Are the lease security deposit and utility deposits refundable for a Chocolate Fish Coffee franchise?

According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, lease security deposits and utility deposits are generally refundable. The FDD states that these deposits are usually refundable unless the franchisee owes money to the landlord or utility provider.

The initial investment table outlines the estimated costs for these deposits. Rent and lease security deposits range from $3,000 to $16,200, payable to the landlord upon signing the lease. Utility deposits are estimated between $500 and $1,000, paid to utility providers when ordering service.

This refundability is a potential benefit for Chocolate Fish Coffee franchisees, as it allows for the recovery of a portion of the initial investment at the end of the lease term, assuming all obligations to the landlord and utility companies are met. It is important for prospective franchisees to carefully review their lease agreements and utility contracts to understand the specific terms and conditions for deposit refunds.