To whom are the premises deposits paid when opening a Cilantro Taco Grill franchise?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
D INITIAL INVESTMENT**
| YOUR ESTIMATED INITIAL INVESTMENT | ||||
|---|---|---|---|---|
| (Single Unit) | ||||
| Type of Expenditure | Amount | Method of Payment | To Whom Payment is Made | |
| Initial Franchise Fee1 | $35,000 | Lump sum payment in cash or available funds | Upon signing the Franchise Agreement. |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 18–21)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, premises deposits, which range from $5,000 to $10,000, are paid to the landlord and utility providers. These deposits are required by the landlord and utility providers.
Premises deposits are part of the initial investment a franchisee must make before opening a Cilantro Taco Grill location. These deposits are typically required to secure the lease and establish utility services. The exact amount will vary depending on the location and the specific requirements of the landlord and utility companies.
Prospective franchisees should budget accordingly and factor in these costs when planning their initial investment. It is important to communicate with the landlord and utility providers to understand the deposit requirements and payment schedules to avoid any delays in opening the Cilantro Taco Grill franchise.