To whom is the payment for furniture, fixtures, and equipment made for a Chocolate Fish Coffee franchise?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Furniture, Fixtures, and Equipment (see Note 3) | $65,000 - $125,0 | Check, debit, and/or credit | As incurred | Our Affiliate, Vendors and suppliers |
-
- The majority of the Furniture, Fixtures and Equipment investment will be paid to third party vendors and suppliers and according to our standards and specifications. Of this total amount, $49,642 to $105,742 will be paid to our Affiliate for specific equipment, supplies and items.
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 payment for furniture, fixtures, and equipment, which ranges from $65,000 to $125,000, is made to Chocolate Fish Coffee's affiliate, vendors, and suppliers.
Specifically, Note 3 in Item 7 states that a significant portion of this investment is paid to third-party vendors and suppliers, adhering to Chocolate Fish Coffee's standards. Furthermore, $49,642 to $105,742 of the total amount is designated for payment to Chocolate Fish Coffee's affiliate for specific equipment, supplies, and items.
This means a prospective franchisee should anticipate distributing payments for furniture, fixtures, and equipment between Chocolate Fish Coffee's affiliate and other external vendors and suppliers. It is important for the franchisee to understand the specific allocation of these payments to manage their initial investment effectively and ensure compliance with Chocolate Fish Coffee's requirements.