiliate, vendors, and suppliers. Note 3 further clarifies that a significant portion, specifically $49,642 to $105,742, of this total will be paid to Chocolate Fish Coffee's affiliate for specific equipment, supplies, and items.
Prospective franchisees should carefully consider this investment, as it represents a substantial portion of the overall initial investment. It is important to understand what specific items are included in this category and to compare prices and quality from different vendors where possible, although Chocolate Fish Coffee does require a portion of these items be purchased from their affiliate. Franchisees should also inquire about any financing options that may be available to help cover these costs.