What is the estimated range for utilities 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 | Upon signing lease | Landlord |
| Deposit (see Note 2) | ||||
| Utilities | $500 - $1,0 | Check, debit, and/or credit | Upon ordering service | Utility providers |
| Leasehold | $90,000 - $150,0 | 000 Check | As incurred or when billed | Contractors |
| Improvements | ||||
| Market Introduction | $3,000 - $6,0 | Check, debit, and/or credit | As incurred or when billed | Vendors and suppliers |
| Program | ||||
| Furniture, Fixtures, and Equipment (see Note 3) | $65,000 - $125,0 | Check, debit, and/or credit | As incurred | Our Affiliate, Vendors and suppliers |
| Computer Systems | $3,000 - $6,0 | Check, debit, and/or credit | As incurred | Vendors and suppliers |
| Insurance | $500 - $4,0 | OOO Check | Upon ordering | Ins |
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 utilities ranges from $500 to $1,000. This cost covers the expenses associated with setting up utility services for the franchise location.
The method of payment for these utilities includes check, debit, and/or credit. These payments are due upon ordering the service from the utility providers. It is important to note that the utility deposits will usually be refundable unless the franchisee owes money to the utility provider.
Prospective Chocolate Fish Coffee franchisees should budget accordingly for these initial utility expenses, ensuring they have sufficient funds available when ordering the services. Understanding these costs upfront helps in planning the overall financial investment required to start the franchise.