What is the payment structure for Furniture, Fixtures, and Equipment investment 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 |
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- 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 estimated initial investment for furniture, fixtures, and equipment ranges from $65,000 to $125,000. These costs are paid as incurred.
The payment methods accepted are check, debit card, and/or credit card. Payments are made to Chocolate Fish Coffee's affiliate, as well as to various vendors and suppliers.
Note 3 in Item 7 states that a significant portion of this investment, specifically $49,642 to $105,742, is paid to Chocolate Fish Coffee's affiliate for specific equipment, supplies, and items. This means a substantial portion of the franchisee's investment in this category is directed back to the franchisor's related company, which is a common practice in franchising.